Global Influencer Marketing Industry Set to Reach $21.3 Billion in 2023, Doubling in Size

The global influencer marketing industry is on track to reach a staggering $21.3 billion in 2023, more than doubling in size in just three years. QYOU Media Inc., a company operating in India and the United States, has announced significant achievements by its India and US-based Influencer Marketing divisions. Both divisions continue to expand their client bases and capitalize on the growing importance of influencer marketing in reaching young audiences worldwide.

In recent years, the influencer marketing industry has experienced unprecedented growth, becoming a mainstream marketplace for advertisers and brands. Data Bridge Market Research projects a compound annual growth rate of 32.5% from 2022 to 2029, with the industry expected to reach nearly $70 billion by 2029.

QYOU USA, along with its subsidiaries CHTRBOX and CHTRBOX REPRESENT, has been at the forefront of this growth. Curt Marvis, CEO and Co-Founder of QYOU Media, expressed excitement about the company’s position in the market, stating that influencer marketing has evolved from being an add-on approach for brands to becoming one of the fastest-growing ad businesses in history. QYOU USA and Chtrbox work with A-list world brands, delivering audiences at scale and showcasing real engagement.

QYOU Media operates as one of the fastest-growing creator-media companies, producing, distributing, and monetizing content created by social media influencers and digital content stars. In India, the company curates, produces, and distributes premium content across various platforms, including television networks, VOD and OTT platforms, mobile phones, smart TVs, and app-based platforms. QYOU Media’s influencer marketing company, Chtrbox, leverages data to connect brands with the right social media influencers, contributing to India’s creator economy.

In the United States, QYOU Media powers major film studios, game publishers, and brands to create content and market through creators and influencers. With a team of industry veterans from Lionsgate, MTV, Disney, and Sony, QYOU Media’s millennial and Gen Z-focused content reaches over one billion consumers worldwide every month.

The impressive growth and accomplishments of QYOU Media’s Influencer Marketing divisions highlight the industry’s potential and the company’s commitment to content, community, and commerce driven by young and dynamic content creators. With a bullish outlook on the future, QYOU Media continues to develop and expand its presence in the influencer marketing landscape.

For more information about QYOU Media and its influencer marketing divisions, visit www.qyoumedia.com.