User-Generated Content Platform Market Scope and Analysis by 2030
User-Generated Content Platform Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 4.38 Billion |
Market Size by 2030 | US$ 36.20 Billion |
Global CAGR (2022 - 2030) | 30.2% |
Historical Data | 2020-2022 |
Forecast period | 2022-2030 |
Segments Covered |
By Content Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies operating in the market. A few recent key market developments are listed below:
- In April 2023, Instagram tested out a new option to help brands discover relevant user-generated content in the app that users can share as examples to promote their products in-stream better. Further, Instagram is prompting Shop managers to add user-generated content to their product listings to encourage potential purchasers.
- In November 2023, Attentive announced integration with Bazaarvoice, a provider of full-funnel authentic user-generated content (UGC) solutions that allow brands to send review requests via SMS and email. The incorporation of UGC from Bazaarvoice, such as ratings, reviews, and customer surveys, into Attentive's SMS and email platform combines two powerful conversion technologies into one unified experience for marketers. This enables brands to encourage more review generation and other types of UGC, driving more connections with customers and enriching the consumer shopping journey.
- In September 2023, Catch+Release announced the launch of an AI-powered search that lets users look for user-generated content in natural language queries. This new search engine lets consumers look for suitable content without requiring them to move from one platform to another.