Reports indicate that the number of actual social media users has surpassed 5 billion by 2024. This amounts to over sixty-three percent of the world’s population. This year’s increase is 5.7 times more than that of the previous one. An individual now spends around two hours and twenty-five minutes on social media each day on average.
Based on reports, TikTok is the most watched platform. The second social media site that users frequent is YouTube. Instagram is the most popular social media network worldwide, according to studies. The most popular social networking app of the previous year was WhatsApp.Instagram is where most people between the ages of 16 and 64 spend their time. When it comes to social media platform users, WhatsApp comes in second.
Let’s examine each social media outlet individually. Facebook’s user base has surpassed 200 million throughout the last year. Facebook is reportedly growing at a rate of about 10%. The amount of money exchanged online has nearly surpassed $720 billion.
When comparing TV to social media applications, TV has decreased by 8% this year. LinkedIn has also been expanding daily. More people than anybody else are using LinkedIn to seek work. A few more applications that have gained popularity in the past year include Snapchat and Pinterest.
