CATEGORY

Social Media Marketing

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Social Media Marketing Market Monitoring Dashboard

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Social Media Marketing Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Social Media Marketing category is 7.40%

Payment Terms

(in days)

The industry average payment terms in Social Media Marketing category for the current quarter is 60.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Social Media Marketing Suppliers

    16,019
    Total Suppliers
    1,232
    Diverse Suppliers
    89
    Normalized Supplier Rating
    Social Media Marketing Supplier

    Find the right-fit social media marketing supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    Omnicom Group Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    39
    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    62
    Social
    30
    Governance
    47
    6 Domains Performance (/100)
    Business behaviour
    41
    Human rights
    51
    Community Environment
    18
    Corporate governance
    49
    Human resources
    17
    Security Scorecard
    81
    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    56
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    92
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    89
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    omnicomgroup.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    2
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    4
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    6
    Fraud Issues
    1
    Labor Health Safety Flags
    6
    Regulatory Issues
    5
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    72
    Discrimination Workforce Rights Issues
    6
    esg controversies critical severity
    No

    Social Media Marketing Market Intelligence

    global market outlook

      • The Social Media Marketing Services market is estimated to grow to $140–$150 billion (2022)E at CGPR of 10 - 12 percent, followed by North America $42–44 billion, growing at 11–12 percent. Further, the Digital Marketing services market size in APAC is $20–$22 billion, growing at 13–15 percent.
      • The FMCG sector continues to spend highly on social media channels and leveraging the impact of social media influencers on user buying decisions.
      • The social media ad spending is expected to increase in the European region. The ad spending in the UK grew by around 20 – 23% in 2022.
      • The APAC market is experiencing a budget shift to social media, due to high active users in China and India. Increasing price trend is observed in Chinese and Japanese markets

    Social Media Marketing market frequently asked questions

    The global social media market was valued at $84-86 Bn in 2019. It touched the $102 Bn mark in 2020, growing at an 18.8% CAGR.

    Key market drivers include accelerating usage of social media platforms to reach a wider audience and increasing inclination toward influencer marketing for high engagement and conversion rates. Moreover, social media platforms help brands boost their market presence and gain a competitive edge by assessing the competition and consumer patterns.

    As per Beroe’s category intelligence report, the average industry ad expenditure on social media has surged by 38% in Q3, with a notable rise in FMCG (61%), automotive (59%), finance (35%), and e-commerce (27%).

    For social media marketers, calculating the value of a post/tweet shared compared to clicks on an ad is challenging. Further, the lack of standard measures for social media platforms and rising data privacy concerns are compelling market players to reinvent their business strategies.

    The COVID-19 pandemic has augured well for the social media market, given the tremendous growth in usage and data generation, especially after the nationwide lockdowns. After the initial pause, many brands have scaled their social media ads expenditure as well. Instagram and Facebook have been the most active platforms across the globe.

    Asia Pacific (APAC) continues to offer lucrative growth opportunities for the players in the social media market, given the largest number of social media users, mostly YouTube and Twitter. Furthermore, increasing internet penetration, rising tech-savvy population, and improving connectivity have triggered the region’s usage of social media platforms.

    Social Media Marketing market report transcript

    Global Market Outlook on Social Media Marketing

    • The global social media ad spend in 2023 is estimated to around $ 225 billion and the total social media users accounted for around 4.2 billion users in 2023

    • Tik Tok, YouTube, WhatsApp, and Instagram continue to be the most used social media platforms globally, with Instagram having a major share in social media marketing, however, TikToK has experienced a rapid growth in the past year

    Global Social Media Marketing Maturity

    • The market maturity is high in North America, closely followed by Western Europe. Fashion, apparel, and media are the high-spending categories in APAC and North America across all social media platforms. Shoppable ads and sponsored ads are highly adopted by marketers across social media platforms.

    Global Social Media Marketing Market Drivers and Constraints  

    The growth of online video content and ease of incorporating social media platforms for brand engagement and target audience reach are driving factors for marketers to adopt social media advertising. Platforms, like Facebook and Instagram, generates high ROI and features, like sponsored posts, Live videos, Stories, posts drive traffic and increase sales.

    Drivers

    Increase in Usage of Social Media Management Tools

    • Advertisers are increasingly using technology-based platforms to plan and buy, to have better reach and receive higher impressions. Social media listening tools are used to streamline and consolidate marketing campaigns, which, in turn, increases brand engagement.

    Influencer Marketing

    • Influencer marketing is the new age advertising with high engagement and conversion rates among marketers. It is prevalent on social platforms, such as Instagram and Facebook, where it allows marketers to deliver brand messages in a wide range of formats –tweets, post, video, story to reach target audience in a broader level.

    Constraints

    Measuring Social Media ROI

    • Measuring social media ROI is different from traditional marketing. It is challenging for marketers to calculate the value of a tweet/post shared compared to click on an ad. Implementing a specific business goal and social media strategy in place helps in measuring the ROI efficiently.

    Cost Structure: Social Media Marketing

    • Labor/staff cost contributes to a maximum of 45–50 percent of the overall agency base price, and comprises of direct cost (direct payroll cost) and indirect cost (third-party engagement cost). Staff cost differs widely, depending on the scope of the project (e.g., an average content writer earns 30–40 percent higher than a general web content writer in the US).

    Social Media Marketing Demand Market Outlook

    The average industry ad spend on social media increased by 38 percent in Q4, with a significant increase in categories, such as FMCG (61 percent), auto (59 percent), finance (35 percent), and e-commerce (27 percent).

    Demand Trends

    North America

    • The FMCG sector continues to spend highly on social media channels and leveraging the impact of social media influencers on user buying decisions

    • FMCG companies realize high ROI by engaging with influencers than traditional advertising post the pandemic

    Europe

    • The social media ad spending is expected to increase in the European region. The ad spending in the UK grew by around 25–31 percent in 2023

    • Brands are using influencers and social media platforms, like Facebook, Instagram, and YouTube, promote their products through focused campaigns

    Asia

    • APAC will continue to be the fastest growing region, in terms of social media usage in 2023. Facebook and YouTube are the dominant social media channel used in APAC by consumers, however, western platforms are banned in China

    • Localized targeting by FMCG brands are majorly done via social media platforms, like Instagram and Youtube

     

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