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Social Media Trends That Will Influence the Market in the Coming Years

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In today's world, it's no overstatement to say that many of us spend much of our lives on social media. There is a motto among millennials, 'If you didn't Instagram it, did it even happen?'. Social media has become an integral part of people's lives and daily routines. It is not uncommon for the last action before going to bed to check the social media feeds and the first thing again after waking up. Given the importance and enormous time that we as consumers spend on social media, it is hardly surprising. Companies and advertisers use the social platforms on which their target groups are.

But the attention span of "Generation Instagram" is just as long as it takes to double-tap an image on the smartphone screen. Competition is increasing steadily, which is why profiles find it frequently difficult to be noticed by potential consumers. A clear social media marketing strategy is essential for companies.

According to smart insights, there are 3.484 billion social media users globally, which is a 9% increase compared to last year. This averages to 45% of the world's population is on social media. It also showcases that social media adoption has surpassed previous estimates, which proposed that an estimated 2.82 billion would be using social media in 2019. This indicates that brands can reach larger audiences than ever before.

Niche platforms are expected to grow

In addition to the two platforms that have always dominated the social media world - Facebook and Instagram - not only them, but several others have been able to do so in recent years. Niche social media platforms are emerging, but are also becoming significantly more popular. TikTok is one such platform that started in 2016 and rapidly grew in popularity among young people. B2B companies watch LinkedIn for their social media initiatives as the gaming community flocks to Twitch. Such small platforms should be kept in mind, as they will continue to emerge and gain popularity.

Video content will dominate

Video content is one of the most engaging content formats and is likely to soon dominate the social media world. Whether it's short films like the ones on TikTok or long-drawn-out content on YouTube: Videos are the future of social media content. Experts estimate that around 82 percent of all online content will be video content by 2022. Therefore, the growing importance of video content for brands in the field of social media is undeniable. Brands that have not yet included video content in their social media strategy should think about their video content strategy.

Convenient shopping on social media


Shopify offers small and medium-sized retailers an infrastructure with which they can start or expand their online shops. From creating the shop, selling, and marketing products to managing orders, shipping, and inventory: with this software, companies can provide customers with a practical and convenient buying experience. Above all, products can be sold directly via social media.

Snapchat is the pioneer for the merger of AR and social media. The app lets users create 3D Bitmojis by themselves and integrate them into the immediate surroundings. Filters that can be expanded with animal or facial features, for example, are also used in the real world.

Conclusion

If you haven't yet customized your marketing strategies for social media channels, you should do it for 2020. Especially when it comes to building a brand and reach, social media trends indicate that new technologies such as chatbots and AR are being used on social platforms or maybe you could develop your own app through social networking app development. In this way, you not only attract more attention to your product, but also speed up a user's purchase decision.