Tag: social network

Social media marketing spending will reach $36 billion in 2 years

Some of eMarketer’s latest stats are now showing that this year will already reach $15.5 billion in SMM ad revenue.

It is no great surprise that social media marketing is increasing in its use, but according to research from eMarketer, this form of advertising is also consistently breaking spending records and will continue to do so for the foreseeable future.

Advertising over SMM is expected to reach a tremendous $36 billion by the year 2017.

This represents a tremendous amount of growth from what is predicted for this year. The research from eMarketer also indicates that the social network that will be experiencing the greatest benefit from this advertising trend will be Facebook. As the popularity of these networks continues its increases among consumers, advertisers are catching on to the potential at a growing rate. This is causing them to spent more in order to be able to make contact with their target market in a more meaningful and effective way.

This year, advertisers around the globe wills spend nearly $24 billion on social media marketing.

social media marketingThe eMarketer research has predicted that this will represent an increase of 33.5 percent over the spending for social media advertising, last year. In only two years from now, the use of social media for ads and marketing will make up 16 percent of the worldwide digital ad spend.

The top spenders on SMM will be located in the United States and Canada, where it is anticipated that marketers will be boosting their payments to the various social networks by a whopping 31 percent in 2015, alone. This will bring the amount of spending on that medium up and beyond the $10 billion mark for the first time in history.

When looking at it from the perspective of the breakdown for individual users, this actually represents a spend of over $50 per user throughout the social networking universe. That amount has been predicted to rise to reach $71.37 per user within the span of the next couple of years, said the data and forecasts in the eMarketer report.

The market that will come in second for social media marketing spending in that time will be the Asia-Pacific region, where there will be a predicted spend of $7.4 billion. Third place will belong to Europe, where they will spend $4.74 billion.

Google+ is splitting up into streaming and photos

Social media marketing will be shifting into a new direction if it is to continue on that network.

The Google+ has been struggling to become relevant ever since it was first created, and now, several years later, the product vice president at Google, Bradley Horowitz, has announced that he will be taking over the social network and will be dismantling it so that it will function in a new way.

Horowitz will be taking over for David Bresbis, who had held the lead role at the social network for under a year.

While the leadership at Google+ may be interesting news, what is truly attracting attention – particularly from users and social media marketing firms, will be the new direction that is going to be taken. Horowitz now refers to the brand as being “Google’s Photos and Streams”, instead of the actual title of the network. Indeed, that social network does still exist, and from the point of view of the user, nothing seems to be different, so far. However, internally – and potentially from the user side, going forward – some considerable shifts are taking place.

The change from Google+ to Photos and Streams has now been confirmed by way of a post on the social network.

Google+ - Social MediaHorowitz posted on the Google Photos and Streams account (which is still officially known by the + name for all intents and purposes, on the user side) that he “Just wanted to confirm that the rumors are true — I’m excited to be running Google’s Photos and Streams products!” He also went on to add that “It’s important to me that these changes are properly understood to be positive improvements to both our products and how they reach users.”

While requests were made for further details about this change, responses from Google were not made immediately available and had not arrived by the time that this article was written. That said, at the Mobile World Congress, the senior vice president of products at Google, Sundar Pichai, discussed the decision quite briefly. He explained that Google Plus had always been intended to be able to provide two primary features. The first was to build a stream and the second was “what you call a social layer”. It was the sharing component that exists among the various Google products and services. “The second one is, in some ways, is an even more important role for us.”

Therefore, the intention is to organize Google+ internally to be able to support the streaming but, to a much greater extent, to support photos and communications “and you will see us evolve,” said Pichai.