93.5% of Brands Choose LinkedIn for Social Media Marketing Campaigns
With the growing penetration of the internet and handheld devices, the number of people using social media is expected to reach six billion by the year 2027, up from 4.59 billion people in 2022. As businesses can reach large audiences through social media platforms, it comes as no surprise that ad spending in the social media advertising space is projected to hit US$219.8 billion in the year 2024. It is also estimated to show growth at a CAGR of 3.86% between the years 2024 and 2028. LinkedIn for Social Media Marketing These were the results of GoodFirms latest social media marketing survey which also revealed that the main benefits of social media marketing include its cost-effectiveness, ability to improve brand awareness, increase customer engagement, and enhance customer experience. However, when it comes to determining the right platform to utilize, 93.5% of brands use LinkedIn for Social Media Marketing Campaigns. 92.8% of businesses also said that LinkedIn offered the best engagement rates for them. Instagram comes in second place for the most popular platform among marketers with 71.4% of participants saying so while 68.3% leverage Facebook as part of their marketing efforts. Interestingly, TikTok came in sixth place with only 33.9% […]