Marketers to spend $1.7 billion on Snapchat advertising in 2018 [ChartoftheDay]

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Advertising revenue for Snapchat predicted to rise 2873% in the next 3 years

With over 100 million people using Snapchat each day to message friends and catch up with the latest celebrity news, it’s primed for marketers to target the 18 to 34-year-old (41% of users) demographic with advertising. According to Statista revenue through advertising is set to rise to over 1.7 billion by 2018, which is truly phenomenal but still has a way to go to rival Facebook’s $ 5.2 billion in the first quarter of this year.

Worldwide advertising revenue of Snapchat
Source: Statista

Brands that are utilising the growth of the Snapchat platform are increasingly joining forces with high-profile influencers to place their products in front of the increasingly difficult to please demographic of 18-34 year olds.

One of the most recognisable marketing activities are the sponsored lenses, which instead of turning you into a dog or a deer you can become a taco with Taco Bell, or have light shine out your mouth with Cadbury. Who wouldn’t want that?

The most staggering aspect of these filters for me is that a user will spend an average of 20 seconds playing with it, once you add in that 9,000 snaps are shared per second that provides amazing awareness for any brand.

Read our case study on how Cadbury smashed its targets by betting half its budget on Snapchat to find out how Snapchat can have real world applications for brands.


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About Author

Colin Cooper is the CEO of Boost Your Business, the leader in marketing and business development for both large and small scale businesses. As one of the most innovative marketing specialists for over a decade, Colin and his team of business and online experts collate their years of know-how and experiences with the Boost Your Business: Body Armour for Business, an online magazine created to provide a holistic resource avenue for everything business, health, and wellness.