The global influencer marketing market size has more than tripled since 2020. In 2025, the market was estimated to reach a record of approximately 33 billion U.S. dollars. What is influencer marketing? Influencer marketing is a form of social media marketing that involves product placements and endorsements from online creators. In today’s competitive marketing landscape, brands are collaborating with influencers more firmly than ever, as partnerships with well-known creators can open the door to large potential audiences. In 2024, influencer marketing spending in the United States was forecast to reach an all-time high of 7.1 billion U.S. dollars. Seeing that internet stars can boost brand visibility, drive engagement, and impact purchasing decisions for millions of users, it comes as no surprise that spending on influencer cooperation is expected to pick up even more speed in the future. Top influencer marketing platforms Marketers can choose from an ever-expanding list of social media platforms to bridge the gap between brands and consumers. According to a recent survey, Instagram remains the most popular platform for influencer marketing in the United States, and in 2025, the global Instagram influencer market size was estimated to surpass 22 billion dollars for the first time. Apart from the photo-sharing app, video-based platforms such as TikTok have become popular among brands and marketers. In the first half of 2024, the most successful brands earned over half a billion U.S. dollars in earned media value (EMV) with their TikTok influencer marketing campaigns.
The global influencer marketing market is forecast to generate 15.2 billion U.S. dollars in 2022. The popularity of influencer marketing worldwide is growing at such a high speed that the global market size is expected to reach 22.2 billion U.S. dollars by 2025, more than double the amount recorded in 2020 (9.7 billion U.S. dollars).
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The global influencer marketing platform market size was valued at approximately USD 10.5 billion in 2023 and is projected to reach an impressive USD 39.2 billion by 2032, reflecting a robust CAGR of 15.6% during the forecast period. This significant growth can be attributed to the increasing reliance on social media channels for brand promotion and consumer engagement. Businesses across various sectors are recognizing the potential of influencer marketing as a cost-effective strategy to reach specific target audiences, leveraging the large followings and impactful voices of social media influencers. The shift from traditional advertising to digital marketing, the proliferation of social media platforms, and the rise of micro-influencers are among the key drivers fueling this market's expansion.
A primary growth factor in the influencer marketing platform market is the changing consumer behavior towards digital content consumption. With the advent of high-speed internet and smartphones, consumers are spending more time online, particularly on social media platforms where influencers are prevalent. This shift has empowered influencers to become critical players in shaping consumer opinions and experiences, thereby driving brands to invest heavily in influencer marketing strategies. Additionally, the authenticity and relatability of influencers' content make them more appealing to consumers compared to conventional advertising, allowing brands to establish genuine connections with their audience, which in turn fuels market growth.
Another significant driver is the technological advancements in data analytics and artificial intelligence, which are enhancing the effectiveness and efficiency of influencer marketing campaigns. Modern influencer platforms are equipped with sophisticated analytics tools that allow brands to track campaign performance, audience engagement, and ROI with precision. These tools provide detailed insights into consumer preferences and behaviors, enabling brands to tailor their marketing strategies for maximum impact. Furthermore, AI is being utilized to predict trends, optimize content delivery, and identify the most suitable influencers for specific campaigns, making influencer marketing a more strategic and data-driven approach.
The emergence of new social media platforms and the evolving nature of existing ones also contribute to the market's growth. Platforms like TikTok, Instagram, and YouTube continue to innovate, offering new features and functionalities that enhance user engagement and content creation. This continuous evolution creates fresh opportunities for influencers to expand their reach and for brands to explore innovative marketing strategies. As these platforms grow their user bases, the scope for influencer marketing widens, attracting more businesses to invest in this dynamic field, further propelling market development.
From a regional perspective, North America holds a dominant position in the influencer marketing platform market, driven by the high adoption rate of digital marketing practices and the presence of major social media platforms. The region's advanced technological infrastructure supports the swift implementation of influencer marketing strategies. However, rapid growth is also observed in the Asia Pacific region, which is anticipated to exhibit the highest CAGR over the forecast period. The burgeoning internet penetration, increasing number of social media users, and the rising popularity of e-commerce are key factors contributing to the market expansion in this region. Europe and Latin America also present lucrative opportunities, with brands increasingly leveraging influencers to tap into regional markets.
The components of the influencer marketing platform market are broadly categorized into solutions and services, each playing a crucial role in driving market dynamics. The solutions segment comprises software and platforms that enable brands to discover, manage, and measure influencer campaigns. These solutions offer a wide range of functionalities such as influencer search and discovery, campaign management, analytics, and compliance management tools. As brands prioritize transparency and accountability in their marketing efforts, demand for advanced solutions that can provide comprehensive data insights and performance metrics has surged. This demand is further propelled by the need for streamlined workflows and enhanced collaboration between brands and influencers, positioning the solutions segment as a pivotal growth pillar in the market.
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Learn more about Market Research Intellect's Influencer Market Report, valued at USD 21.1 billion in 2024, and set to grow to USD 47.4 billion by 2033 with a CAGR of 9.5% (2026-2033).
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Influencer Marketing Market is Segmented by Influencer Type (Nano Influencers (1k-10k), Micro Influencers (10k-100k), and More), Social Media Channel (Instagram, Tiktok, and More), Application (Campaign Management, Search and Discovery, and More), End User (Retail and E-Commerce, Fashion and Lifestyle, and More), by Geography. The Market Forecasts are Provided in Terms of Value (USD).
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Influencer Marketing Market size was valued at USD 7.40 Billion in 2024 and is projected to reach USD 50.4 Billion by 2032, growing at a CAGR of 31.5% from 2026 to 2032.The growing need for brands and organizations to develop deeper connections with consumers is propelling the growth of the Influencer Marketing Market. Current innovations, such as virtual influencers, are projected to augment these platforms. A virtual influencer offers cost-effective adaptability and a greater degree of creative freedom, enabling to reach the right customers.
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According to Cognitive Market Research, the global Influencering Platform market size will be USD 9215.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 31.20% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 3686.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2764.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2119.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 33.2% from 2024 to 2031.
The Latin American market will account for more than 5% of global revenue and have a market size of USD 460.76 million in 2024. It will grow at a compound annual growth rate (CAGR) of 30.6% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 184.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.9% from 2024 to 2031.
Search and Discovery held the highest Influencering Platform market revenue share in 2024.
Key Drivers of Influencering Platform Market
Rising Popularity of Influencer Marketing to Increase the Demand Globally
The rising popularity of influencer marketing is fueling increased demand globally for solutions that facilitate effective collaboration between brands and influencers. In recent years, influencer marketing has emerged as a powerful strategy for brands to connect with their target audiences authentically and drive engagement, conversions, and brand awareness. With consumers increasingly turning to social media and digital platforms for product recommendations and lifestyle inspiration, brands are recognizing the influential role that content creators and social media personalities play in shaping consumer preferences and purchasing decisions.
As a result, there is a growing need for influencer marketing platforms and services that streamline the process of identifying, engaging, and managing influencer partnerships, as well as measuring the impact and effectiveness of campaigns. This surge in demand is driven by brands across various industries seeking to leverage the reach, credibility, and creativity of influencers to enhance their marketing efforts and achieve tangible business results in an increasingly competitive and digital-centric landscape.
Proliferation of Social Media Platforms to Propel Market Growth
The proliferation of social media platforms is poised to propel the growth of the influencer marketing market globally. With the continuous emergence of new platforms and the increasing user base of existing ones, brands have a wider array of channels to connect with their target audiences. Each social media platform offers unique features, demographics, and engagement mechanisms, providing brands with diverse opportunities to reach specific segments of their audience effectively. Influencer marketing thrives in this environment as brands seek to leverage the popularity and influence of content creators across different platforms to amplify their brand messages and drive engagement.
Additionally, the growing popularity of visual-centric platforms like Instagram, TikTok, and YouTube has significantly contributed to the rise of influencer marketing, as these platforms offer rich opportunities for storytelling, visual content creation, and audience engagement. As social media continues to evolve and new platforms emerge, the influencer marketing market is expected to expand further, providing brands with new avenues to connect with consumers and achieve their marketing objectives.
Restraint Factors Of Influencering Platform Market
Saturation and Competition to Limit the Sales
Saturation and intensifying competition within the influencer marketing industry could limit sales growth for platforms and agencies. As more businesses recognize the value of influencer collaborations, the market becomes increasingly crowded, leading to pricing pressures and commoditization of services. Moreover, the proliferation of influencers and influencer marketing platforms has made it challenging for brands to stand out and identify the most effective partnerships. This heightened competition may result in smaller profit...
Influencer Marketing Platform Market Size 2025-2029
The influencer marketing platform market size is forecast to increase by USD 80.3 billion, at a CAGR of 35.8% between 2024 and 2029.
The market is experiencing significant growth, driven by increasing partnerships and mergers and acquisitions among companies. These collaborations bolster the market's competitive landscape, enabling influencer marketing platforms to gain customer trust and create strong brand images. However, the market also faces challenges such as the rise of fake followers and the need for advanced technologies like machine learning (ML) and AI to ensure authenticity and transparency. As influencer marketing continues to evolve, the prevalence of fraudulent social media accounts poses a threat to the authenticity and effectiveness of influencer campaigns. Brands must navigate this challenge by investing in robust verification tools and implementing rigorous vetting processes to ensure they collaborate with genuine influencers, maintaining the integrity and credibility of their marketing strategies.
Companies seeking to capitalize on the market's opportunities and effectively manage these challenges must stay informed about emerging trends and best practices in influencer marketing and verification technologies.
What will be the Size of the Influencer Marketing Platform Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The influencer marketing landscape continues to evolve, with dynamic market activities shaping its contours. Brands increasingly leverage influencer marketing budgets to expand reach and impressions, optimizing campaigns through advanced tools and strategies. Influencer marketing software integrates social media marketing, content distribution, and sentiment analysis, enabling real-time social listening and content collaboration. Machine learning and artificial intelligence enhance influencer marketing strategy, influencer outreach, and data analytics, fostering brand awareness and reputation management. Influencer marketing agencies facilitate influencer endorsements, partnerships, and discovery, while ensuring brand safety and customer acquisition.
Performance tracking and engagement metrics provide valuable insights for content strategy and sales conversion, ultimately driving customer retention and lead generation. The ongoing integration of data analytics, social media integration, and influencer marketing tools continues to reshape the digital marketing landscape.
How is this Influencering Platform Industry segmented?
The influencering platform industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
End-user
Large enterprise
Small and medium enterprise
Application
Fashion and lifestyle
Food and entertainment
Travel and holiday
Sports and fitness
Others
Type
Campaign Management
Search & Discovery
Analytics & Reporting
Influencer Management
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
Middle East and Africa
Egypt
KSA
Oman
UAE
APAC
China
India
Japan
South America
Argentina
Brazil
Rest of World (ROW)
By End-user Insights
The large enterprise segment is estimated to witness significant growth during the forecast period.
Influencer marketing platforms have become essential tools for large enterprises seeking to expand brand reach, engage audiences, and drive sales conversions. These platforms offer advanced features tailored to the unique needs of large-scale businesses, including campaign optimization, content scheduling, and audience targeting. Artificial intelligence and machine learning technologies enable influencer discovery, content collaboration, and sentiment analysis, ensuring brand safety and reputation management. Data analytics plays a pivotal role in influencer marketing platforms, providing real-time performance tracking and engagement metrics. Large enterprises benefit from data visualization tools, which help them understand the impact of their influencer marketing strategies and make data-driven decisions.
Influencer marketing budgets are managed effectively through these platforms, ensuring efficient content distribution across social media channels and other digital marketing avenues. Influencer marketing agencies and networks are integrated into these platforms, streamlining the process of influencer outreach and partnerships. Influencer endorsements and brand advocacy are facilitated through influencer collaboration tools, which help businesses bu
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The Europe Virtual Influencer Market would witness market growth of 37.8% CAGR during the forecast period (2023-2030). They are evolving beyond generic characters, with a growing emphasis on hyper-personalization. Brands use AI algorithms to tailor virtual influencers to individual consumer prefer
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Solutions:Influencer discovery and identificationCampaign managementInfluencer relationship managementContent creation and distributionAnalytics and reportingServices:Influencer outreach and engagementCampaign planning and executionContent creation and optimizationMeasurement and evaluationApplication:Search and discoveryCampaign managementInfluencer relationship managementAnalytics and reportingOthers (e.g., e-commerce integration)Organization Size:Small & Medium Enterprise (SME)Large Enterprise Recent developments include: September 2019: Ahalogy, a Quotient brand, announced the launch of Rising Keywords, a new feature for its Muse platform. The feature will help predict future trends on social platforms., March 2020: IZEA Worldwide announced BrandGraph, a social intelligence platform for social media marketers. The engine currently processes more than 400 million pieces of content across over 4.5 million influencers ly., October 2020: Upfluence integrated its software with the Klaviyo marketing platform. It boosts eCommerce marketing processes by improving insight and targeting., June 2021: Upfluence has launched a WooCommerce (US) integration into its influencer marketing software. Upfluence's new WooCommerce connection offers various advantages for sales-focused influencer marketing initiatives. It uses data on purchase habits and influencer metrics to increase consumer activation for data-driven influencer and affiliate marketing initiatives. Native promotional codes for accurate performance tracking and revenue assessment help these integrated programs produce results.. Key drivers for this market are: . Driver 1, . Driver 2; . Driver 3. Potential restraints include: . Restrain 1, . Restrain 2.
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The global influencer marketing industry has experienced significant growth, with its market size reaching approximately $24 billion in 2024.
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Influencer Marketing Platform Market is anticipated to reach US$ 118.0 Bn by 2031, growing at a CAGR of 30.81% during the forecast period.
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The influencer marketing platform market size is estimated to rise from $16.79 billion in 2024 to $272.43 billion by 2035, growing at a CAGR of 28.83% from 2024 to 2035.
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The Influencer Market size was valued at USD 19.43 billion in 2023 and is projected to reach USD 143.03 billion by 2032, exhibiting a CAGR of 33.0 % during the forecasts period. The Influencer Market refers to people who use their social profiles with subscribers to endorse various brands, goods, or services to targeted audiences because they have sway over the latter’s buying choices. Celebrities extend from the macro big-callers, medium, small and even down to the nano-ones serving varied audience totals and types. They key use of this market in digital marketing is that they are used for brands, new products, and specific promotions awareness. Trends consist of increasing significance of micro and nano influencers that provide high engagement and genuine reach; video content on TikTok, Instagram, and others; and accent on the data to measure the performance and further adjust campaigns. Recent developments include: In June 2023, AnyMind Group launched Social Hack, a comprehensive commerce enablement company. This new service-based solution enables enterprises to leverage platform integrations between AnyMind Group's diverse proprietary platforms and popular social media platforms like TikTok and Instagram. The primary focus of Social Hack is to empower businesses in influencer marketing, social commerce, and live commerce by facilitating seamless connections and collaborations. Through this innovative service, enterprises can tap into the potential of social media platforms and maximize their marketing efforts while utilizing AnyMind Group's expertise in commerce enablement. , In May 2023, FINTroop, the leading influencer management platform by Dot Media, a creative martech startup, was launched. FINTroop's primary goal is to convey brand messages most innovatively and imaginatively possible. It strives to strike a perfect harmony between the creative freedom of content creators and the core values and principles of brands within the financial ecosystem. , In January 2023, Affluence Hub introduced two exciting new features to enhance its influencer marketing platform. The first is a campaign tracker tool, which provides brands with in-depth insights and analytics to monitor the performance of influencer campaigns. This tool enables brands to track key metrics, measure their return on investment (ROI), and optimize their marketing strategies for better results. The second feature is instant payment for influencers, ensuring they receive their earnings immediately after completing campaign requirements. This seamless payment system aims to simplify the payment process, providing influencers with timely compensation for their work and ultimately enhancing their overall experience. .
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Influencer Marketing Platform Market reached USD 7.9 billion in 2021 and expected to reach USD 70.6 billion in 2029, expanding at a CAGR of 31.5% till 2029
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The Influencer Marketing Platform Market is estimated to reach USD 306.9 Billion by 2033, riding on a strong 34.2% CAGR.
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The global virtual influencer market size was estimated at USD 4.60 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 30.8% from 2024 to 2032. This significant growth is driven by technological advancements in artificial intelligence (AI) and an increasing preference for digital engagement over traditional influencer marketing methods.
One of the primary growth factors for the virtual influencer market is the rising adoption of AI and machine learning technologies. These technologies enable the creation of highly realistic virtual influencers that can engage audiences in unique and interactive ways. Companies are increasingly investing in AI-driven solutions to develop virtual influencers that can effectively communicate brand messages and engage consumers. The precision and consistency offered by virtual influencers make them highly attractive for brands looking to maintain a strong digital presence.
Another key driver is the growing consumer inclination towards digital content consumption. With the proliferation of social media platforms and the increasing time spent online, virtual influencers are becoming a compelling alternative to human influencers. They offer brands the ability to create personalized and engaging content that can be easily scaled. Additionally, virtual influencers are not constrained by geographical boundaries, allowing brands to reach a global audience without the logistical challenges associated with human influencers.
The cost-effectiveness of virtual influencers also contributes to their growing popularity. Unlike human influencers, virtual influencers do not demand high fees for endorsements and collaborations. This makes them a cost-efficient solution for brands of all sizes, especially small and medium enterprises (SMEs) looking to make a significant impact on social media without incurring substantial expenses. Moreover, virtual influencers can be programmed to work round the clock, providing continuous engagement and content creation, which further enhances their value proposition.
The concept of an Interactive Digital Human is gaining traction as a transformative element within the virtual influencer market. These digital entities are designed to provide a more immersive and engaging experience for users by simulating human-like interactions. Unlike traditional virtual influencers, Interactive Digital Humans can respond to user inputs in real-time, offering a dynamic and personalized experience. This capability opens up new avenues for brands to connect with their audiences on a deeper level, fostering a sense of authenticity and relatability. As technology continues to evolve, the integration of Interactive Digital Humans into marketing strategies is expected to become more prevalent, offering brands a unique way to stand out in the digital landscape.
From a regional perspective, North America is expected to lead the market, driven by the high concentration of AI technology companies and the early adoption of digital marketing strategies. The Asia Pacific region is also anticipated to witness substantial growth, fueled by the increasing use of social media and the rising popularity of virtual influencers among tech-savvy consumers. Europe is likely to see steady growth, supported by a strong focus on innovation and digital transformation.
The software component is integral to the virtual influencer market, encompassing AI algorithms, machine learning frameworks, and digital content creation tools. These software solutions enable the design and development of virtual influencers capable of human-like interactions. The market for virtual influencer software is expanding rapidly as companies seek to enhance their digital marketing strategies. Advanced AI software allows for the creation of highly realistic avatars with the ability to engage and resonate with audiences on various social media platforms. Moreover, continuous improvements in AI and graphics rendering technologies are expected to drive further innovation in this segment.
Another aspect of the software component is the integration of analytics and performance tracking tools. These tools are crucial for brands to measure the effectiveness of their virtual influencer campaigns. They provide insights into engagement
The annual expenditure of businesses on influencer marketing in Japan was projected to amount to ** billion Japanese yen in 2024. It was expected that the market would grow further and reach a value of more than *** billion yen by 2029. Advertising and social media in Japan Japan is home to a large advertising market, which is considered to be one of the most creative worldwide. In recent years, online advertising has become more and more important, while many traditional media increasingly struggle to generate advertising revenues. This shift from traditional to digital media was accelerated by the COVID-19 pandemic, which led people to spend more time inside their own homes and increased the demand for digital entertainment. Social media plays an increasingly important role for advertising not only because social media platforms offer an opportunity to connect with other people, but also because they are frequently used to look up information. Among social advertising expenditures, regular social networking services as well as video sharing platforms constitute the largest ad categories. Social media marketing Unlike advertising, which refers to the process of making a product or service known to potential customers, marketing usually involves further aspects that are directly related to the dissemination of advertisements, such as the research and analysis necessary for the design and creation of ads. Influencer marketing is part of the larger social media marketing market, which is expected to exhibit strong growth in the coming years. As a breakdown of this market shows, it consists of social media advertising, influencer marketing, support for the operation of social media accounts, expenses for analytics tools, as well as campaign planning and consulting. While analytics tools and campaign planning and consulting make up comparatively small shares of the market, they are indispensable aspects with regard to choosing the right platform and advertising strategy. Within the Japanese influencer market, YouTube, Instagram, X (previously known as Twitter), and Tiktok represent the major segments.
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The global Influencer Marketing Platform market size was estimated at USD 8,917.88 million in 2024 and is expected to grow at a CAGR of 33.71% from 2025 to 2034.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 18.45(USD Billion) |
MARKET SIZE 2024 | 22.74(USD Billion) |
MARKET SIZE 2032 | 121.0(USD Billion) |
SEGMENTS COVERED | Content Type ,Industry ,Influencer Type ,Campaign Type ,Platform ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Rising Social Media Penetration 2 Growing Influencer Marketing Adoption 3 Diversification of Influencer Platforms 4 Need for Authenticity and Transparency 5 Increasing Focus on MicroInfluencers |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Fanbytes ,Traackr ,Infludr ,Upfluence ,paid ,IZEA ,Opendorse ,InBeat ,BrandMaker ,NeoReach ,AspireIQ ,Klear ,Mavrck ,Mediakix |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Microinfluencers Niche markets Datadriven influencer selection Authenticity and transparency Crossplatform collaborations |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 23.24% (2024 - 2032) |
The global influencer marketing market size has more than tripled since 2020. In 2025, the market was estimated to reach a record of approximately 33 billion U.S. dollars. What is influencer marketing? Influencer marketing is a form of social media marketing that involves product placements and endorsements from online creators. In today’s competitive marketing landscape, brands are collaborating with influencers more firmly than ever, as partnerships with well-known creators can open the door to large potential audiences. In 2024, influencer marketing spending in the United States was forecast to reach an all-time high of 7.1 billion U.S. dollars. Seeing that internet stars can boost brand visibility, drive engagement, and impact purchasing decisions for millions of users, it comes as no surprise that spending on influencer cooperation is expected to pick up even more speed in the future. Top influencer marketing platforms Marketers can choose from an ever-expanding list of social media platforms to bridge the gap between brands and consumers. According to a recent survey, Instagram remains the most popular platform for influencer marketing in the United States, and in 2025, the global Instagram influencer market size was estimated to surpass 22 billion dollars for the first time. Apart from the photo-sharing app, video-based platforms such as TikTok have become popular among brands and marketers. In the first half of 2024, the most successful brands earned over half a billion U.S. dollars in earned media value (EMV) with their TikTok influencer marketing campaigns.