As a social media only agency, our favorite time of year is when we get look forward to the next year and make informed predictions about where the space may be headed.
While we don’t have a crystal ball, we have included social data and insights from eMarketer to help guide and inform our social media predictions for 2020 and trends to consider in the next year.
Let’s dive in.
According to e-Marketer forecasts, in 2020 social network ad spending as a whole (not inclusive of management or tool costs) is anticipated to grow by 20.4% compared to 2019.
Prediction: Surprisingly, there are still many brands who haven’t made a substantial investment in social media advertising – or who have kept organic efforts completely separated from paid. As we head in to 2020, we predict many of these brands taking a hard look at their social media strategies and looking for points of paid integration.
Despite Facebook remaining in the hot seat for most of 2019, eMarketer data predicts that Facebook and Instagram ad revenues will collectively increase by 20% in 2020. The chart below showcases the predicted revenues by company in 2020.
As you can see, marketers are planning to continue to invest heavily in Facebook and Instagram.
Balancing this data with the growth projections, we start to see an interesting trend. For one, we see Instagram growing more than any other network in 2020, followed by Pinterest and Snapchat. This could be a result of increased targeting and competitive ad options like dynamic targeting recently released on platforms like Snapchat.
Prediction: With the continued growth and dominance of Facebook and Instagram, we predict that many marketers are going to become wary of having too many eggs in the proverbial Facebook/Instagram basket. While these marketers are still not comfortable moving the majority of their ad spend elsewhere, they will begin to diversify by testing and learning on other platforms that offer competitive offerings.
Already, we’re hearing the
murmurs of marketers planning for the election year. On social platforms
particularly, we predict the influx of political ads on Facebook will result in
rising ad costs.
Along with these costs, we predict that social network engagement on Facebook will also take another dip in 2020. With over 73% of users strongly or somewhat agreeing that Facebook should ban political ads – advertisers may see users leaning toward passive consumption on this channel.
Prediction: Given how many marketers have a majority of their ad dollars allocated on Facebook, many will be forced to set lower goals – or increase ad dollars in the next year to meet or exceed last year’s performance. Less savvy marketers will suddenly want to switch agencies or strategies mid-year, wondering why engagement is down.
In June of this year, The Wall
Street Journal revealed Tik Tok had spent around 1 billion in advertising on
social networks like Snapchat, Instagram, and Facebook to drive new users in
With this investment, the
platform certainly isn’t going anywhere – but it does have room to truly grow
mainstream adoption in the US market.
A GlobalWebIndex report reported by eMarketer noted that despite large global growth, TikTok (combined with Douyin) reaches 12% of internet users ages 16-34.
Prediction: With the level of buzz generated by advertising and the media, early mover brands will continue to flock to the channel to gain early mover advantages. Self-service ad opportunities will fuel experimentation on the platform, but many marketers will continue to struggle with a longer-term strategy for the platform amid privacy concerns, Chinese ownership, and inconsistencies with public stats.
While everyone is hoping 2020 is
finally the year that Augmented Reality takes off in social media, we are
realistic that it’s still going to take some time to reach mainstream adoption.
As you can see from the chart below, Social Network Augmented Reality is predicted to increase steadily next year, but will still only reach around 11.9% of the overall population.
Prediction: Social networks will test a handful of “AR” use cases in the upcoming year with a handful of innovative brands. These tests will gain buzz and help slowly pave the way for new ad unit types or offerings to continue to advance.
That concludes our social media predictions for 2020. If you need help deciphering which trends to implement for your brand next year, we would be happy to help!
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