U.S. influencer marketing spending has tripled to $7 billion in five years, with intense competition.

A report by eMarketer reveals that U.S. companies have increased their annual influencer marketing spending to $7 billion over the past five years, tripling their investment. The global influencer count exceeds 50 million and grows annually by 10-20%. Many Gen Z individuals aspire to become influencers, viewing it as a reputable career. Brands are now targeting niche audiences, but competition remains fierce for those seeking to monetize their influence.

November 03, 2024
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