Social media is a platform that never fails to surprise. The
most you entertain your users, you will get succeed. While the giants like
Facebook, Instagram, and Twitter remain relevant here -a new contender has
entered the arena, especially among the young people- TikTok.This social media
app allows the users to post short lip-synced, music, talent, or comedy videos,
TikTok taking the social media world by storm.
Global time spent on TikTok
grew 210% year-on-year in 2019. In a market dominated by American social media
networks, ByteDance, the Chinese company that owns both TikTok and Helo, has
cut itself a large slice of the Indian market, especially outside its metros. Both
its short video sharing apps have ranked as the top two breakout social apps of
2019 in India (App Annie, State of the Mobile 2020), which also their largest
market outside china. A spokesperson for ByteDance said that increased internet
penetration and adoption of smartphones has fuelled its popularity. TikTok was
the most downloaded app in the US in October 2018, the first Chinese app to
achieve this. In February 2019, TikTok, together with Douyin, hit one billion
downloads globally, excluding the Android installs in China. In 2019, TikTok
was announced to be the 7th most downloaded mobile app of the
decade.
According to the App Annie report, TikTok has been inching
its way up the charts in western markets too, it topped the list in Canada and
was ranked number two in the US. TikTok’s explosion in India in the 18-month
period since January 2018 has expanded its reach to 30% of all Indian smartphones
as of august 2019, according to data provided by Delhi based market
intelligence firm KalaGato. With the app’s rising popularity, Indian users have
been spending more than 30 minutes a day on TikTok, ahead of both Instagram and
Snapchat. The company spokesperson said that over the last two years, popular
content creators, credible educational institutions and partners, and
celebrities have joined TikTok making it a vibrant space.
India is priority market for ByteDance, being the second
most popular market outside its home and the company has spent considerable
time understanding its need and limitations. Multifunctional and multilingual,
the platform attracts a wide spectrum of users who tap into the network for
multiple reasons. This making the platform sticky and engaging, for users, and
lucrative for brands.
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