For the fiscal year 2024, Pinterest's revenue was 3.65 billion U.S. dollars, an increase of 19 percent on the previous year. The social media and image sharing platform has seen a steady increase in revenue every year since 2016.

In the fourth quarter of 2024, the image sharing and social media platform Pinterest generated 1.15 billion U.S. dollars in company revenues, up from 898 million U.S. dollars in the previous quarter. Overall, this was the most successful quarter that the platform has ever had in terms of global quarterly revenue, exceeding the previous record of 981 million U.S. dollars in the fourth quarter of 2023.

In the fiscal year 2024, Pinterest incurred a net income of 1.86 billion U.S. dollars. Overall, 2021 saw the platform's first positive global net income, reaching 316 million U.S. dollars. In 2019, the Pinterest's annual net loss stood at a loss of 1.36 billion U.S. dollars.

In 2024, visual bookmarking platform Pinterest generated over 2.88 billion U.S. dollars in revenue in the United States. In Europe, almost 600 million U.S. dollars were generated, whilst the rest of the world accumulated 169 million U.S. dollars.

In the fourth quarter of 2024, social media and image sharing platform Pinterest generated a revenue of 900 million U.S. dollars in the United States and Canada. In Europe, Pinterest made 196 million U.S. dollars in Q4 2024, and 58 million U.S. dollars throughout the rest of the world.

In the fourth quarter of 2024, social media and image sharing platform Pinterest reported a net income of approximately 1.85 billion U.S. dollars. Overall, this was by far Pinterest's most successful quarter since the platform launched, exceeding the previous record of over 207 million U.S. dollars in the fourth quarter of 2020. Moreover, the second quarter of 2019 saw record net losses of over one billion U.S. dollars.

According to Cognitive Market Research, The Global Market is Growing at Compound Annual Growth Rate (CAGR) of 6.00% from 2023 to 2030.

The demand for Luxury Apparel Accessories is rising due to the increased consumer-key actor interaction via social media platforms and online retail outlets is driving sales of the most fashionable luxury clothing.
Demand for Accessorie remains higher in the Luxury Apparel Accessorie market.
The online sales category held the highest Luxury Apparel Accessories market revenue share in 2023.
North American Luxury Apparel accessories will continue to lead, whereas the Asia-Pacific market will experience the most substantial growth until 2030.

Brand Prestige and Exclusivity to Provide Viable Market Output

A key driver in the luxury apparel accessories market is the enduring appeal of brand prestige and exclusivity. Consumers are drawn to iconic luxury brands that represent status, craftsmanship, and a unique identity. The allure of owning accessories from renowned fashion houses lies in the association with a lifestyle of opulence and sophistication. Luxury brands leverage their heritage, limited editions, and signature designs to maintain an air of exclusivity, driving demand among consumers seeking to make a statement through premium and prestigious accessories.

September 2022: Hermès International S.A. announced the opening of a new duplex store offering a range of premium apparel within the Union Square shopping mall in Ho Chi Minh City, Vietnam.

(Source: unionsquare.vn/en/hermes-opens-a-new-expanded-store-in-ho-chi-minh-citys-union-square-in-the-heart-of-its-cultural-quarter/#:~:text=Herm%C3%A8s%20is%20delighted%20to%20announce,on%20the%2016th%20September%202022.)

Evolving Fashion Trends and Personalization to Propel Market Growth

Another significant driver is the influence of evolving fashion trends and the growing demand for personalized luxury accessories. The luxury market responds to dynamic shifts in consumer preferences by offering accessories that reflect contemporary styles and individual tastes. Brands invest in versatility and customization, allowing consumers to tailor accessories to their unique preferences. This emphasis on personalization aligns with the desire for distinct and one-of-a-kind items, driving consumer engagement and fostering a sense of connection with luxury accessory offerings that resonate with evolving fashion sensibilities.

In March 2023, Burberry announced a €21 million deal to acquire Pattern SpA, its long-term technical outerwear supplier, to secure capacity, build capability, and embed sustainability in its value chain.

(Source: in.pinterest.com/pin/burberry-acquires-business-from-italian-outerwear-supplier-pattern-in-2023--968836938568212946/#:~:text=941%20followers-,Burberry%20acquires%20business%20from%20Italian%20outerwear%20supplier%20Pattern,sustainability%20into%20i)

Market Dynamics of Luxury Apparel Accessorie

Economic Downturn and Consumer Spending to Restrict Market Growth

Certain ingredients in Luxury Apparel Accessories can pose potential health concerns. These include parabens, fragrances, and formaldehyde-releasing preservatives, which may cause skin irritation, allergies, or hormonal disruptions. Heavy metals such as lead and cadmium, sometimes found in cosmetics, can lead to long-term health issues. The Luxury Apparel accessory market should prioritize ingredient transparency, safety testing, and the development of safer, hypoallergenic formulations to address these health concerns and ensure consumer well-being.

Impact of COVID–19 on the Luxury Apparel Accessorie Market

The COVID-19 pandemic has had a profound impact on the luxury apparel accessories market, reshaping consumer behaviors and disrupting the traditional dynamics of the fashion industry. With lockdowns, travel restrictions, and economic uncertainties, consumer priorities shifted, leading to decreased spending on non-essential items, including luxury accessories. Physical retail spaces faced closures, impacting the in-store shopping experience that is integral to the luxury segment. As a result, there was a surge in online shopping, prompting luxury brands to enhance their digital presence. The decline in social events and gatherings also influenced accessory choices, with a preference for more casual and versatile items. Supply chain disruptions and production challe...

The revenue of Pinterest with headquarters in the United States amounted to 3.06 billion U.S. dollars in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2019 this is a total increase by approximately 1.92 billion U.S. dollars. The trend from 2019 to 2023 shows, furthermore, that this increase happened continuously.

As of April 2024, there were almost 90 million Pinterest users in the United States, making it the country with the most Pinterest users by far. Ranking second was Brazil, with 38.925 million users, followed by Mexico, Germany, and France, respectively. Pinterest’s audience In the first quarter of 2024, Pinterest had a total of 518 million monthly active users (MAUs) worldwide, an increase of two million users from the previous quarter. Throughout 2021, the social media site saw a steady decline in MAUs, after seeing a constant increase throughout 2020. The increase in usage of many social media platforms coincides with the COVID-19 pandemic and consequent lockdowns. As of April 2024, significantly more women than men used Pinterest, with women making up almost three-quarters of its user base. The platform’s largest audience, in terms of gender and age, was women between the ages of 25 to 34, who accounted for more than a fifth of all users, followed by women aged 18 to 24 years. User satisfaction According to the American Customer Satisfaction Index (ACSI), as of June 2021, Pinterest scored the highest level of customer satisfaction for selected social media sites, ranking ahead of platforms such as YouTube, Wikipedia, and TikTok. Overall, Pinterest received a total score of 78 out of 100 index points. Pinterest’s financials For the financial year 2023, Pinterest generated over three billion U.S. dollars in global annual revenue, a rise from the previous year’s result of 2.8 billion U.S. dollars. The majority of this revenue was generated in the United States. Additionally, in the last quarter of 2023, the social media platform reported a net loss of over 200 million U.S. dollars. As of June 2023, Pinterest was one of the biggest consumer internet and online service companies worldwide in terms of market capitalization. With a market cap of 19 billion U.S. dollars, Pinterest ranked in 16th place, ahead of Chewy, Delivery Hero, and Etsy.

Meta emerges as the leader in social media shopping in France. Estimates suggest that in 2023, Instagram and Facebook together would capture approximately 70 percent of social commerce revenues in the French market. According to forecasts, this position will strengthen in the coming years, surpassing platforms like YouTube and Pinterest.

In 2022, Pinterest generated 2.8 billion U.S. dollars in advertising revenue. This figure is expected to further grow to reach 5.1 billion U.S. dollars by 2027. The social sharing platform is responsible for roughly 0.5 percent of the global ad revenue.

During the fourth quarter of 2023, the number of daily active users on Facebook reached 2.1 billion, a minor increase on the previous quarter. When compared with the number of daily active users in the final quarter of 2022, the platform has gained around 100 million users. Facebook’s penetration rate for the United States in 2023 was 72.13 percent, up from 71.43 percent in 2022. The social network’s audience reach is projected to stand at 75.79 percent by 2027.

Most popular social media websites

As of May 2021, Facebook was the most used social media site in the United States, accounting for 71.8 percent of all social media visits. Ranking in second place was Pinterest with 12.4 percent, followed by Twitter and Instagram, with 9.15 percent and 3.82 percent, respectively. Although other sites remain popular, Facebook’s number of visits made it undoubtably the leading social media platform in terms of social media site visits.

For Generation Z and Millennials in the United States, Facebook was one of the least popular platforms used to connect with others. Gen Z and Millennials preferred video sharing platforms, specifically Snapchat, TikTok and YouTube.

Meta’s revenue

Facebook Inc was renamed as Meta in 2021, in a strategic step toward the metaverse. Meta Platforms is now the parent company of Facebook, Instagram, Facebook Messenger and WhatsApp amongst others, together being known as Meta’s Family of Apps.

Meta’s annual revenue for 2021 was 117.92 billion U.S. dollars, up from 85.97 billion in 2020. Within a decade, the company has increased its annual revenue by approximately 114 billion U.S. dollars. In the most recent fiscal year, Meta’s Family of Apps were responsible for over 115 billion U.S. dollars’ worth of Meta’s revenue.

According to Cognitive Market Research, the global wall art market size will be USD 62514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 25005.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 18754.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 14378.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 3125.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1250.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The wallpapers/stickers/wall coverings is the fastest growing segment of the wall art industry

Market Dynamics of Wall Art Market

Key Drivers for Wall Art Market

Increasing demand for home décor products to drive market growth

The increasing demand for home décor products is a significant driver of growth in the wall art market. As people spend more time at home, especially following the Covid-19 pandemic, there has been a heightened focus on creating personalized and aesthetically pleasing living spaces. Rising disposable incomes, particularly in emerging markets, are encouraging consumers to invest more in home décor products, including wall art, to enhance their interiors. Social media platforms, such as Instagram and Pinterest, have further fueled this demand by showcasing interior design trends and inspiring individuals to decorate their homes. As a result, wall art has become a popular and accessible option for personal expression. With a growing desire for unique, custom, and functional home décor, the demand for wall art products is expected to continue driving market growth across various regions.

Influence of social media on interior design trends to boost market growth

Social media has become a powerful catalyst for shaping interior design trends, significantly boosting the wall art market. Platforms like Instagram, Pinterest, and TikTok have transformed how people approach home décor by showcasing trending styles, DIY projects, and unique design ideas. Influencers and interior designers share their personal spaces, offering inspiration that encourages followers to replicate similar aesthetics. As a result, consumers are increasingly seeking wall art that aligns with these popular trends, from minimalist designs to bold, personalized artwork. The ability to instantly discover, share, and shop for décor products online has also facilitated the growth of e-commerce in the wall art sector. With social media continuing to influence purchasing decisions, the demand for trendy and customizable wall art products is expected to surge, propelling market expansion in the coming years.

Restraint Factor for the Wall Art Market

High cost of premium products to limit market growth

The high cost of premium wall art products poses a significant limitation to market growth. While luxury and custom-designed art pieces offer unique aesthetic value, their high price tags make them inaccessible to a large portion of the consumer base, especially in price-sensitive markets. Many buyers, particularly in emerging economies, prefer more affordable alternatives like mass-produced prints, posters, or wallpapers, which limits the growth of the high-end segment. Furthermore, the cost of premium products often includes factors like artist reputation, exclusivity, and intricate craftsmanship, all of which may not align with every consumer’s budget. This price sensitivity is amplified in times of economic uncertainty when discretionary spending is reduced. As a result, the market may see slower growth in the premium segment, pushing consumers towards more cost-effective wall art options, which can hinder overall market expansion.

Impact of Covid-19 on the Wall Art Market

The Covid-19 pandemic had a negative...

In the fourth quarter of 2024, Pinterest's ARPU (average revenue per user) amounted to 2.12 U.S. dollars, up from 1.7 U.S. dollars in the previous quarter. Pinterest, a social platform with an image-based concept, was founded in 2009 and is headquartered in San Francisco, California.

According to Cognitive Market Research, the global Intimate Apparel market size is USD 81258.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 32503.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 24377.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 18689.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 4062.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1625.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Premium held the highest Intimate Apparel market revenue share in 2024.

Market Dynamics of Intimate Apparel Market

Key Drivers for Intimate Apparel Market

Rising Influence of Social Media

Social networking has had a significant impact on traditional tastes and behaviors, particularly in the market for intimate apparel. Social media sites like as Instagram, Pinterest, and TikTok have emerged as key channels for marketing brands, spreading the word, and engaging customers. Social media has a large impact on the intimate apparel business, and content creators and influencers play an important role in establishing consumer attitudes and tastes, particularly those related to lifestyle and body positivity. Social media channels allow intimate apparel producers to sell their products and engage with their target audience efficiently. Using visually appealing material, brands can communicate their identity, highlight features of their new collections, and stress components of their products. This component promotes market growth and development.

Rising Awareness of Body Positivity

Another driving key factor driving the global intimate wear market is the increasing emphasis on inclusivity and body acceptance. The societal norms surrounding beauty standards are evolving, leading to a desire for intimate clothing that fits a variety of body shapes, sizes, and ethnicities. Businesses that value diversity in their marketing and product offers are able to reach a larger spectrum of customers. Emphasizing body diversity in advertising and marketing initiatives has become a powerful catalyst for empowering consumers to embrace their true selves. The intimate clothing market is largely shaped by cultural norms and fashion trends.

Restraint Factor for the Intimate Apparel Market

Supply Chain Disruptions

Natural disasters, geopolitical disputes between countries, and international health situations can all cause supply chain interruptions, posing a significant challenge to the intimate apparel sector. Because it relies on worldwide networks for sourcing and manufacturing, the industry is susceptible to supply chain disruptions. Manufacturing facility closures, shipping delays, and material shortages can all influence production timetables and inventory levels. Companies that do not diversify their supply chains or employ risk-reduction measures may be more vulnerable to external disruptions. This issue is limiting Makrut growth and development

Impact of Covid-19 on the Intimate Apparel Market

The Covid-19 outbreak caused shockwaves throughout the worldwide intimate apparel market. Lockdowns forced the temporary closure of numerous physical retail outlets. Reverse behavioral shifts in online buying of intimate clothing were seen. The stay-at-home phenomenon resulted in a substantial shift in consumer preferences, with comfort and loungewear becoming increasingly important. The market needs more useful and varied types of intimates. The more formal or ornate items sold slowly due to poor demand. Some commodities are also in short supply due to disruptions and delays in production along the supply chain. Introduction of the Intimate Apparel Market

Lingerie, often known as intimate wear, refers to a range of clothing items that comprise a variety ...

According to the Cognitive Market Research Report, the Customer Relationship Management Market size in 2023 was XX Million and is projected to have a compounded annual growth rate of XX% from 2024 to 2031. The rapidly growing popularity of customer relation management and the user-friendly and multi-channel capabilities are driving the market of customer relation management. Furthermore, the CRM market is segmented by component under which the software segment is dominant, the cloud segment is dominant by deployment type and the large enterprises dominate the organization size under the Customer Relation Management Market. Customers can choose from a variety of Customer Relationship Management software and services. CRM software provided the most revenue in 2023. This software streamlines client data management and automates sales and marketing processes. North America led the market in 2023, accounting for XX% of the total. The primary driving factors are the rising use of customer relationship management solutions by various organizations in the area that rely on modern technologies and are projected to dominate the market throughout the forecast period. The customer relationship management market is extremely fragmented since it includes both global firms and small and medium-sized businesses. Companies have made investments to include AI into CRM software. Rapid digitization creates chances for suppliers to develop. Market players are using methods including alliances, innovation, growth, and acquisitions to improve their services and create a lasting competitive edge.

Market Dynamics of Customer Relationship Management

Key Drivers

The rapidly growing popularity of Customer relation management among organizations.

As consumer dynamics change, social CRM is expected to rise to become the market's next most popular feature. Organizations of all sizes must understand consumer behaviour by considering how much time people spend on social networking sites such as Twitter, Facebook, Pinterest, LinkedIn, and Snapchat, among others. Hence, businesses have realized that these sites can be a great way to track how customers' behaviour changes and how they interpret information about goods and services. Businesses may track and analyze their market reputation by using various keywords, such as brand name and company name. Various CRM firms are increasing their global footprint through business strategies and industry trends. Many businesses say that the digital transformation has helped them improve their client experience. To deliver customer-centric services, numerous organizations are installing a CRM system that is integrated throughout the organization. CRM and other integrated technologies contribute to increased customer satisfaction, which is dependent on the fast digital transformation occurring around the world. By offering excellent consumer experiences across all communication touchpoints, customer relationship management software may give a smooth experience. CRM facilitates digitization and is projected to contribute to market growth throughout the forecast period. Moreover, customer relationship management simplifies the process of connecting with customers and offers satisfying services to them. It aids in the organization and tracking of all pertinent information concerning the principles for interacting with clients. For instance, sales managers utilize customer relationship management software to track their team's performance and automate sales tasks. Furthermore, firms pay close attention to their clients. Hence, customer involvement is becoming an increasingly important part of CRM activity. Vendors promote the availability of specialized solutions for social listening, social management, social measuring, and social monitoring, among other things. For instance, Zendesk, announced a collaboration with WhatsApp in November 2020 to allow businesses to communicate with clients in real-time, share information, and respond to messaging-related queries.

Implementing mobile-friendly and multichannel capabilities into CRM solutions to propel the market.

The growing popularity of mobile devices and smartphones has resulted in a spike in demand for mobile-friendly Customer Relationship Management modules. Clients want solutions that can be accessed and utilized on a variety of mobile devices, including smartphones ...

In the fourth quarter of 2024, social media platform and image sharing service Pinterest had an ARPU (average revenue per user) of 9 U.S. dollars in the United States and Canada. In Europe, as of Q4 2024, Pinterest had an ARPU of 1.38 U.S. dollars. Overall, the rest of the world had an ARPU of 0.19 U.S. dollars.

Market Overview: The global social networking market size was estimated at USD 38.29 billion in 2022 and is expected to expand at a CAGR of 11.25% from 2023 to 2033. The market growth is primarily driven by the increasing internet and smartphone penetration, the rise of social media influencers, and the increasing adoption of social networking platforms for advertising and marketing by businesses. The key drivers of market growth include the growing demand for personalized content, the emergence of new social media platforms, and the increasing use of social media for business and marketing purposes. Market Segments and Key Players: The social networking market is segmented based on user type, social media platform, content type, functionality, revenue model, region, and key companies. Key companies operating in the market include LinkedIn, Kuaishou, Snap, Line, TikTok, Google, Meta Platforms, Twitter, WeChat, Weibo, Discord, Pinterest, Reddit, Telegram, and ByteDance. The market is dominated by Meta Platforms, which owns Facebook, Instagram, and WhatsApp. Other notable players include Twitter, TikTok, and LinkedIn. The market is highly competitive, with numerous small and medium-sized companies also operating in the space. Key drivers for this market are: Social Commerce Integrations Live Streaming Monetization Creator Economy Expansion Virtual and Augmented Reality Integrations Artificial Intelligence-Powered Personalization. Potential restraints include: 1 Growing smartphone penetration2 Advancements in artificial intelligence3 Emergence of immersive technologies4 Increasing adoption of social commerce5 Focus on privacy and data security.

The timeline presents information on Pinterest's advertising revenue per user in the United States from 2016 to 2020. According to the estimates, the visual blogging platform will generate over 9.5 U.S. dollars in ARPU in the country in 2019, up from 7.15 dollars recorded in 2018.

According to Cognitive Market Research, the global photography studio software market size will be USD 351.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 140.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 105.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 80.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 17.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 7.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The entry level is the fastest growing segment of the photography studio software industry

Market Dynamics of Photography Studio Software Market

Key Drivers for Photography Studio Software Market

Increasing demand for professional photography services to drive market growth

The increasing demand for professional photography services is a significant driver in the photography studio software market. As businesses and individuals recognize the value of high-quality images for branding, marketing, and personal milestones, the need for skilled photographers rises. This trend is particularly pronounced in sectors like weddings, events, and commercial photography, where visual content plays a crucial role in communication. Photographers are increasingly seeking comprehensive software solutions to manage client relationships, streamline workflows, and enhance their creative output. As a result, the market for photography studio software expands to accommodate these needs, fostering innovation and improved features tailored to professional users. This surge in demand ultimately supports the growth of both established studios and emerging photographers entering the industry.

Growth of social media influencing photography trends to boost market growth

The growth of social media platforms is profoundly influencing photography trends and driving demand for photography studio software. With the rise of visually-driven platforms like Instagram, TikTok, and Pinterest, there is an increasing emphasis on high-quality images and engaging content. Individuals, influencers, and businesses seek professional photography services to create visually appealing posts that capture audience attention. This trend has led to a growing market for photographers who specialize in social media content creation, prompting the need for software that simplifies photo editing, organization, and client management. As users aim to differentiate themselves through unique and polished visuals, photography studio software becomes essential for enhancing creativity, maintaining a competitive edge, and meeting the evolving demands of social media-driven audiences.

Restraint Factor for the Photography Studio Software Market

High initial investment for software implementation to limit market growth

The high initial investment required for software implementation significantly limits market growth in the photography studio software sector. Many photography businesses, especially small and emerging studios, often struggle to allocate sufficient funds for premium software solutions. This financial burden can deter potential users from investing in advanced tools that streamline operations, enhance client management, and improve editing capabilities. Additionally, the complexity associated with these software systems may necessitate further costs for training and support, compounding the initial financial commitment. As a result, many photographers may opt for lower-cost or free alternatives, which can lack essential features, thereby hindering their competitive edge. This reluctance to invest restricts the overall adoption of sophisticated software solutions, stalling innovation and growth in an industry that is increasingly reliant on digital tools for success.

Impact of Covid-19...