Software testing is a crucial component of today’s digital technology industry. The market has undergone significant transformations in the last few years, resulting from tech advancements, regulatory changes, and ever-changing business requirements.

The main reasons for the industry’s and market’s growth include the adoption of automated testing tools that expedite time to market and the early implementation of testing protocols.

This post discusses the market’s size, key markets and industries, tools, and key players. We’ll also explore software testing automation and forecast possible future trends in the software testing market. Let’s dive in.

Key Software Testing Market Statistics

Software Testing Market Size & Forecast

According to an April 2024 report by Techavio, the software testing market is expected to reach $15.94 billion by 2027 at a CAGR of 9.22%.

The most significant drivers of this growth include the following:

We previously covered the DevOps market statistics and saw that this methodology is gaining popularity, especially in application security testing.

We also saw that other methodologies, such as Agile, play a big role in IT. Regarding software testing specifically, Agile is forecast to be big in software testing automation – something we’ll cover in more detail later in this post. 

Key Software Testing Markets

In this section, we’ll look at the key software testing markets: the key industries impacted by software testing, the largest regional markets, and software testers themselves.

Industries

Tech, Fortune 500 companies and the finance industry were the areas most software testers worked in 2021.

Given the significant need for secure and robust software solutions, banking, insurance, and finance industries (BFSI) have a 28.5% share in the European software testing market. Other major industries are healthcare and life sciences, retail, and telecom and IT.

The BFSI sees a lot of security, compliance, and performance testing. Below is an overview of the most prevalent types of software testing across different industries.

Regions

Unsurprisingly, the North American software testing market is the largest, given that most IT providers are headquartered there.

The constant investment in R&D and digital technology in the US isn’t hurting growth, either. According to Techavio, North America contributes 40% to the software testing market.

Europe isn’t far behind, being the second-largest software testing market in the world. On the other hand, the Asia-Pacific software testing market reportedly has the highest CAGR. China’s market is forecast to grow at a 4.5% CAGR and Japan by 4.1% by the end of 2023.

For instance, Europe’s software market revenue is forecast to reach almost $200 billion by 2028, up from $157 billion in 2024.

Software Tester Statistics

But what about the people behind software testing?

Ireland has the highest number of software testers per 100,000 people (61.2%), while the US and Canada have almost half as many (37.1%). 

Regarding salaries, software testers earn a reasonable living in many countries:

As for demographics, it’s estimated that in 2021, 62% of software testers in the US were men, and 38% were women. The number of women has grown by almost 15% since 2017.

An average software tester in the US is in their early forties. Only 9% were under 30 in 2021. 

Software Testing Automation & Technical Statistics

In this section, we look into the technical aspects of software testing and highlight automation statistics. After all, automation is a priority for many testers today – as many as 30%.

Types of Software Tests

In 2023, unit testing was the most common type of software test. It involves testing the smallest functional segment, or unit, of code. In 2023, it was used in 63% of all software projects.

Functional software testing, which essentially determines that ‘everything works as it’s supposed to, is another common type of software testing. In 2023, it was used in 62% of projects – 10% less than in 2022.

Other common types of software testing are performance, regression, and acceptance testing. The latter, which tests whether the software has met the requirements of a contract or specification, saw the biggest drop in popularity.

Mobile testing is becoming increasingly popular, as more software providers embrace mobile technologies. Perfecto reports that 34% of organizations consider mobile software testing highly important.

Automated Testing

Software tests can be performed manually or automated. However, automation is all the rage right now, and the software testing market is no exception. 

PractiTest reports that in 2024, 30% of testers reported that automation had replaced 50% of their manual testing – 6% more than in 2023.

In 2024, automation replaced 75% or more of manual work for 19% of testers. Only 9% of software testers had no automation in 2023 and 2024. 

Conversely, only 2% of testers say that automation has fully replaced manual testing. That signifies that despite many advancements, full automation of software testing isn’t a reality.

Nonetheless, lack of automation is the second-highest concern for testing teams, as 47% expressed frustration with their lack of resources to create test automation.

Automation skills are in demand in 2023–2024, with around 50% of enterprises reporting the need for test automation skills. Other in-demand skills in 2024 are AI/ML testing – 21% of enterprises require it this year, up from 7% last year.

API testing was automated by the largest share of testers in 2023 – 84%. User interface testing was automated by 52% of testers, and desktop tests by 16%. 40% of testers automate testing continuously and 38% at set milestones.

Software Testing Tools & Key Players Statistics

A PractiTest report states that Jira is one of the most popular software testing tools in 2024, followed by Selenium and Postman. In 2020, JUnit and Selenium’s Web Driver were the most popular testing frameworks. 

Future of Software Testing

In this final section, we consider the possible future trends impacting the software testing market and analyze the extent to which they’re having an impact.

Increased Adoption of Agile and DevOps

Agile and DevOps are the most popular software development and testing frameworks in 2024. That’s no surprise, as they’re very effective at reducing time to market and helping IT organizations operate more effectively.

In the future, we expect Agile and DevOps principles to be adopted even more widely among software teams, blurring the lines between developers and testers.

This can only be a good thing, as it allows significant upskilling for both types of professionals and facilitates end-to-end software delivery.

Accessibility Testing

The issue of accessibility is significant in today’s society, and software testing is rising to the challenge.

It’s great to see that in 2024, 33% of software testing teams invest in accessibility testing.

With the makeup of decision-makers becoming increasingly diverse around the world, we welcome the improvements to the user experience they’re driving – not only to meet specific legal requirements but to improve the experience of all people around the world.

AI Use in Software Testing

Like other markets, advancements in AI are impacting software testing. Although 60% of testers don’t yet use AI for testing, 25% use it to create test cases, and 23% to optimize testing.

Over 50% of testers believe that AI will improve the efficiency of test automation and 41% foresee AI will be able to provide more complex test cases, ensuring better-made software.

Concluding Thoughts

This guide explored the software testing market, relevant statistics, and possible future trends. We saw that the market is witnessing significant growth, and the Agile and DevOps methodologies are important drivers of it.

Although many software testers work in the tech industry, banking and finance have a 28.5% share in the European software testing market. Other prominent industries for software testing are healthcare, retail, and education. In terms of market size, the North American market is the largest one.

We put a significant emphasis on automation in software testing because it’s getting increasingly prominent in the field. It replaced 50% of manual software testing for 30% of testers in 2024 and is on track to make the lives of many more software testers much easier.

So, we’re convinced that automation and AI are going to be the future of software testing, penetrating most, if not all, of the manual testing market. We look forward to seeing how they can optimize the work and improve bug squashing.

References

The post Software Testing Market Statistics – Key Trends & Figures For 2024 appeared first on The Tech Report.

Machine learning is the process by which a computer system converts data into valuable assets. Estimates indicate that automation will affect 38% of US jobs by 2030.

These machine models learn and adapt by following algorithms, analyzing data, and drawing inferences. They copy every smart part of human behavior. They do this in complex tasks faster and better. Today, more than 80% of companies and businesses need employees with machine learning skills.

Technology improves. Humans must constantly learn all there is to know about these machines to get to know them. This article discusses interesting facts, statistics, and machine learning trends. We will cover notable areas. These include market size, adoption, sales, benefits, and business applications. So, reading to the end will be of great help to you. Let’s start.

Top Statistics on Machine Learning

1. 41% of product consumers think that AI can aid them in making better shopping decisions.
2. Approximately half of the insurance companies in Russia integrate their cloud technology using machine learning.
3. Over 90% of businesses worldwide are delving into AI investments.
4. 62% of insurance companies in Russia integrate machine learning into their online chat systems.
5. Machine learning has slightly declined in its maturity when weighing its maturity.
6. A little below 10% of businesses implement machine learning as a customer support feature.
7. It is a common belief among experts that machine learning grew to be more mature at the end of 2021 than in 2020.

Market Size, Share, Growth, and Trends of Machine Learning

8. There Was a General Expectation in 2019 That 71% of Companies Would Increase Their Budget on Machine Learning.

This was due to how widespread the tech was getting, and companies that were yet to integrate it into their services lagged.

9. Experts Analyzed 2% as the Percentage of Companies Without an Elaborate Budget for Machine Learning in 2019.

These set of companies were either start-ups or companies not directly in line with tech releases, so they spent less on machine learning implementation.

10. In 2021, the Estimated Market Revenue of the Chip Market Was Approximately $4.38 Billion.

The chip market bubbled this much due to its usefulness to data scientists and analysts who needed to register their data into the chips.

11. The Chip Market’s Worth is Expected to Climb by 2027, Generating Revenue of at Least $21.31 Billion.

At this time, the spread of machine learning and digitalization would be so prevalent that every major development would require a chip. This statistic also shows a potential 400% increase between 2021 and 2027.

12. The Research and Development Sector has an Adoption Rate of 71% for Machine Learning and Data Science.

This gives an insight into the type of improvements we should expect in the future and shows how much knowledge has been consumed so far.

13. In 2019, System Applications Designed by Machine Learning Raised Funding of $28.5 Billion.

These applications were in their multiples and had quite an expensive development process. It’s worth noting that the software is not specific to them and launching required major funding.

14. The Funding Required for Machine Learning Platforms in 2019 Totaled About $14.4 Billion.

Platforms were funded less than applications because applications require more complex processes to set up, especially considering operating system varieties.

15. In the First Half of 2021, Over $28 Billion had Been Invested in Machine Learning Worldwide.

The exact sum is $29 billion, which shows how much the technology was adopted in 2021. At this point, it is intriguing to imagine the total sum spent in that same year.

16. Between 2020 and 2021, Budgets That Accommodated Machine Learning Stretched With At Least a 25% Increase.

This shows the transition from 2020 to 2021 and further backs up the fact that more money was channeled into the sector in 2021.

Machine Learning Adoption Statistics

This section touches on accepting technology into different industries, regions, and among humans in general. It covers the time machine learning started to spark significant interest and the updates since then.

17. At Least 73% of Companies Use Machine Learning Technology to Prevent Cybercriminals.

This fact goes a long way to show the benefits of this aspect of technology and how companies have embraced its usefulness. Undoubtedly, 73% is a large percentage, and more companies are joining the moving train.

18. However, 25% of Companies Use Other Forms of Protection Against Cyber Criminals.

This percentage shows that more people are rooting for the technology and are eager to use it. With time, companies under this 25% may find themselves tilting to the bright side of machine learning and doubling their cyber security.

19. In 2018, Machine Learning was Specifically Adopted to Offer Better Analysis of Problems.

This shows why the technology was required and brought into the limelight. Users and companies found immense benefits in analyzing data like an intelligent entity and decided to implement its practices in real-life situations.

20. Security was Another Behind Adopting Machine Learning as a Vital Business Technology.

Security has always been a concern worldwide, especially when protecting companies’ or users’ personal data. People are very sceptical of online privacy, which was enough reason for machine learning to buy into their hearts. Hence, no matter the costs, the technology was rooted for and adopted as part of several business development models.

21. Machine Learning has Been Noticeable in Australia Since 2017, When 39% of Smartphone Users Actively Used Predictive Text.

Predictive text is the ability of your phone to curate the next word you wish to write after a couple of sentences or a string of words. The technology has been in vogue for a long while now, far back as 2017, in regions like Australia, and over 39% of smartphone users there have gotten used to it.

Important Machine Learning Statistics

22. About machine learning, about 20% of Australian smartphone users actively used route suggestions in 2017.

23. Presently, it is noteworthy that 57% of businesses are optimistically engaging in improving current technology and adding machine learning to their business.

24. Active businesses in the US have implemented a few forms of AI, estimated to be 80%.

25. About 37% of active businesses in Asia have enthusiastically promoted the use of some noticeable forms of machine learning.

26. Most businesses in Europe didn’t use machine language normally; just 29% of businesses adopted some form of those mentioned above.

27. Small businesses were in favor of investment. Sadly, in AI, 44% of bigger businesses lost out to them because they refused to invest in AI.

28. Consumers being inquisitive about luxury and comfort would use a voice-activated app in their cars, and this is an estimation of 51 percent.

29. In 2024, voice assistants will be used by approximately 8 billion people.

30. The strenuous limitations for machine learning implementation are achieving alignments across the organization (34%), scaling (43%), and, of course, the vision of the future models, which would be (41%).

31. Machine learning and AI have been noticeable deployment in about 44% of their organizations.

32. Customers had already used a platform linked to AI technology without their knowledge, which is about 44% of customers in estimation.

Machine Learning Benefits Statistics

33. Regarding cost reduction, 38% of companies use machine learning as a tool for cost reduction.

34. Businesses provide better customer services when they key into machine language, which is 34% of businesses.

35. 27% of companies have benefited from machine language as it helped them find and end fraud in their companies.

36. Machine learning helped Netflix to save $1 billion and above.

37. When machine learning is used in Google transactions, error reduction is evident at 60%.

38. In prediction, during the COVID-19 pandemic, the accuracy of the infected patients, when using machine learning, was 92% true.

39. 82% of cybercrimes can be prevented when using AI.

40. Machine learning became a helping mechanism for over 65% of businesses in their decision-making.

41. Despite speaking to real operators as the customer service provider, 43% of customers preferred using chatbots.

42. In the future vision, business profit would increase by 38%, and $14 trillion would be added to the same business by 2036.

Machine Language Business Statistics

43. Machine learning is an important factor in how businesses will be conducted in 2024, and 62% of business leaders support this.

44. In 2019, 55% of machine learning and AI were done on a private cloud.

45. More than 1928 patents for machine learning belonged to the NTT.

46. More patents of machine learning belonged to Microsoft in 2011.

47. In November 2020, IBM owned more than 55% of the machine learning patents; it is noteworthy that Microsoft owned 5400.

48. House machine learning was used in inner businesses by 31% of retailers in 2018.

49. 34% of businesses confirmed that machine learning and the clarity it gave was trustworthy in 2018.

50. With the help of AI, business productivity has skyrocketed by an estimated average of 45%.

51. Risk management makes use of machine learning, and this is estimated to be 81%.

52. Artificial Intelligence and machine learning are used in about 44%ofn analyzing and giving feedback.

53. The prediction of the stock market increase and decrease by Azure Machine Learning Framework can be estimated with 62% accuracy, which is a huge favor.

54. Most businesses have had extensive experience working with machine models in the past, which, in estimation, is about 54; it is understood that only a few, about 40%, cross-check whether their model is as accurate as it should be.

55. Most businesses don’t check their learning models in machine learning; there are just a few, in a nutshell, only two.

Machine Learning Sales Statistics

56. The limitations faced by machine learning in business are poor data quality (43%), the quest to find qualified data scientists (33%), and a lack of data (38).

57. Customer services are not done physically or within thumb capacity; this accuracy is 85%.

58. 53% of companies use AI throughout their business endeavors, about 53% achieve normal economic benefits, and 30% achieve impressive economic profits.

59. Most business owners have high faith in AI as a huge assistance to their staff, and the accuracy for this is about (27%).

60. In the quest for task reduction that doesn’t profit the business, business owners use machine learning, like scheduling (79%), timesheets (78%,) and also paperwork (82%), which are part of the reductions.

61. AI personal assistance (31%), including data analysis (29%), is the business owners’ hope to make an exemption from machine learning.

62. Machine language and AI are expected to contribute 14% to GDP.

63. Worldwide, about 29% of establishments have an undeniable record of using machine learning in their sales procedures in 2020.

64. An estimated 80% of enterprises believed that machine learning had greatly increased their revenues.

65. An estimation of 70% of all times can be ended with AI sales teams.

66. There can be a reduction of an estimated 60% in customer acquisition costs with AI.

67. A 50% lead increment is possible when using AI.

68. It is recorded that an increment of sales by 67% can be achieved when using chatbots.

69. 49% of customers would positively buy more often, and 34% would make higher purchases when AI is executed into the sales price.

70. 57% of customers expect that the companies they patronize would envision their wants before communication.

Machine Learning Marketing Statistics

71. 43% of millennials are ready to make extra payments for special customer service, including human communication and machine learning.

72. An estimated 55.5% of content creators use Machine language and AI to include more excellent results.

73. It is noteworthy that Amazon has benefited from machine learning, and their customers now make purchases in just 15 minutes instead of the normal 75 minutes.

74. Machine learning and AI have been a major help to 87% of marketers in improving marketing via email.

75. There is a high probability of marketing heads making a report concerning their investment in machine learning.

76. As of 2021, AmazonGoo stores were influenced by AI, and there were about 3000 in the US by the end of 2021.

77. Prodigies shipped in a day on Amazon can be estimated at 10 million products, all accolades to AI execution at their fulfillment centers.

78. Marketing professionals are always failures whenever they attempt to improve their data processing, wasting about five and a half hours with no positive response.

Machine Learning Job Statistics

79. In Google’s lung cancer findings, AI can perform more efficiently than six human radiologists.

80. Employers are requested to learn machine learning skills in high demand.

81. In 2020, 98,000 jobs had their publications on LinkedIn, and the requirement was knowledge of machine learning.

82. There was a rapid search for a data scientist from 2011 to 2019, with about 650% of vacancies on LinkedIn.

83. 39% of businesses look forward to recruiting massive additions of data scientists to their groups.

84. Only 1% in 5% of business owners have faith in their data scientist team’s ability to have a working relationship with AI.

85. Because the staff work 40-hour shifts, 12.5% of their time is wasted on data collection.

86. In estimation, AI models have eliminated 1.8 million jobs and are still looking forward to creating more than 2.3 million more.

Machine Learning Talent Statistics

87. In estimation, only 4.5% of US data scientists sent feedback on their working relations in specialty to machine learning engineers.

88. US-based data scientists earn $120,000 as an average salary.

89. Companies have an estimation of one to ten data scientists on their payroll. This is estimated by half of US business owners.

90. More than 10 data scientists were employed by 18% of US companies in 2018.

91. 39% of US companies employed more than 19 data scientists in 2020. This number recording process was just two years ago.

92. There is an alarming struggle to find talents essential for data scientist teams.

93. Data scientist has (81%), machine learning engineers have (39%), and deep learning engineers have (20%) of job opportunities in machine learning.

94. Machine learning, deep learning, and language processing are monster.com’s three essentials and high-demand skills on monster.com.

Machine Learning Application Areas Statistics

95. For Oryx users, machine learning was the least important.

96. There were 850 voluptuous stories during the 20-6 US presidential campaign and the Rio Olympics.

97. In the highest establishments of machine learning, business analytics has the majority establishment, which is (33%), followed by security (25%) and marketing (16%).

98. 58% of business owners who knew about machine learning affirmed that there was a high demand for a machine model in their production.

99. In estimation, about 87% of business owners intend to use machine learning in their sales department for casting and email marketing.

100. Mentally alert and knowledgeable speakers are quick to become the world’s fastest-growing sector worldwide in partnership with the US, China, and Korea, leading them all.

101. Machine learning is more free from error than human lip-reading.

Machine Learning Voice Assistant

102. 51.1% of machine learning environments are helpmates to speech finding.

103. AI-powered voice assistants are now being used by about 97% of smartphone users in estimation, which is the future and hope of machine learning statistics.

104. The number of mergers and acquisitions of businesses related to machine learning has been increasing rapidly since 2011, when 278 companies purchased in just 2019.

105. By next year, 2025, there is a high estimate that 75% of all elderly product care will be available in AI in Japan.

106. The machine learning industry is estimated to grow by 42.08% by 2024 compared to 2018 figures.

107. It is highly estimated that machine learning will be worth a $13 trillion market by 2030.

Conclusion 

AI and machine learning will be of high importance and necessity for enterprises in the future. With the right actions, businesses accept cost increases and revenue savings. The statistics outlined in this article show how far machine learning has come.

Its use and benefits vary from region to region, showing how much people have grown to love the technology. It has also worked to make itself fit for many industries. These range from voice assistants to marketing, sales, and job security. The AI tech encourages people to learn skills. Once they do, the business of machine learning becomes easier to adapt and remake in other untapped areas. Ultimately, experts project that machines will take over tech in a few years. So, the least anyone can do is follow the trend.

FAQs

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The Etsy marketplace offers antiques, handmade items, and supplies to a global audience. It’s a sure plug for anyone or business looking to spread the uniqueness of the arts, collectibles, accessories, etc. Reaching millions of likely customers takes just a couple of minutes.

Etsy statistics show that the number of active buyers has increased by 101% since 2019, from 45.7 million in 2019 to an all-time high of 92 million in 2023.

Things have become easier since the entry of e-commerce platforms like Etsy into the business world; even the hassle of reaching a wider audience has been simpler. Etsy was created to earn from your art without stress. Let’s examine the statistics that reveal Etsy’s ins and outs and how you can harness its great aura for your business.

Key Etsy Statistics 

1. Etsy processed a total sales volume of $10.28 billion in just 2019.
2. The company worked hard in 2020 to increase its revenue to $1.72 billion at the end of 2020.
3. In the course of its operation over the years, Etsy has gathered as many as 4.36 million sellers.
4. There are 81.9 million people who browse through the Etsy marketplace for items of interest.
5. A team of 1,209 people works under Etsy daily to give you the best services.
6. It drew the attention of investors in 2021, when it climbed into fourth position as the world’s fastest-growing e-commerce firm, trailing only behind Apple, Amazon, and Chewy on the global stage.

General Etsy Statistics

1. Etsy had a Great Sale Throughout 2020, Ending With $10.28 Billion.

What a great year it was for all the workers and sellers on the Etsy platform. 2020 closed with $10.28 billion, more than the previous year’s total.

2. Its Earnings in One Year Closed at $1.72 to the Delight of All and Sundry.

The company in 2020 had a massive revenue to its name at $1.72 billion. This was much more than it ever made the entire past year.

3. Over its Years of Operation, it has Gathered as Many as 4.36 Million Sellers.

Like a popular adage, whatever is of great value attracts the high and mighty. This is the case of the beloved Etsy, which has 4.36 million sellers.

4. There are 81.9 Million People Who Browse Through the Etsy Marketplace for Something of Interest.

Etsy has something for everyone, which is no surprise why 81.9 million buyers do their shopping on Etsy.

5. Up to 1,209 Employees Work in Etsy to Give You the Best Services Each Break of the Day.

Every good company owes its great service delivery to workers, and that is what 1,209 Etsy workers offer to all.

6. Etsy Attracted so Much Attention in 2021 When it Climbed to Fourth Globally, Behind Amazon, Apple, and Chewy.

The world saw a great turn of events in e-commerce with the placement of Etsy as the fourth-best company.

Seller Statistics on Etsy

7. Etsy Had as Many as 2.16 Million New Sellers Added in 2020.

Up to 2.16 million people became sellers on the Etsy website in 2020 alone.

8. It is a Global Platform With Sellers Across 234 Countries.

Etsy provides a platform for sellers in 234 countries to sell their products to a global audience. This shows that Etsy’s market has a wide reach, reaching millions of audiences in several corners of the world.

9. The United Kingdom is Home to 30% of Sellers on the Etsy Platform.

The United Kingdom, with 30% of global Etsy sellers in 2020, came second after the United States.

10. Top Etsy Shop Earners Get At Least $100,000 Yearly.

Some people earn $100,000 and even more from putting their wares on Etsy.

11. California Has the Highest Percentage of Etsy Sellers in the United States, With 14%.

To the surprise of many, California recorded 14% of Etsy sellers in the US in 2022. The country had as many as 62% of global Etsy sellers within that period.

12. Up to 61% of All Merchants Sell Their Items on Other Sites.

Many people selling their wares on Etsy do not just rely on its sales. These persons (61%) employ the services of other channels to drive higher sales.

13. In 2022, as many as 97% of Sellers Ran Their Etsy Shop From the Comfort of Their Homes.

In 2022, many sellers on the site closed all sales deals from their homes. These people accounted for 97% of Etsy sellers worldwide. Up to 82% of Etsy stores were maintained by a single person that year.

14. Women in 2022 Accounted for 80% of Active Global Sellers on Etsy.

Females outdid themselves in 2022 with an active presence on Etsy. They comprised 80% of the total population of sellers on the Etsy website.

15. Its Sellers Grew to Reach 2.5 Million at the Close of 2019.

Active sellers on Etsy outgrew the 2 million benchmark in 2018 to hit 2.5 million at the end of 2019. This sharp increase shows that Etsy has exceeded many people’s expectations. The company recorded just 9.3 million buyers in 2012 but has grown in leaps and bounds, rising to 44.20 million buyers at the end of 2019. It is a display of outright success quickly, to the delight of sellers.

16. An Average Etsy Seller is a Youth of About 39 Years of Age.

Many Etsy sellers are youths searching for better ways to earn from their arts and craftwork.

17. Around 56% of All Sellers on the Site are College Graduates.

Around 56% of sellers on Etsy have a college degree. An education allows them to drive better sales deals on Etsy.

18. Up to 51% of Sellers Depend on Etsy to Earn a Decent Income.

The next meal for 51% of Etsy sellers can only come after selling through the site.

19. Gross Merchandise Sales Rose to Nearly $5 Billion at the Close of 2019.

Etsy has been steadily increasing its GMS volume since 2005. Though starting with sales below $200,000, it rose to about $5 billion at the end of 2019.

Etsy Buyer Demographics

20. Etsy had About 92 Million Buyers Who Purchased in 2022 Alone.

All through 2022, just around 92 million people purchased on the platform. This was a fall from 96.34 million active buyers the previous year.

21. The Pandemic Can Have Fueled the Volume of Etsy Sales.

Sales shot up like never before as buyers turned to the platform for facial masks and home fittings. Not only did face masks sell, but other items had increased sales by 93% during the period. Simply put, just 7% of consumers bought face masks from Etsy in the second quarter of the year.

22. Up to 40.1% of Etsy Active Buyers Made More Than One Purchase Within the Year.

Active Etsy buyers, representing 40.1%, made more than one purchase in 2018, up from 39.6% in the previous year. This means that a good number of Etsy buyers make repeat purchases every year.

23. As Huge as 50% of Etsy Shoppers in 2018 Were Unlikely to Buy Items With High Shipping Costs.

Up to 50% of shoppers in 2018 said they would unlikely buy a piece with a high shipping cost.

Etsy Shop Statistics

24. The Average Percentage of Successful Etsy Purchases Lies Between 1 and 3%.

A good number of completed Etsy purchases is between 1 and 3% conversion rate in most cases.

25. In 2022, the Company Spent $581 Million on Marketing and Advertising Alone.

Etsy spent almost $581 million on marketing and advertising in 2022, an increase of 4% from the previous year. The company spent a whole $560 million in pushing its marketing and advertising vision in 2021.

26. The Amount Charged for an Offsite Advert, Subject to Your Revenue, is 12% to 15%.

Sellers are charged offsite ad fees based on the volume of revenue their Etsy shop makes in a year. Etsy shops that make $10,000 or more are charged a 12% discount. Those whose shops make less than $10,000 must pay 15%.

27. The Average Seller Costs $0.20 to $0.50 for Every Etsy Ad.

The average seller spends $0.20 to $0.50 on every Etsy ad.

Etsy Product Statistics

28. Sellers List More Than 60 Million Items on Etsy.

Etsy is a large marketplace that covers over 60 million listed items.

29. The Platform Has to Credit Over 50 Kinds of Products on Display.

More than 50 kinds of items on Etsy are put on display for shoppers to choose from.

30. Homewares and Home Fittings are the Greatest, With Annual Sales of $3.2 Billion.

Etsy’s earnings from homewares and furnishings are the highest so far. It raises as much as $3.2 billion from these items every year.

31. Up to 80% of All Sales Come From the Top 6 Etsy Categories.

The highest-selling Etsy categories are apparel, party and paper supplies, personal and beauty care, craft, private and jewellery accessories, homewares, and furnishings. These six categories account for 80% of the site’s general sales.

32. In 2020, the Search for Face Masks on the Etsy Marketplace Brought in Sales of $743 Million.

Sales skyrocketed in 2020 as shoppers scrambled for face masks. This single act pushed Etsy sales to hit $743 million.

33. Personalized Gifts Topped the Search Trend of Customers in 2020.

Tailored gift items had the top spot of Etsy shoppers’ searches in 2020.

Etsy Web Statistics

34. Mobile Device Transactions Make Up 61% of All Etsy Sales.

As high as 61% of Etsy sales can be traced to a mobile device. This means the company makes $6.27 billion every passing year.

35. More Than 32 Million People Use the Etsy Mobile Application Monthly.

The Etsy mobile application is used by more than 32 million people worldwide.

36. Etsy Entered the Stock Market in 2015 With an IPO of $16 a Share.

The company entered the stock market 2015 with just $16 a share. This did not last long, as it rose to $294 towards the end of 2021. Its share went downhill at the kickoff of 2022, and by May, it was at $82 a share.

37. International Shoppers in 2020 Produced 36% of All Product Sales.

At the close of 2020, global shoppers had sold $3.7 million in products, 36% of all sales made during the period.

38. Three Main Sources of Income are Marketplaces, Vendor Services, and Other Fees.

Marketplace was the largest among the lots produced in 2020, with $1.3 billion. It had 75.58% of all sales made during that time. Vendor services did pretty well, with sales of $422.5 million at the close of 2020. These services came through marketing, shipping labels, and the Etsy design site.

Conclusion

Owning an Etsy shop is a great way to relieve the stress of finding customers. It connects you to buyers from anywhere worldwide, allowing you to focus on creating and sourcing the best offerings for your customers. What’s more! You can maintain a shop from the comfort of your home. This saves you the hassle of an early morning rush to a physical store. It is a global marketplace with a large array of listings that fit into your niche. Take advantage of the large number of active customers to create an income stream. Like many others on Etsy, you can earn a decent income while doing what you love.

FAQs

References

The post Key Etsy Statistics 2024: Unveiling the Latest Trends and Insights appeared first on The Tech Report.

After the global pandemic, many people had no choice but to find a way to work remotely using the Internet as their medium. This proved helpful as companies and brand owners continued conducting business with the help of video conferences and tagged webinars, which could be used for meetings, creating awareness of products and services, or training people on how to run a business.

Nine out of ten B2B professionals prefer webinars, and less than 50 live attendees are present in 83% of webinars. This article focuses on webinar statistics and what makes them proliferate. Fasten your seatbelt as we unfold intriguing facts about webinars you probably didn’t know about and how they can help your business or career.

Key Webinar Statistics

1. About 78% of brand owners use a specific Webinar platform and avoid video-based ones like YouTube and Vimeo.
2. The market size of global live Webinar software was around $428.5 million as of 2021 and is expected to surpass the $611.28 million mark by the end of 2028.
3. The platform has made its mark, with 91% of users acknowledging how it has made their business successful. We should point out that such good reviews have increased by 10% since 2019.
4. Webinars have become good for marketers; about 70% have combined their software with other automated marketing platforms.
5. Emails have proven to be the most effective way to promote the platform, among other methods of using webinars.
6. After-lunch-time has become the best time to launch the webinar.
7. People respond to webinars more on Wednesdays than on other days, with an engagement rate of 26%.
8. Weekends appear to have the lowest response to webinars, with a response rate between 1 to 2%.
9. About 60% of webinar users aim to turn their audience into loyal customers.
10. According to reports, 57% of brand owners have at least 50 people as an audience in a year.
11. Of the audience attending webinar seminars, 17% eventually signed up for the program.
12. It has proven to be the best way to generate high-quality leads; at least, that’s what 73% of brand owners and B2B traders think.
13. Emails are such an important tool on Webinars that about 60% of people who register on the platform do so through this medium.

Most Important Webinar Statistics

14. The platform is lucrative for brand owners, and the conversion rate (turning the audience into loyal clients) is as high as 51%. 

15. 60% of such programs are hosted to provide content for the audience from when they are curious to becoming ardent customers.

16. Programs from the platform focused on marketing attract people with an attendance record of 44%. 

17. Studies show that 95% of entrepreneurs see the platform as an important tool for their marketing plans. 

18. A survey by InfluNo shows that almost 90% of business owners acknowledge the platform is the best way to grow their business. 

19. Regarding managing their business platforms, 68% of brand owners prefer to do so in-house instead of outsourcing their content. 

20. About 20% of entrepreneurs use outsourced teams and in-house Webinars. 

21. While outsourcing, 9% of companies use external providers. 

22. Technology companies and SaaS host 26% of seminars on the platform.  

23. It’s interesting to know that nonprofit organizations, tourist platforms, and real estate make up less than 2% of businesses on Webinars. Still testing the waters. 

24. Consulting companies make up 11% of businesses on the platform. 

25. Brand owners who provide financial services contribute to 12% of seminars on the platform. 

26. Most seminars on webinars are commonly B2B marketing, and about 61% of business entities fall into this category. It stands for transactions between two business companies where one provides raw materials while the other buys them to create products to appeal to their target audience. 

27. About 73% of business entities that transact with other businesses admit that webinar is the best way to create quality leads with guaranteed responses from the audience.

Statistics on Webinar Schedules and Conversion Rates

28. Including on-demand videos has been found to increase sign-up rates by 43% and increase the audience’s attendance. 

29. 28% of brand owners expect to host between 6 and 10 seminars annually, while 15% look at 11 to 20, and 24% are between 21 and 50. About 5% expect to host between 51 and 100, while 9% target 100 and above. 

30. At least a seminar is hosted by 14% of businesses on the platform. 

31. Mornings have proven to be a lucrative time during the day for attracting attendance, with 93% of webinars becoming huge successes during that period. 

32. To be precise, between 10 and 11 am is the best time to host a seminar in the morning. 

33. The audience’s attention is at its best within 45 minutes, which 44% of the audience say is their preferred duration.

34. By default, 1 hour is the standard time a seminar should last.

35. A shorter period of 30 minutes is usually favored by 41% of consumers on the platform. 

36. Most people on the platform don’t like it when it is 1 hour and above, as only 10% of the audience would go for it. 

37. Also, most hate it when the seminar is very short. Only 5% of attendees love such brief programs.

38. For webinars that last up to 1 hour, 67% of potential clients eventually sign up. 

39. We were surprised that a shorter time frame of 30 minutes convinced only 8% of folks to sign up. 

40. 63% of the audience becomes active on the platform during seminars that discuss pharmaceutical points of view, despite most seminars in this category lasting only 20 minutes. 

41. The advertising genre on Webinars captures the interest of about 33% of the platform’s users. 

Statistics on Webinar Goals

42. Websites are used by 80% of marketers on B2B for registration. 

43. About 60% of companies emphasize retaining their customers as a top priority. 

44. 35% of business owners admitted their aim for such seminars is to promote their services and pique the interests of their audience. 

45. About 19% of brand owners say their motive is to get people involved in the program and loyal to the platform.  

46. 10% of companies use webinars to analyze their marketing efforts. 

47. Getting certified has become a strong motive for 5% of business owners operating on the platform. 

48. Marketers on B2B average raise business interests ranging from 500 to 1000 on Webner. 

49. 75% of people who use webinars do so to develop their business ideas on the platform. 

50. It’s fascinating that 31% of companies use the platform for onboarding schemes. 

51. 29% of brands are on the platform to create demand from their audience through marketing. 

52. About 8% are there for press events, while 10% are for internal meetings. 

53. As much as content is very important, about 32% of the audience acknowledge that a host that presents content excitingly and effectively keeps them engaged on the platform. 

54. On the importance of content, 38% of the audience say it’s the main reason they are on the platform in the first place. 

Statistics on Webinar Content

55. An important point is that 92% of people who attend Webinars say the question-and-answer sessions are highly useful to them. 

56. About 61% of brand owners create content used for marketing strategy as their reason for being on the Webinar platform. 

57. As a result of building content, webinars have become the ten most popular types of content for marketing purposes. 

58. The recommended number of pages for the registration form is 5 to 6. Please resist the temptation to exceed the number of pages with information, as this could have the opposite effect, making it an arduous task for people. 

59. Some producers on Webinar platforms are known to earn up to $85,000 in a year; at least, that’s what some are paid in Washington, DC. 

60. The lowest earnings for a producer are found in North Carolina, with $54,000 annually. 

61. People tend to sign up for seminars much earlier than expected, as much as eight days or more before webinar events. For instance, 26% sign up between 8 and 14 days before. Fifteen days and above are done by 28% of the audience. Surprisingly, shorter days from 1 to 7 are 35%, while a day before the seminar gets signed up by just 11%. 

62. It’s unsurprising that 25% of those who watch such seminars do so from their mobile devices, especially considering that, on average, regular Americans spend 3 hours on their smartphones.

63. We are sure you want to know the cost of hosting a seminar or webinar. It costs between $100 to $3,000. It all depends on your budget, but bear in mind that the higher the price, the more likely the content is to command people’s attention to engage.

Final Word 

From the facts presented so far, it is obvious that webinars have become a necessary tool for marketing, especially for the B2B type. Training exercises for in-house and external folks have become more convenient and cheaper than hosting such events face-to-face, which would require renting a hall, amongst other things. So, if you are interested in growing a business idea or adopting a new meeting strategy, you may want to consider doing so with a Webinar.

FAQs

References

The post 60+ Webinar Statistics You Should Know in 2024 appeared first on The Tech Report.

Today, it’s hard to name an industry that isn’t being impacted by artificial intelligence (AI) advancements, and education is no exception.

From personalized learning to grading assistance and generating curricula, AI technologies, including generative AI, NLP, and robotics, are rapidly advancing education. 

These innovations, as well as many others, are the driving forces behind AI’s growth AI in the education market, which is forecast to exceed $80 billion in less than ten years.

Although partially accelerated by the pandemic, the advancements of AI in education are also driven by investments in EdTech, digital transformation, and future-proofing the next generation’s employability. 

In this guide, we’ll examine AI education statistics to learn about the key areas, the top startups in the EdTech AI sphere, and possible future trends. Let’s learn more. 

Key Statistics for AI in The Education Market 

AI in The Education Market – Size & Forecasts

As mentioned, AI in education encompasses many spheres, including the following:

The technologies involved range from natural language processing (NLP) and generative AI to machine learning (ML) and deep learning.

This market was worth $2.5 billion in 2022. It’s forecast to reach $88.2 billion by 2032, at a CAGR of 43.3%.

A report by Allied Market Research stipulates that the AI services segment of the market will show an even faster CAGR of 45.6%, primarily due to the vast amounts of data and patterns gathered. 

Deep learning and ML are the AI technologies forecast to show the biggest growth in the education sector and are expected to dominate by 2032, thanks to the focus on personalization and adaptability. NLP, however, will grow at the fastest CAGR of 46.6%. 

As for different market audiences, higher education accounted for two-fifths of the AI education market in 2022.

This sector is also forecast to dominate in the next decade.

That’s not surprising as, for example, statistics tell us that generative AI made the most difference in automation possibilities for professions needing people with Master’s and PhD degrees.

Opinions on AI in Education

Given the increasing prevalence of AI in education and many news stories about ChatGPT being used for writing exams, it’s not surprising that people have strong opinions about it – not least educators and parents. 

For instance, in the US, an equal proportion of people (32–33%) believe that the impacts of AI on education are positive and negative. 17% of them, however, believe that the impacts are very negative. 

Opinions by Demographic

Opinions on AI in education also vary by age and gender. For example, 37% of men think AI’s impact on education is either very positive or somewhat positive.

For women, the figure is 27%. And 36% of women believe AI’s impact on education is negative or even very negative, compared to 29% of men. 

As for age, Generation Z is the most welcoming of AI in education, with 46% considering it a positive development.

As for Millennials and Gen X, AI in education is welcomed by 41% and 22%, respectively. 43% of those over 65 believed AI is a negative development in education.

Opinions on AI in K-12 

Since K-12 is one of the fastest-growing areas of AI use in the education market, it’s important to consider people’s attitudes toward it specifically.

As of March 2024, a significant proportion of men and women (53% of men and 51% of women) believe schools should teach children how to use AI properly. 

19% of men and 23% of women, however, believe that schools should go the other way and focus on preventing AI use in education. 

Interestingly, most of every age group (at least 45%) agree that schools should teach pupils how to use AI rather than focus on its prevention. However, 23% of Gen Z and 45–64-year-olds disagree.

Key Areas of AI Application in Education – Statistics & Key Players

So, what are the most significant fields of AI in education worth focusing on? Given the wide breadth, we’ll focus on the fastest-growing ones and those showing the most promise.

Personalized Learning

These figures are not surprising, given that reaching the appropriate level of differentiated learning in large classrooms is challenging. By using AI, educators can analyze each student’s strengths and weaknesses and tailor their lesson plans accordingly.

Moreover, AI can gather data about each student’s learning patterns and overall trends, allowing for better decision-making at the top level regarding educational methods.

Accessibility & Adaptability

In many ways, accessibility in education is directly tied to personalized learning, as AI can make learning materials more accessible and inclusive for different types of students.

For example, text-to-speech AI can assist students who are visually impaired or have learning difficulties. In fact, Quizlet reports that AI helps 73% of students understand the material better and 63% study more efficiently.

Administrative Task Automation

Educators are increasingly overwhelmed with paperwork and administrative tasks, and AI can address that issue. Indeed, the statistics tell us that the automation rate with generative AI is over 50%.

Moreover, in higher education, the rate of universities worldwide using AI-backed automation is over 63%.

As with accessibility, this shift toward automation is not surprising. Reducing the administrative burdens placed on educators allows them to focus on students’ educational needs and give them a chance to develop diverse approaches.

Curriculum Generation

Finally, we come to using generative AI to develop curricula. It’s proving to be a popular application, as 38% of teachers report that generating lesson plans is their most important use case for AI.

37% of educators also state that generating tests and assignments with the help of AI is pivotal to them.

Like this infographic? Feel free to use it on your website or blog, but please remember to give us credit by linking back to https://techreport.com/statistics/ai-in-education-market-statistics-2024

Top EdTech AI Startups

In this section, we look at innovative EdTech startups that are doing great things with AI. They all respond to at least one acute education challenge outlined in the section above, and in some cases, more than one.

Riiid

First, is the South Korean AI EdTech solution provider Riiid. Founded ten years ago, its AI tutor solution crossed the 1 million users mark in its native Korean market in 2017. 

Since its inception, it has launched several AI EdTech products, including an artificial-intelligence-as-a-service (AIaaS) platform R.Inside and adaptive assessment platform R.Test.

Riiid received $256.7 million in funding having closed the last funding round (Series E) in May 2021.

Elsa

AI in language-learning platforms is taking off, and this San Francisco-based startup is a prime example.

Created in 2015 by a Vietnamese immigrant, Vu Van, Elsa’s product Elsa Speak aims to help non-native English speakers confidently speak the language. It uses AI technology to correct pronunciation. 

Since its launch, Elsa has millions of learners in 195 countries. It recently launched an AI English tutor. In 2023, Elsa raised $23 million in Series C, which it will use to develop and launch a B2B product. In total, Elsa has raised $48.3 million.

Amira

The youngest startup on our list is Amira Learning. Pitched as ‘the world’s first intelligent reading assistant,’ the company’s product recommends appropriately challenging texts and assesses students’ fluency and strengths and weaknesses. Its other products, such as Dyslexia Screener, are also geared toward adaptability. 

Founded in 2018, Amira Learning is used by over 2 million people in 15 countries and supports both students and teachers. The company provides diagnostics data that helps educators make the best decisions about a student’s needs to improve reading ability.

Amira Learning closed its last funding round of $22 million in 2022. It has $40.3 million in funding.

Cognii

Last but not least, is the oldest startup on this list. Launched in 2013, Cognii provides AI solutions for K-12 and higher education.

Its NLP-centered technology offers assessment solutions tailored to open-ended assessments, tutoring solutions, adaptive learning sequences, online course design, and many other aspects of EdTech.

Cognii received a total of $1.1 million in funding. Their last round was an $800,000 grant from the National Science Foundation, obtained in 2018.

Future Trends of AI in Education

For the final section, we’d like to consider possible future trends. Education aims to equip us for the future and that would be the ultimate intention behind implementing AI in this industry.

Immersive Learning

We believe that AI advancements in education will go hand-in-hand with augmented reality and virtual reality (VR) to create seamless, immersive learning opportunities.

AI can analyze how students interact with VR environments and tailor scenarios that address their weaknesses or support their strengths.

For instance, thanks to ML technologies, AI-driven simulations could adapt based on student responses. This adaptability can manifest in providing challenges suited to their skill level. 

Moreover, such simulations will become more realistic and contextually rich thanks to AI. From allowing students to experience historical events to letting them experiment with scientific phenomena, the future of AI in learning provides countless possibilities.

Data-Driven Decision-Making

Moreover, by analyzing student performance data, metrics, and demographic trends, AI can identify areas for improvement, predict outcomes, and inform evidence-based interventions, which could make a huge difference for students with special needs.

We believe that AI-driven analytics platforms will become even more sophisticated, integrating data from many sources and providing actionable insights in real time.

AI Skills & Professional Development

Of course, any innovation should be introduced carefully, and AI in education is no exception. As the infographic shows, not everyone agrees that the next generation should be taught AI skills.

However, most people believe learning AI skills is important for the future. As AI becomes more prevalent across many industries, we will need experts who can develop, deploy, and manage AI solutions. 

For that reason, teaching AI skills should be one of the most important use cases of AI in education. To address the AI skills gap, we’re already seeing more AI training programs, although they’re primarily aimed at adult learners.

This is just one of the many trends of AI in education that reflects the increasing recognition of its potential and the need for a skilled workforce to drive innovation and progress.  

Final Thoughts

In this guide, we looked at AI in education statistics and its forecasts for the future. We also considered the market’s key innovations and technologies that are gaining importance, their key applications and people’s opinions about AI in education.

Innovative AI EdTech startups are solving some of education’s most pressing challenges using AI and other technologies. Based on our research, we also tried to predict some of the key future trends of the market. 

Whether we are right or wrong, we look forward to seeing what AI can do for the education market and how it can assist learners who need extra support.

Sources

The post AI in Education Market Statistics – Key Trends & Figures For 2024 appeared first on The Tech Report.

Vkontakte’s tentacles are spread throughout Russia and several other countries, including the United States, Germany, Belarus, and Ukraine. Like any other social media platform, it connects friends, allows you to play games, and allows you to create content. Social platform revenue has grown exponentially over the past few years.

According to data from the fourth quarter of 2022, almost 80 million users in Russia use the VK social media platform each month. It is no longer the same as it was in its founding days. This growth is a sign of new ideas that have expanded its reach.

Vkontakte has shown everyone that change is indeed a constant reality of life. It is estimated that vKontakte will have a user base of 78.59 million in 2028. Like a social butterfly, its charisma is etched into the hearts of many satisfied users. We will look at Vkontakte’s starting point and how much it has grown over the years. Let’s start.

VKontakte Key Statistics 

1. Vkontakte (VK) is the most popular social media platform in Russia. It is the sixth most used site on the Russian web and is used more than other sites like Twitter and Instagram.
2. The company’s creator launched it for public use in October 2006 in Saint Petersburg, Russia.
3. Its official social media site name was changed to VK in October 2021, which explains why users are redirected from the previous domain to the recent one.
4. VK has a good online social media presence in Moldova, Kyrgyzstan, Kazakhstan, the Baltic States, and Belarus.
5. The Ukraine government took its stance to ban VK as far back as 2017.

VKontakte General Statistics

1. Vkontakte is the Most Popular Social Media Platform in Russia.

The site has grown in leaps and bounds after it opened up its services to users in 2006. You can share photos and messages and participate in VK’s events and groups. All these amazing features have made it one of Russia’s leading social media sites. Little wonder why it is the most used of all social media platforms in Russia. Its interface design and user function are very similar to that of Facebook.

2. It is the Sixth Most Used Site in the Russian Web Space.

More than three-quarters of Russians between 16 and 64 use VK. This analysis goes to show that it is a choice for a vast number of people in the country. The blocking of Facebook, Twitter, and Instagram in the last part of February 2022 increased the number of VK users. This was seen with the rise in daily users by about 9%. The number of friend requests also increased from 25% to 250% during that time. WhatsApp was next in popularity, followed by Telegram and Odnoklassniki in ranking.

3. Vkontakte, in 2006, Was Launched By Its Creator for Public Use.

Vkontakte is an online social networking site based in Saint Petersburg. It was first released for public use in October 2006. The word Vkontakte means InContact, and it has since lived up to its name. Pavel Durov developed the idea for Vkontakte, which was later incorporated in Russia in January 2007.

4. VK is Used in Several Other Countries Besides its Mainstream Russia.

Countries like the United States, Belarus, Moldova, Kyrgyzstan, and Kazakhstan use Vkontakte social media.

5. The Ukraine Government Took its Stance to Ban VK as Far Back as 2017.

The cyberattacks of the Russian government on the Ukrainians have been a source of worry to many states. The Ukrainian government blocked certain Russian sites like Vkontakte after a whistle blew on a planned Russian attack.

VKontakte Usage Statistics

6. The Number of Mobile Active VK Users Across Russia Reached 79.5 Million at the End of 2021.

VK basked in the excitement of more users from 2016 to the end of December 2021. It gained around 28 million active users, which brought the total number to 79.5 million.

7. More Than Two-thirds of VK Users are Millennials Less Than 34 Years Old.

Millennials have the largest quota of VK users, with the majority below 34 years old. This user class makes up as many as two-thirds of the vast users.

8. Up to 20% of the Russian Population 2019 Actively Used VKontakte Services.

In 2019, VK won the hearts of 20% of the Russian population, a great feat that echoed in its revenue.

9. Vkontakte Creators Created Content Reaching 6.3 Billion in 2022 Alone.

In 2022, the company proposed redesigning its mobile app. This new feed design focused on creating a vibrant media format.

10. It Launched Over 250 New Technology Ideas and Advances in 2022.

One of these new inventions is the web 3.0 rollout, which gives a facelift to the social network interface and a better recommendation engine. These great ideas made it stand out more amongst other social media platforms.

11. The VK Dating Site Saw More Than 22 Million Users in May 2023.

Russia’s most favored internet company dating site (VK dating) had over 22 million users. This was a unique feat of success as it barely counted around 12 million at the close of 2022.

12. In August 2021, People Between 12 and 24 Years Old Spent an Average of 46 Minutes on VK.

The average daily time spent by VK users between 12 and 24 was published to be 46 minutes. This was the largest time spent by any age group. Some older age groups spent just 17 minutes on social sites daily.

13. Its Monthly Publications Were More Than 414 Million at the Close of October 2023.

The October publication of Vkontakte was everything one could wish for, as it rose way beyond 414 million. This was no small feat, as the company enjoyed the respect of being the highest social network in all of Russia.

14. Vkontakte had Global Registered Users Totaling 400 Million When 2017 Ended.

At the end of 2017, the number of VK official users was 400 million. It has a cap of honor: more than 100 million people use its social media site monthly.

15. VK Users in Russia Will Most Likely Hit 72.04 Million at the End of 2027.

The steady rise of VK users will most likely continue in the coming years, reaching 72.04 at the close of 2027. Their number is expected to grow by over 3.4% between 2024 and 2027, which means an additional 2.4 million new users.

16. Up to 47% of Users in Russia Visit the Site Daily.

VK has a wide user base in its home country, Russia, with 47% daily visits.

17. As Much as 66% of Vkontakte Users Use Digital Products VK Creates.

Up to 66% of all VK users use other digital products the company offers. These include VK Tech, VK Teams, VK Cloud, VK Workspace, and many more. Over 200 digital products and projects are used by many people daily.

18. About 80 Million Russians Used VK Social Media in the Last Quarter of 2022.

Russia’s number one social media site was used every month by almost 80 million folks. This feat of success was made in the last part of 2022.

19. The Site has Around 960 Million Video Views Every Dawn of the Day.

This social media giant has around 960 million videos to its credit daily. This is simply an amazing success rate from the VK stables.

20. As Many as 70% of Businesses Use VK to Promote Their Brand Online.

Up to 70% of companies use VK social media to build a strong online presence. They do this by creating an official public page and advert campaigns.

21. It Had 15 Million Messages Going Through its System Daily in 2022.

With each passing day, 15 million messages were recorded by VK all through 2022.

22. To its Credit, the Company has 10 Billion Views Daily.

VK enjoys large viewers, so it is little wonder it records 10 billion daily in just one year.

23. It Enjoys the Advantage of 51.1 Million Daily Users in Russia Alone.

Every day, 51.1 million people pour into the Vkontakte site for its amazing services.

24. It was Placed in the 9th Position of South America’s Most Used Social Media Platforms.

VK was South America’s ninth-most social media site in 2020, which shows that it is used in Russia and across its borders.

25. VK is a Stopover Site for 14% of Russians Needing the Latest Information and News Updates.

The site to 14% of Russians is the best place to gather all the latest gist and news.

26. Online Learning is Easier for Anyone Using the VK Site.

The platform is a learning site for many people who cannot be within the four walls of a school. It has become the third most used study platform in Russia.

27. It is the 3rd Most Widespread Messaging Application Used by Russians Today.

A good number of Russians use VK for messaging and calls to people. It is the 3rd most used app in this regard. Users can exchange messages, create groups, tag images, and share like every other social media platform. Other apps that are also used by Russians aside from VK are WhatsApp and Viber.

28. Companies Involved in Sporting Activities Use the Site to Grow Their Online Presence.

VK affords sports companies the platform to gain more fans. It is a primary site for gaining more online credence for many sports brands.

29. Over a Billion Likes are Shared by Users Daily on VK.

As a VK user, you are free to share your likes daily. The site has more than a billion likes shared daily.

30. VK is the Best Place to Mingle for 11.2 Million People.

As large as 11.2 million VK users prefer using only VK as their social media platform.

31. As Much as 53% of VK Users Like to be Always Updated With the Latest Changes.

Up to 53% of people who use VK like to be updated on the latest site improvements.

32. The Mobile App Designed by VK is the 6th Most Used in Russia.

VK mobile app is the preferred choice of many Russians over Facebook, TikTok, and Twitter.

33. VK is Ukraine’s 7th Most Used Social Network, Even After the App Block.

The Ukrainian government’s blocking of VK has not stopped citizens from using the app. It still has credence within the Ukraine circle as they find a way around the blockage.

34. Its App is User-friendly Such That it Supports 85 Different Languages.

As a VK user, you are free to choose from 85 languages. This site is open to serving its users regardless of the language version.

35. Audiences in Russia and Eastern Europe Can View VK Ads Without Hassle.

Your ads on VK can reach target viewers in Russia or Eastern Europe. All ads, except those from Facebook, are accepted to run on the VK site.

36. Not Up To 0.1% in the United Kingdom Use VK for News Updates.

A small fraction of people in the United Kingdom use VK to share messages and read news. These people comprise only 0.1% of the country’s total internet users.

37. Site Users in Russia Enjoy Discussing the Latest TV Series and Movies.

Russian VK users enjoy discussing movies and TV series on the site. Studies show a 46% engagement rate.

38. Up to 54% of VK Users Will Love to Place Adverts if Given Access to Free Content.

Access to free content can make 54% of VK users go into advertising.

39. Around 15% of All Online Sales are Done Through VK.

VK is a giant in B2C sales within Russia. Up to 15% of online sales can be traced to this social network.

40. Mondays are the Most Active Days for Most VK Russian Users.

The highest influx of site traffic by users in Russia is always on Monday.

41. VK is Russia’s Third Most Common Site to Watch Videos Online.

The most widespread sites for online watching in Russia are YouTube and Yandex. Coming right up in third place is VK.

VKontakte Demographics Statistics

42. Women Have the Largest Vkontakte Users in Russia, With 54%.

In the third part of 2022, the largest chunk of VK users in Russia was women, at 54%.

43. Persons Between 25 and 34 Comprise the Largest VK User Base.

Users who are 25 years to 34 account for 25.7% of the total site traffic.

44. Persons Over 55 Years of Age Make up 5% of Users.

The older generation beyond 55 years makes up just 5% of the total number of VK users.

45. Around 5 Million Russian Youngsters Actively Use VK Social Media Daily.

VK social media site is used by about 5 million learners spread across Russia.

46. The Greatest Segment of VK Users in the United States Makes Between $80,000 and $100,000 in One Year.

The leading segment of VK users living in the United States goes home with not less than $80,000 in a year.

47. As Large as 88% of Vkontakte Users Live in Urban Areas of the World.

More VK users (88%) live in the city, with just 12% in rural places.

48. Russia has the Largest Share of Vkontakte Users, With as Much as 82.4%.

Russia, as the home base of VK, takes 82.4%, Ukraine has just 4%, and Belarus has 3.65% users.

VKontakte Traffic Statistics

49. The Vkontakte Site Gets About 3 Billion Views Every Day of the Week.

Just about 3 billion views happen on the site every day of the week.

50. A Mobile Device is Handy for 39% of VK Users.

For 34% of users, a mobile device is the fastest way to use Russia’s number one social media site.

51. Just 1 Out of 4 Subscribers Use a Desktop to Gain Entry to Their Account.

Only 1 in every four people uses a desktop to access the VK site.

52. A Mobile Device and a Desktop are Used by 1 in Every 3 Facebook Russians.

One of each Russian who visits the Facebook site uses a mobile device and a desktop.

53. Users Visit an Average of 17 Pages of Russia’s Most Popular Social Media Sites.

The most widely used social media platform in Russia has an average of page visits 17 to its credit.

54. VK Direct Traffic Through Mobile Apps and Browsers Accounts for as high as 76%.

Direct traffic of 76% of users is mostly through mobile applications. Some others have the site bookmarked on their favorite browser for easy access.

55. Most Times, the First App that Russians Log into on the Web is the VK App.

Many Russian men and women have VK as their first app.

56. Web Searches Generate up to 13.27% of Facebook Traffic in Russia.

Just 13.27% of Facebook traffic is from web searches, while referrals account for a mere 3.68%.

57. Up to 99.83% of All Traffic on the VK Site is Organic.

Organic searches take the largest chunk of searches by 99.83%. For many times, no two searches on the site name are the same.

58. Paid Site Traffic Accounts for as Low as 0.17%.

Companies are the drivers of 0.17% of paid searches ongoing on the site.

59. VK is the Most Used App Across All Ages in Russia.

People in Russia’s age groups use the VK app more than others.

60. The Two Main Referrals to VK are Yandex.ru and Mail.ru.

Yandex.ru and Mail.ru are the two main drivers of traffic to the VK website. 

61. Facebook Produces a Fraction of the Traffic That Comes into VK.

Just 0.09% of all traffic that comes into VK also goes to Facebook. 

VKontakte Growth Statistics

62. The Usage of Facebook by Russians will Likely Hit 93 Million at the End of 2025.

Facebook active users in Russia are expected to reach 93 million when 2025 comes to an end. 

63. Website Visits From Italians Fell Between July 2018 and the End of 2019.

The fall in Italy’s website visits was a huge blow to its share, which fell from 0.31% to 0.07% at the close of 2019. 

64. VK Gets 3.56% of User Traffic From Other Platforms, With YouTube Producing 2.3%.

The total number of traffic visits from platforms accounts for 3.56%. Among all other social media platforms, YouTube produces the most, with 2.3%.

65. The Length of a Typical Video in VK has Been Stretched by 49%.

VK stretched its video length by 49% to engage its users more.

66. VK Users’ Activities From the Pandemic Have Risen Way Beyond the Status Quo.

The pandemic’s start brought a positive aura to the VK site as users increased their usage. The usage percentage grew by 20% more than it used to be. 

67. Mobile Device Users Keep Rising Every Year by 3.1%.

The number of people who use mobile devices to reach out to VK keeps rising every year by 3.1%.

Conclusion 

Vkontakte’s home base in Russia enjoys a large number of users. It offers many features that we find on other social media platforms. Its interface is user-friendly, with 85 languages to choose from. There’s so much to say about this social media site.

Businesses thank VK for a large audience and brand recognition. The site gives brands a platform to showcase themselves to a target audience. Over the years, it has established itself as an information hub for users. Messages, shares, audio files, and adverts can be broadcast easily. Expect more growth as Vkontakte spreads its connection tentacles beyond Russia.

FAQs

References

The post 65+ Thrilling VKontakte Statistics You Should Know in 2024 appeared first on The Tech Report.

With over half the worldwide population using smartphones, developers have seen a huge market to exploit to make profits. Today’s majority depends on smart device apps to perform different tasks, so most cannot do without them.

We aren’t just talking about utility apps that could be productive. The game industry has shifted from developing games normally played on game consoles to versions that work on mobile devices. Of course, there is a huge demand for such versions, and game developers are struggling to meet the demands. Mobile apps accounted for 3.8 trillion hours of consumer time in 2022.

Suppose you seek advice on creating content and what platforms to use to reach your target audience more effectively. This article is precisely what you need because it presents objective facts and statistics about mobile apps that will influence your decision.

General Mobile App Statistics 2024

1. A smartphone user accesses an average of 30 mobile apps in a month, at the rate of 10 every day, give or take.
2. At the current going rate, mobile apps are expected to generate more than $935 billion in funds by the end of 2024.
3. Check this out. When looking at the time spent on media in the digital world in America, about 70% of those came from mobile apps.
4. Apple fans will be pleased that their app store is filled with a whopping 1.96 million apps for downloads.
5. It’s not that we mean to turn this into an Android/Apple war, but Google Playstore boasts 2.87 million apps available for Android users.
6. An app is opened more than 11 times a day by 49% of folks.
7. 21% of folks between the ages of 23 and 38 years usually open an app more than 50 times in a single day.
8. The number of mobile apps available for download has increased by 82% since 2016.
9. This will capture your interest as a brand owner. In 2021, an average of $320,000 was spent on app stores every minute.
10. A US user goes through their mobile apps 262 times daily to show how dependent people have become on their smartphones.

Mobile App Usage Statistics

11. The year 2023 ended with mobile apps bringing in up to $932 billion in revenue.

12. About 4.3% of IOS users are likely to keep using an app 30 days after downloading it, whereas 2.6% of Android users do so.

13. In 2022, a mind-boggling 3.8 trillion hours were spent using mobile apps worldwide.

14. The number of new apps introduced into the market in 2021 alone reached 2 million.

15. Kenya had the highest number of downloads in 2021.

16. WhatsApp remains the most downloaded and used messaging app globally.

17. Android users are known to spend up to 90% of their time on mobile apps.

18. It’s intriguing to know that 72% of time spent on mobile apps is dedicated to video/photo and social media apps.

19. Amazon leads the way for online shopping platforms, with almost half a million apps available for downloads.

20. Google Play Store has over a million publishers thanks to its open-source operating system. In August 2021, the platform had over 1,061,994 publishers in its ecosystem, more than Apple’s. Remember, this is not a fan war between the two OSs.

21. Curious about publishers on IOS? Well, Apple has about 700,000 publishers, give or take.

22. 42% of sales from the top 500 online traders came from mobile apps.

23. Daily, an average of 1,262 apps are launched on the Apple store, with the platform recording about 7,964 new mobile apps. By the time it gets to a month, we are looking at an average of 35,871 apps.

24. The average user in China uses 7 apps a day, which demands about 7.56 hours of their time, and frequently opens an app 67 times per day.

Mobile Apps Yearly Download Statistics

More and more people have continued to depend on mobile apps for their day-to-day activities, with the download rate increasing yearly. The table below will give us the stats at a glance on the trend of downloads since 2016:

Statistics on the Most Downloaded Android Apps in the World

The Android mobile operating system is arguably the most popular platform for smartphone users. Let’s see how their apps get ranked in this category, starting from the top:

25. On the first download day, an Android user uses the app at 22.6%, slowly dropping to 6.6% in the next 7 days.

26. it is 25.6% for Apple users on the first download day.

27. Of course, this shouldn’t come as a surprise. Social media and communication apps are the most used genres in America, followed by mail apps and browsers.

28. In search of more convenience, 61% of people between 18 and 34 years old have expressed the need to be able to use an app with just one hand.

29. Speaking of complaints, about 49% of people in the age group of 23 to 38 years admit the worst user experience is using apps that drain lots of their smart device battery power.

30. Among people who permanently stop using an app, 70% say they are discouraged by very slow apps.

31. Smartphone users between the ages of 11 and 26 are known to spend 20% more sessions on apps not game-related than the older age categories, which is about 4.1 hours a month.

32. Another point that is hated by people from 23 years of age to 34 is apps that use up a lot of their mobile data and could be a deciding factor if they are to download an app or not.

33. From the same age group, 73% of them engage in mobile shopping at least 4 times a week.

The 10 Most Downloaded Apps on the Apple Store in America

It would be unfair to list the mobile app stats without covering IOS. So let’s see what it looks like over there, thanks to a report. This time around, we prefer to use a table for easier understanding:

Mobile App Category Stats on the Apple Store

Still, on Apple, let’s shed light on the distribution of apps according to the groups they fall into:

34. It has been reported that 54% of individuals from this age group have mobile devices, with over three screens filled with mobile apps.

35. It might shock you that 70% of these people play games on their mobile phones daily.

36. Instagram is the most downloaded social media app globally, with 68.92 million downloads.

37. Your guess is as good as ours. Facebook boasts a record 38.52 million downloads, placing the social media platform second on the list.

38. Another platform from Facebook’s parent company, Meta, known as WhatsApp, follows up with an impressive 29.57 million downloads.

39. You must be familiar with Mast, a video maker of music status. Well, they recorded 26.02 million downloads worldwide.

40. Facebook Lite made the top five list with 24.76 million downloads. Honestly, we expected this app to be number 4.

41. With 23.77 million downloads, Viamaker is solidly rooted at number 6, beating TikTok, which has 23.73 million downloads.

42. If you thought Facebook Lite was a bit disappointing where it appeared on the list, Instagram Lite is massively disappointing, with just 22.91 million downloads, a far cry from its main app.

43. The number 8 worldwide is Snapchat, at 21,55 million.

44. At 17.55 million downloads, TikTok Lite follows up on the list.

45. Whatsapp business makes the top ten most downloaded mobile apps at 16.22 million downloads.

46. Apps in the game category make up the most on this platform. To put things into perspective, we are talking about 14,669 paid and 206,669 free apps, bringing it to 221,338 in this group. 

Mobile Apps Demographic Statistics by Age

Once again, we use a table to help make it more convenient for you:

47. Next in line are business apps, with 195,464 apps (2,202 paid apps and 193,262 free apps). 

48. Utility apps are third on the list, with 8,916 paid and 176,190 free versions. That’s a total of 185,106 apps. 

49. With 180.876 apps, the education genre comfortably fits fourth on the list. Amongst these, 17,732 will have to be paid for, while 163,144 are for free. 

50. Up to 146,715 mobile apps tagged as lifestyle exist (143,685 are free, while 3,030 are paid). 

51. The food and drink category has up to 117,704 free apps, with 874 in the paid group, which is 118,578. 

52. The last and certainly the least is the mobile apps’ health and fitness group, which has 3,098 paid and 99,642 free.

Final Thoughts 

Considering the unbiased statistics on mobile apps, it will be safe to say that modern man cannot do without them. The percentage of people using mobile devices and the number of times they use such apps says it all. This growth trend for mobile app use is not ending soon because technology keeps advancing, and more immersive devices and apps will emerge. If you want to start up your brand or any business idea, making it available to your target audience through mobile apps might be your ticket to fly high, as these have become a lifestyle for most people.

Frequently Asked Questions

References

The post 50+ Essential Mobile App Statistics [2024 Updated] appeared first on The Tech Report.

Twitch is based in America and operates under an Amazon.com branch, Twitch Interactive. Its debut happened in 2007, thanks to Emmett Shear and Justin Kan, Twitch’s founders and creators. Interestingly, both graduated from Yale. The company was officially unveiled on June 16, 2013. Today, the number of Twitch monthly active users exceeds 240 million.

Those conversant with online content streaming will agree that Twitch is a giant, almost a household name for living video game streaming. While many enjoy content on Twitch, many people make money from it and rely on it to earn a living.

The platform keeps growing as online live streaming continues to expand, so it is expected to expand even more as the years go by. These statistics reveal how well Twitch has fared, its operations, and how you can make money by uploading content on the platform.

General Twitch Statistics

1. Interestingly, as of March 2023, over 20.46% of traffic on this streaming service came from America, using desktops.
2. Reports show that young adults from 25 to 34 contribute 49.70% of individuals on Twitch worldwide. Since Twitch is more of a gaming platform, male dominance in the streaming service is expected. We are talking about 80%, give or take. Yeah, it’s that much.
3. If we focus on the US alone, the 20-—to 29-year-old age group makes up 41% of subscribers.
4. The average time spent on Twitch by one user is 95 minutes per day as of October 2023.
5. When we stretch that to the total number of people visiting the platform, we get an average of 2 million hours spent streaming daily.
6. Now, what would that translate to for a month? An astonishing 1.86 billion hours are used up enjoying content on the platform.
7. According to reports, Twitch’s current value ($3.79 billion) is almost four times the value ($970 million) it was bought for in 2014.
8. After its introduction 2011 as a general streaming service that included games, the platform’s users grew to 45 million within 2 years (at the end of 2013).
9. The following year, the platform reached the milestone of being number 4 in terms of the highest source of traffic on the internet in the US. Impressive.
10. August 2014 was interesting because Amazon obtained the streaming service for $970 million. It’s beginning to make sense how Amazon Prime became part of the Twitch subscription.

Twitch History Statistics

11. If you thought having 45 million users in 2014 was exceptional, think again. A whopping 100 million subscribers were recorded the following year in 2015. That’s about 65 million more visitors within that time frame. Unbelievable. 

12. As a gamer, you must have heard of YouTube Gaming. Guess what? Twitch kept its hold on the number one spot for game streaming services, surpassing YouTube. 

13. As of February 2020, Twitch had about 15 million active subscribers daily. That’s not all. In the same period, the number of visitors streaming on the platform simultaneously rose to an average of 1.4 million, with 3 million broadcasters monthly.

14. From a world point of view, Twitch made it to number 37 for most visited platforms, with 20.26% of those coming from, guess where, America, a new kid on the block.

15. Germany had the second-highest Twitch traffic, at 7.08%, followed by South Korea, at 5.49%. 

16. Speaking of South Korea, you need to know that Twitch has plans to shut down its services in the country in 2024. What they are charged for the nation’s internet connection is not sustainable by the platform. We must point out that South Korea has the fastest average internet speed worldwide.

17. As of June 2013, Twitch had 80 people on their payroll. In six months, that number grew to 100 employees. 

18. The headquarters of the streaming service is located in the financial district of San Francisco. 

19. Let’s get to investors. Twitch received significant help in the form of $15 million invested in the company in 2012, thanks to Venture Capital, which seeks growing companies with good potential. The following year, 2013, saw further investments from Venture Capital for $20 million.

Twitch Demographic Statistics for Viewers (Age)

As we go through the various categories of statistics, it is also important to see the age group that this platform appeals to get a clearer picture of its target audience. Let’s proceed:

20. With further success, the platform had more than 6.5 million views. The intriguing part is having simultaneous viewership flaunting between 60,000 and 70,000, while about 10% actively participated as of February 17, 2014.

21. About 41% of users are youngsters between 16 and 24. This is a classic indication that the younger people are, the more likely they are to be into gaming or, at least, derive pleasure in watching others play. It is also the highest among the different age genres. 

22. As we advanced from 25 to 34, we noticed they made up 32% of subscribers, a drop that can’t be ignored. 

23. An older age group(from 35 to 44 years) contributed to 17% of total number of users for the service. 

24. The numbers went down to just 7% for folks between the ages of 45 and 54, which is expected, considering older people don’t have much time for gaming platforms. 

25. We certainly didn’t expect anyone elderly to be interested in playing games, but we were surprised that 3% of Twitch viewers came from the oldest age group, 55 years and above. Isn’t that something?

26. Generally speaking, from a global point of view, a majority of 65% of subscribers came from males, which isn’t surprising.

27. According to a report by BusinessOfApps, 35% of users are female. Interest in gaming platforms is gaining popularity among women.

Twitch Revenue Statistics

The table below will show us at a glance what the platform realized regarding funds:

28. By now, we should be able to guess the US should be number one on the list. About 20.46% of Twitch traffic came from there. 

29. 6.07% of such traffic came from Germany.

30. The Republic of Korea is third at 5.32%. This came as a surprise because we expected them to be above Germany, considering the reputation Asians have for games. 

31. Russia comes next with 4.56%.

32. Last but not least, France is at 4.27%. 

33. Dota 2 witnessed active users streaming simultaneously on the platform on an average of 60.8k. 

34. The military combat game known as Counter-Strike commanded 72k or such views. 

35. Valorant game made to 118.7k views. 

36. Ever heard of League of Legends? As it stands, the game averaged 132k. 

37. Last but not least is Grand Theft Auto v, which has the highest number of views at 160.4k. The open-world game is one of the most sought-after games in the world.

Twitch Stats Comparison With Other Competitors

There are other good alternatives to Twitch in the gaming category, and the table below shows their important differences:

Broadcast Statistics

38. Over one month, over 2.2 million subscribers share their games on the platform. It doesn’t take a magician to see how this helps increase the service’s viewership rate. 

39. Have you heard of Fextralife? According to EnterpriseApps, they are the most-viewed broadcasters, with about 2147 million views, and they are also the most popular on Twitch. 

40. Another group of broadcasters that goes with Riot Games has recorded 1339 million views. 

41. ESL_CSGO is at 750 million.

42. ShadbaseMurderTV follows it and commands about 719 million views. 

43. Despite being 5th on the list, Ninja is not doing badly at 572 million. 

44. Not far behind is Shroud at 571 million. 

45. xQc has attracted up to 525 million views.

46. BeyondTheSummit made it to 8th on the list with 510 million. 

47. Summit1G boasts about 505 million views. 

48. LIRIK comes last among the top 10 most popular broadcasters with 422 million views. 

Bottom Line

Thanks to the above statistics, you must have become familiar with the Twitch live-streaming platform by now. They can help you decide whether to join the platform. Now that we have established how popular Twitch is as a live video streaming platform with lots of potential for gamers and businesses, you can understand what you stand to gain by using the platform.

Frequently Asked Questions

References

The post 45+ Key Twitch Statistics 2024 (Every Fact You Need to Know) appeared first on The Tech Report.

Are you wondering how Squarespace is doing these days? The truth is that the company has fared well and has survived many storms, thriving even in the face of challenges.

As of the early 2000s, its founder, Anthony Casalena, was a university scholar who later came up with creating websites. His childhood dream, Squarespace, powers over 285,000 active online stores that help small businesses thrive.

With 3.79 million subscribers, Squarespace has an annual revenue run rate of $754.2 million.

The question now is how this underdog rocketed to such heights. Are there no competitors on the market? Statistics will show how Squarespace became super successful and other interesting facts about the company.

Vital Squarespace Statistics at a Glance

1. There are 3.79 million users of Squarespace.
2. Squarespace brought around $621.15 million in revenue in 2020.
3. The current yearly revenue run rate for Squarespace is $754.2 million.
4. Operating costs for Squarespace came to $482.59 million in 2020.
5. There are 1,261 full-time employees at Squarespace.
6. There are 3.79 million Squarespace subscribers.
7. Connect a Google Analytics account and construct a Squarespace website in ten minutes.
8. The Google analytics tool can help websites adopting Squarespace to track their online performance.
9. Squarespace loves its website tools for building sites, proving its power to make nice-looking and working sites.
10. Around 23,000 Squarespace users add Facebook Pixel to track visits, proving its functionality.
11. Almost all online stores on Squarespace—99.3%—ship orders using UPS.
12. In buying startup Unfold, Squarespace lets people design sleek graphics for social posts and draws creators looking to make shareable and spectacular content.

WordPress and Squarespace Statistics

1. WordPress beats out Squarespace big time in the number of sites using them. About 42.5% of all websites run on WordPress, while only 1.7% use Squarespace.

2. Visitors also flock more to WordPress sites. On average, WordPress websites get ten (10) times more unique eyeballs than Squarespace.

3. Free Android and iOS applications are available for both the Squarespace and WordPress platforms, allowing users to update content on the go.

4. Squarespace’s growth has been slower than WordPress’s over the past decade. The percentage of sites using Squarespace has risen by 0.7% in 10 years. But at the same time, the share of WordPress sites shot up much quicker—by 30%.

5. WordPress’s top site is ranked #116 globally, while Squarespace is much lower at #1,420.

6. When checking the top 1,000 sites, 1% run on Squarespace, while a WordPress site pops up every second website as you move through the top thousand.

Market Share Data

7. Squarespace owns 24% of the website market in Singapore.

8. Their website builder platform in Australia grabs a solid 19% share.

9. Denmark and Norway see Squarespace with just an 8% slice of the website builder pie.

10. According to the firm’s data, Squarespace holds a respectable 10% share in Indonesia.

11. Sweden and the UK give Squarespace a 5% market share.

12. The average user visits five pages on a website in 4:40, with 55% of unique website visitors from the USA taking the lead.

13. Of all the search engines, 20% of traffic comes from Google, and 89% is organic. Analytics show the company is among the top four search terms.

14. About 3% of users connect through social media.

15. Squarespace’s website sees a 50% bounce rate to SEO stats.

16. They draw in a whopping 30 million unique visitors monthly.

17. Ads displayed contribute to 1% of their visitor count.

18. For advertising, YouTube proves to be their best platform.

19. A hefty 38% directly head to Squarespace’s main website.

20. The business allocated over half its profits to sales and marketing initiatives in 2020.

21. Based on data and analytics from Squarespace, the number of websites created using the company’s site builder app rises by 2% monthly.

22. The Wix vs. Squarespace statistics show growth in market share above Squarespace.

23. The Wix company is currently ranked third on the market, after Shopify and WordPress.

24. According to SEO facts, 1.4 million persons pared on Squarespace’s online presence, resulting in a top position ahead of firms like Webflow and Weebly.

Squarespace Statistics’ Prospects

25. Its overall revenue was about $620.00 million in 2020.

26. Its spending was approximately 420.00 million in 2020.

27. The subscribers were 3.79 million for personal plans that same year.

28. 70.7% of its clients are US occupants.

29. Every subscriber fetches at least $190.00 yearly.

30. The firm’s e-commerce podium increased to $3.9 billion in the same year, a 91.18% increase.

31. Squarespace availed $754.2 million in 2021 because of 3.79 million subscribers, a 35.0% rise over 2020.

32. Its market segment is the 2nd-most prevalent e-commerce stand. Its online supplies control 14.49% of the e-commerce sites on the net.

33. The stand cost is 13.0% in the hosted site solutions segment.

34. Squarespace group comprises about 1,640 professionals.

35. The moderate pay of Squarespace staff is $150000.

36. The matchless subscriptions figure to Squarespace is 4.2 million+, rising yearly. This figure shows that its users are rising.

37. The medium gain per payment is $206.38. This figure shows the firm has gained $866.79 million since its commencement.

38. The firm provides allowances that augment new structures and functionalities, and 31 extensions are accessible on its official site.

39. 70.7% of its customers are United States residents.

40. Squarespace suggests four (4) diverse pricing policies, from $16.0/monthly for private sites to $49.0/monthly for profitmaking sites.

41. The last 12 months of “Google trends” data reveals Squarespace’s highest acceptance in Australia, New Zealand, the United States of America, Canada, plus the UK run behind.

42. The firm is raising its spending on advertising and sales.

43. Squarespace invested $339,965 in 2021 and availed $784,038 in the same year on campaign and distribution.

44. Its GMV-Gross merchandise value was 5.78 billion in 2021.

45. 544.5 million (over 30%) came from the US, and 69.4% from other nations.

More Facts on Revenue

46. The company’s income was $867 million in 2022, a moderate rise from the $784 million annual revenue in 2021.

47. Squarespace got $4.2 million in revenue from élite buyers in 2023.

48. In 2023, it got $247.5 million, a 16.0% year-over-year (YoY) rise (more than $212.7 million) above its 2022 value.

49. Experts estimate that, with this growth speed, Squarespace will surpass $1 billion in annual income by the end of 2023.

50. 71.8% of the firm’s total income is from America.

51. Squarespace’s users are about 3-4.0% of all sites that engage CMS, and it’s the fourth (4th) most commonly used CMS.

52. Squarespace controls 1800 staff, plus part-time workers, in America, the European Union, Australia, and the UK.

53. Squarespace was initiated in 2003 and came alive in April 2004, with 478 sites created from it.

54. United States subscribers bring in 71.8% of overall income, with all other single states accounting for at most 10.0% of its subscriptions.

Market Cap of Squarespace Vs. Rivals

55. Squarespace controls 1.70% of online websites, contrasting the renowned WordPress content controlling system’s 42.50% internationally.

56. If Squarespace site lures visitors to its site, WordPress lures 10x.

57. The international rank of the formal WordPress site is 116, contrasting Squarespace’s 1,420.

58. Squarespace controls 24.0% of the market segment in Singapore.

59. Its site builder podium manages 19.0% of the Australian market segment.

60. Squarespace covers 8.0% of site builders’ open market in Norway and Denmark.

61. From Squarespace facts and analytics, its market part in Indonesia is 10.0%.

62. Its market cap in Sweden and the UK is 5.0%.

63. Squarespace and WordPress podiums have free-of-charge iOS and Android apps that can apprise content through a device.

64. 3.0-4.0% of CMS sites also adopt its platform.

65. Squarespace is the fourth (4th) renowned CMS in the net.

66. The organization’s opponent is Wix, which owns nearly 11.0% of the CMS marketplace.

66. Nevertheless, according to W3Tech, Wix’s (CMS) marketplace cap is only 3.7%, which is approximately 250.0 million aggregated users.

67. The firm has a 17.0% market share for simple site developers.

68. Wix, conversely, controls about 46.0% of the marketplace share of sites adopting simple web developers.

69. Shopify is its top opponent in e-commerce. Shopify controls approximately 5.7% of the CMS market cap.

70. At 63%, WordPress is the top CMS shareholder. This share is nearly 43.0% of the overall web online.

71. GoDaddy Web Builder commands approximately 2.29% of the marketplace share of sites utilizing CMS.

72. Jimdo, Duda, plus Weebly are their opponents and control at most 1.0% of the market.

73. 0.58% of small and medium markets out of 100k sites utilizing CMS implement it.

Squarespace Traffic Flow

74. In 2023, it reported 120.0 million callers between June and August. Of the total calls, 37.0% were direct callers, 35.0% were through referrals, and 18.0% were from organic search.

75. Among all the callers, 30.73% were between 25 and 34 years old, 44.09% were men, and 55.91% were women.

76. Each of the calls lasted for 9.0 minutes and 52.0 seconds.

77. Squarespace.com took the 566th position globally in October 2023 (globally).

78. WordPress earned 550 million or more in the previous three (3) months, five times (5x) Squarespace’s revenue.

79. Shopify‘s callers were 240 million in the same period, contrasting Squarespace’s.

80. Wix’s callers were 150 million in the same period.

81. Invented in 2003 by Anthony Casalena with 1800 crew members from the US, EU, UK, and Australia, the firm is not doing badly.

82. Squarespace operates through four strategies: Basic Commerce, Personal, Business, and advanced Commerce. These strategies depend on currency or location, but the structures are consistent.

83. Squarespace subscription plans cost $36.0 per month, while annual offers discounts of 24.0% to 30.0%.

84. The firm won an Emmy for Super Bowl profitmaking in 2017 and rolled out an app in December 2018.

85. Square Space celebrated two decades (20 years) of extraordinary services and success in 2023.

Conclusion

Squarespace has surely seen its fair share of ups and downs. However, it has remained steadfast in dishing satisfactory services to its customers.

Although it hasn’t reached the heights of industry giant WordPress, Squarespace still stands tall as a top website builder. People like Squarespace because it’s user-friendly and affordable. Its wide array of options lets users add tracking IDs without much ado. Whether it’s learning more about Squarespace or using its website-building tools, we are positive that reading the information above is a step in the right direction.

FAQs

References

The post 90+ Jaw-Dropping Squarespace Statistics of 2024 You Must See appeared first on The Tech Report.

Before we delve into DevOps market statistics, we’d like to briefly elaborate on what DevOps is and why it’s a big deal.

DevOps is short for ‘development and operations’ and is one of the most popular software development industry methodologies. It’s a cultural and collaborative methodology that aims to bridge the gap between developers and IT operations. 

The methodology is popular – not only does it accelerate software development and improve the product, but it also ensures top-level efficiency within a company. This agile combination means software and SaaS products reach the market faster, making them more competitive.

And that’s what we’re going to explore in this guide. By delving into DevOps market statistics, we’ll seek to understand the methodology’s competitiveness, the success of the key DevOps market players, and the compelling alternatives to DevOps, to name a few. Let’s take a look.

Key DevOps Market Statistics

1. The global DevOps market was valued at $10.9 billion in 2023. By 2032, it is expected to be almost six times larger, reaching $63.4 billion.
2. The biggest DevOps market is North America; its revenue share of the total market was 38.5% in 2023.
3. Docker is one of the most in-demand skills in the DevOps stack, demanded by almost 43% of organizations.
4. Azure’s DevOps Projects module is third in the market, with a share of 13.72%.
5. Google Cloud’s CI/CD service Google Cloud Build comes fourth in the DevOps services market, with a share of 4.05%.
6. The continuous integration tools market is worth $1.4 billion in 2024 and is forecast to grow to $3.72 billion by 2029 at a CAGR of 21.18%.
7. Azure DevOps is the most popular DevOps solution in EMEA, with 32% of users frequently using it as of 2021.

DevOps Market Size & Forecast Statistics

According to a report by IMARC Group, the value of the global DevOps market was $10.9 billion in 2023. By 2032, that value is expected to be almost six times larger, reaching $63.4 billion with a CAGR of 21%.

Increased focus on the automation of business processes and heightened demand for cross-departmental collaboration are key reasons for such accelerated expansion. 

DevOps vs Other Methodologies Statistics

DevOps is one of the most popular software development methodologies on the market today. However, other methodologies also stand out. In this section, we’ll look at these methodologies to see how well they stack up against DevOps on the market.

Agile/Scrum

The second-most popular software development methodology on the market is Agile/Scrum. According to Statista, 37% of vendors worldwide preferred it in 2022. For example, 49% of companies in Italy use agile methodologies – either in IT only (19%) or at the enterprise level (30%). 

In terms of market reach, Coherent Market Insights valued the Agile software market at $3.94 billion in 2023. It’s forecast to reach $9.28 billion by 2030 at a CAGR of 13%. North America is the biggest market, with a 35% share.

The DevOps methodology heavily emphasizes technical tools, focusing on the continuous software delivery process via automated pipelines.

On the other hand, Agile/Scrum focuses on the ‘how,’ especially how teams collaborate in a flexible and agile manner that quickly adapts to changes. 

Kanban

The Kanban methodology aims to optimize work across different people and departments through visualization. Like Agile/Scrum, it emphasizes flexibility and assigns tasks according to what needs to be done in an optimized workflow rather than following a rigorous structure of roles and responsibilities.

Unlike DevOps, Kanban doesn’t aim to create a continuous development culture and is narrower in scope.

The popularity of Kanban has been on the rise since 2020. According to the research by Businessmap, its adoption reached 56% in 2022 – up from 7% in 2020.

Seventy percent of its users chose Kanban due to the visibility of work it provides, and 50% for continuous improvement – a feature that DevOps is also well-known for.

In terms of market size, the Kanban software market was almost $198 million in 2020 and is predicted to reach $1.27 billion by 2031, at a CAGR of 18.4%. 

Lean

The Lean methodology is about doing more with less, minimizing waste, and maximizing value. In fact, efficiency is at the root of Lean.

Although DevOps also prioritizes efficiency, especially in shortening development cycles, it’s more about collaboration for continuous delivery rather than minimizing resources used.

Unlike Agile and DevOps, Lean is used more in service industries and manufacturing rather than software development. That’s because these industries emphasize efficiency, whereas software development focuses more on delivery and collaboration.

DevOps Market – Key Players Statistics

As we saw earlier, the DevOps market is growing at a significant CAGR of 21%. This is largely due to increased adoption, as well as the increasingly diverse offerings by players in the market. In this section, we’ll look at some of the biggest DevOps market players.

Docker

First, we have a platform-as-a-service (PaaS) tool, Docker, which allows DevOps players to deliver software in packages known as containers via OS-level virtualization. It’s used in many DevOps workflows, as it allows the players to create automated build and deployment workflows.

Its environment-agnostic functionality allows for the automatic release of new versions, enabling CI/CD.

In the containerization market, which is closely aligned with the DevOps market, Docker has a market share of over 80%. It’s also one of the most in-demand skills in the DevOps stack, demanded by almost 43% of organizations. Kubernetes and AWS skills are second and third most in-demand, respectively.

Amazon AWS

Amazon Web Services (AWS) is today’s most popular cloud development platform – both worldwide and in certain countries. With the provider’s prevalence across many markets, the demand for AWS DevOps engineers is very high, with as many as 4,500 jobs advertised in 2024 in India alone.

The AWS CloudFormation DevOps solution has the second-largest market share in infrastructure management (14.52%).

A big advantage of AWS in DevOps is that it has a module developed specifically for DevOps, with the methodology’s benefits, philosophy, and culture in mind.

The DevOps services module has a suite of over 200 tools, most of which are integrated. That is in line with the needs of many DevOps teams and a big reason for AWS’ popularity among them.

Microsoft Azure

Microsoft’s Azure DevOps solution is available on-prem and as a cloud service. It’s a popular solution, offering 1,587 DevOps tools and over 8,000 IT management tools in its marketplace. 

When it comes to the DevOps Version Control market, which is a big part of the scalable deployment in DevOps, Microsoft Azure has the second-largest market share of 8.96%, after Git’s 89.05%.

And in the development tools market, its share is 9.17% – the fourth-biggest after Sentry, WordPress, and New Relic. As for building, Azure’s DevOps Projects module is third in the market, with a share of 13.72%.

Google Cloud

Another popular DevOps solution is Google Cloud. Although it offers fewer developer tools (689) than Azure (1,587), it still has a significant presence in DevOps markets. For instance, Google Cloud’s Content Delivery Network (CDN) is the CDN market leader, with a share of 91.38%.

The hyperscaler’s CI/CD service, Google Cloud Build, is number 4 on the DevOps services market, with a share of 4.05% (preceded by Azure DevOps Projects).

CI/CD Statistics

Continuous integration/continuous delivery (CI/CD) practices, or CI/CD pipelines, are at the root of DevOps today. Their goal is to improve collaboration between developers and operations teams and increase software delivery while ensuring its quality. 

According to Mordor Intelligence, the continuous integration tools market is worth $1.4 billion in 2024 and is forecast to grow to $3.72 billion by 2029 at a CAGR of 21.18%.

As we mentioned earlier, increased demand for automation is a huge driver in this market, along with the increased cloud adoption and prevalence of DevOps and Agile methodologies.

DevOps Market Statistics by Region

In this section, we’ll take a quick look at the regional DevOps market statistics across EMEA, the Americas, and APAC.

The Americas

The biggest DevOps market is North America. Its revenue share of the total market was 38.5% in 2023. That’s largely due to the mature and robust tech infrastructures and IT investments in the region. 

In addition, the region, especially the US, was an early adopter of innovative approaches such as DevOps, and many large market players like AWS are headquartered there. 

EMEA

Europe and the Middle East (EMEA) are another major DevOps market. Statistics tell us that Azure DevOps is the most popular DevOps solution in the region, with 32% of users frequently using it as of 2021. AWS was preferred by 30% of DevOps users.

According to 6sense, the UK has the biggest DevOps segment in EMEA, with over 22,000 users. Germany is second, with over 10,000 users.

APAC

Although North America and EMEA are large DevOps markets, the Asia-Pacific (APAC) region is forecast to grow at the highest rate. That’s largely due to increased investment and rapid digital transformation. 6sense names India the largest country in the DevOps APAC market.

Future DevOps Market Statistics and Trends

To wrap up this guide to DevOps market statistics, we’d like to look at the key trends that we believe are likely to impact that market – both in the short and long term. 

Increased Adoption

As we saw earlier, the DevOps market is poised to exponentially grow worldwide. This is due to more and more tech organizations transitioning to SaaS and PaaS offerings and many non-tech enterprises adopting digital transformation.

The accelerated cloud adoption, which is integral to DevOps’ proper functionality, is also a big factor. 

Cybersecurity Concerns & AST

Security and data breaches are very acute for many software companies. For that reason, Gartner experts predict that DevOps players will focus on application security testing (AST) as they’ll become the primary persons responsible for application security (DevSecOps).

The focus on building security features into the software from the outset rather than add-ons as an afterthought will be dominant in DevOps.

Cloud Native & Containerization

Cloud-native technologies like containers and Kubernetes are quickly becoming dominant in the DevOps space. They allow efficient and scalable software development in cloud or ‘container’ environments and help automate various processes in operations and development. 

However, Kubernetes adoption does come with security concerns. A study by RedHat reported that 67% of companies delayed software deployment due to a Kubernetes security issue. Moreover, 37% of companies lost revenue due to a Kubernetes cybersecurity incident in 2023.

For that reason, the advancement of containerization must go hand-in-hand with the previous trend we discussed – security. As you can see from the infographic over 80% of companies have a DevSecOps initiative, and we expect these figures to grow. 

Closing Thoughts

In this guide, we’ve gone over a relatively new phenomenon in enterprise operations called DevOps. The methodology is one of the most popular approaches in the software development industry, and it’s also finding its way into other industries.

The popularity of the methodology is primarily due to decreased time to market for software development, enhanced collaboration between departments, and scalability and cost efficiency. We look forward to seeing more organizations adopt DevOps, driving the market forward with innovations.

Sources

The post DevOps Market Statistics – Key Figures and Trends in 2024 appeared first on The Tech Report.

Innovation has to increase to keep up with rapid economic digitization, and software development is one area that can cater to this need. With emerging technologies, software development has advanced, birthing an industry with a market valued at over $390 billion as of 2020 data. According to estimates, 2024 will see a global population of 28.7 million software developers.

Software and developers demand keeps rising as more and more people and businesses go digital. As this demand continues to rise, the software development industry and market keep expanding. In light of this revolution, these software development statistics will help us see how much this industry has grown over the years across the globe.

Key Software Development Statistics

1. The population of people taking software development as a career worldwide has gone uphill, reaching 26.9 million, with an increase of 3.2 million in the last four years. Given this proliferation, experts have estimated it will hit 28.7 million by 2024. 
2. The United States alone is home to 4.3 million developers.
3. The software development market cap is consistently rising and is projected to reach $1.03 trillion by 2027. Such growth will reflect a CAGR of 25.54% from what was recorded in 2020. Moreover, we expect at least a 5% increase in CAGR before 2024 ends. 
4. About 84.7% of software developments focus on enterprise applications. 53.6% are on business automation, while 38.5% are on E-commerce.
5. Up to 54% of IT engineers are estimated to be more productive while working from home. The trend could change in 2024 as initiatives for office culture are gradually settling back.
6. The employment rate of IT developers in the US is estimated to see a 22% rise by 2029.
7. JavaScript is the most-used programming language globally. About 65.82% of software creators prefer using it. 
8. Professionals in the industry earn an average of $107,090 yearly.
9. Developing a Customer Relationship Management (CRM) system in 2023 costs businesses about $100,000.
10. Costs of handling software development projects fall between $3,000 and $150,000.

Software Development Market Statistics

1. Up to 84.7% of software companies specialize in enterprise app development for customers.

2. 15.4% of firms offer CRM software solutions.

3. About 38.5% of developers undertake back-end and front-end development projects on eCommerce.

4. More than half of IT entities (53.9%) are exclusively on business automation projects. This value could increase in 2024 as demands grow.

5. About 7.7% of IT service providers help their clients with software aspects such as maintenance, management, and creation of educational platforms.

6. 65% of the global IT outsourcing goes to India. The country ranks as the largest destination for IT projects, having the most population.

Software Developer Demographic Statistics

7. 39.8 years is the average age of IT developers in the United States. However, the global average age is between 25 and 34 years, with this age class constituting 39.52% of the overall developers population. The 18-24 age range represents 25.47%, while the 45-54 age range is 6.64%. Also, the 55-64 age class is about 2.21%. Surprisingly, about 6.52% of professionals in the field are under 18.

8. Up to 54.2% of software creators in the United States are white.

9. Washington state has the highest earnings for software engineers in the US, at $105,406 yearly. The state also has more IT professionals (about 6.42%) than others in the country.

10. One of every four (25%) software developers has a computer science or computer engineering degree.

11. The male gender dominates the software development industry, representing 91.88%. Based on the gender imbalance, the minority consists of 5.17% of women and 1.67% of non-binary, genderqueer, or non-conforming.

12. About 29% of developers globally have experience in coding between 5 to 9 years. 2% of the personnel have spent less than a year in the field, 19% have one to four years, and 0.34% have more than 50 years of experience.

13. Up to 24% of businesses worldwide outsource software development. The tech outsourcing industry recorded massive growth in 2022, hitting spending of over $4.4 trillion. Outsourcing your developer teams has its benefits, which include access to the best talent and IT skills, cost savings, increased efficiency, and timely delivery of projects.

Software Development Tools And Tech Stats

14. Node.js is the developers’ most preferred web framework (47.12%) worldwide. React.js comes second at 42.62%, jQuery at 28.57%, Express at 22.99%, and Angular at 20.39%.

15. The most preferred tech programming language is Javascript, with up to 65% global usage. HTML/CSS followed, closing at 55.08%, SQL at 49.43%, Python at 48.07%, and TypeScript at 34.83%.

16. About 77% of IT professionals would like to use PHP if possible.

17. JIRA is the most preferred option in software project management tools. Up to 39.03% of developers worldwide use it. 

18. Up to 61.5% of IT teams prefer the Agile method for development. The Scrum and Waterfall methods have 23.1% and 9.6% usage, respectively. Notably, agile methodologies have seen more demands in the field with effective solutions for project management. Atlassian, which comprises Jira, Confluence, and Bitbucket, has up to 18.24% of the market share. 

19. Selenium is at the top for software testing with 38.5% global preference. 30.8% use JMeter, while 23.1% choose Agile Load.

20. In 2022, 61% of developers like to use Windows, indicating its position as the most popular software environment. MacOS took the second place with about 46% preference, while Linux followed with 45% usage.

21. Android took the lead in the development market with an 87% share in 2021. With 60% of the market share, iOS followed in the ranking.

22. Microsoft’s Visual Studio is the top programming tool, with 46.20% usage.

Time and Costs of Software Development Stats

23. Costs of designs and new developments amount to 63% of overall software development allocations in companies.  

24. The complete construction of 23% of software-based projects costs over $60,000. Development costs generally range between $3,000 and $150,000. However, a complex design could cost about $1 million.

25. About 17.8% of entities are satisfied with delivered tech jobs. This reflects low satisfaction levels for IT outsourced projects.

26. Up to 25% of corporate businesses choose to outsource services for their software demands. This approach offers access to a wide range of experts, reduces costs, and ensures a faster delivery period.

27. Software project maintenance takes an average of 15% to 20% of the initial development cost.

28. On average, project development lasts four and a half months, costing about $36,000. 7.7% of the developers could complete a basic project in less than two months. 

29. About 46.20% of software companies offer basic development below $20,000.

Software Development Trends And Facts

30. The number of software engineers will reach 28.7 million worldwide in 2024.

31. The population of software personnel is expected to record a growth rate of 22% by 2029.

32. About 40.7% of HR managers indicate that willingness to learn is the key criterion for new hires. However, 38.6% seek people with cultural fit, while 34.4% focus on technical evaluation for recruits.

33. With the most joyful professionals, the gaming industry ranks the most in job satisfaction, with 43.5% of the global population. 

34. 34% of software professionals fear they could lose their jobs to automation within the next three years. Their assumptions are based on the rapid changes and emergence of new technologies and artificial intelligence (AI). Bearing that in mind, 78% of developers declare their readiness to try new skills if needed.

35. Artificial intelligence (AI) in software is estimated to generate $126 billion in revenue by the end of 2025. AI’s place is expanding in the industry, from design to deployment. Moreover, it promotes the software development life cycle (SDLC).

36. In 2024, software marketing is estimated to gather 28% of investment attention after IT security at 32% interest.

37. Shift to cloud services is expected to raise $55.9 trillion by 2030. As of 2022, it has grown to more than $1.3 trillion, influencing the overall software enterprise industry.

38. StackOverflow is the most reputable online community for developers. Due to its growing popularity in the industry, it boasts over $50 million in revenue yearly. Despite the rising popularity of ChatGPT, StackOverflow still maintains its stance as the most trusted online community. According to global regional ratings, the United States accounts for 20% of the website’s traffic.

39. Blockchain technology has up to 56% interest in the software industry.

Software Development Statistics Based on Regions

40. Asia Emerged as the Country With the Most Application Developers Worldwide. The Continent Houses About 32.9% of the World’s Developer Population.

According to the global ranking, Asia remains the home for most cellular technology and has the highest demand for application developers. These developers are responsible for writing software programs for mobile operating systems for Android, iOS, and other device categories. Regarding the developer population, the Asia-Pacific region has the highest number, increasing yearly. The Latin America region trails closely behind in this trend.

41. Europe is Another Continent With a Massive Number of Developers, About 6.1 Million, Representing 22% of the Global Developers’ Population.

Europe is among the regions with numerous IT personnel. According to a survey in 2023, up to 6.1 million software developers reside in Europe, which boasts an impressive market value of over $146.7 billion. Germany stands as the country with the most IT developers (up to 902,000) in Europe. Also, it has the highest estimated revenue from software development. The distribution of the leading European countries with the highest number of developers is below.

• Germany has 902,000 developers and accounts for $88.5 billion in revenue.
• The United Kingdom comprises about 850,000 professionals in the tech industry and has a revenue of $65.95 billion.
• France ranks third with up to 534,000 IT personnel and $22.55 billion in revenue.

42. The United States Holds 33% of the World’s Tech Market.

As the most prominent global market in the software industry, the US has a 33% share. This represents over $1.6 trillion of the total global market share.

43. China has Attained a $1.31 Trillion Market Size in the Software Industry.

With over 7 million IT professionals, China is among the regions with the fastest growth rate in the field. As of 2023, the country’s market size was over $1.3 trillion. With a growth rate of 11.68%, the market is estimated to reach $61.24 billion by 2028. Moreover, China has proven its supremacy in enterprise software with more than 151,000 active companies. The country is expected to see more spikes in the industry as demands keep soaring.

44. India has the Highest Percentage of IT Outsourcing Destinations, Representing 65% Globally.

With many Information Technology professionals, India leads outsourced IT works, contributing up to 65% worldwide. Also, the south-Asian country boasts over $585.57 billion as revenue in the industry. Some IT outsourced services in India include the development of mobile applications, web, custom software, quality assurance and testing, and others. The US accounts for up to 62% of Indian IT outsourcing, followed by the UK at 17%. Also, a survey estimated that India would overtake the US, with the highest number of software developers, by the end of 2024.

45. In the Philippines, the Average Salary of Software Developers Amounts to Php 365,125 Yearly.

Professionals with up to 20 years of experience and above could earn Php 2 million annually. However, beginners with just a year of practice in the field make about Php 261,000.

Conclusion

In conclusion, the software industry in 2024 is growing fast. This growth is fueled by rising global demand for digital solutions. This expansion is made possible by global teams and the use of efficient, scalable technology. Teams have also widely adopted cloud computing, AI, and ML.

But, cybersecurity is still a big concern. It has caused major investments in securing apps and data. Agile methods, DevOps, and automation tools keep streamlining development workflows. Open-source collaboration drives innovation. Ethical concerns are gaining prominence. They cover data privacy and algorithmic bias. This is happening as technology spreads into every part of society.

FAQs

References

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Do you spend quality time on the internet every single day? Those who spend much of their time browsing the internet get to meet with WordPress. It can be better called a content management system that gives a new face to businesses online.

Year after year, the number of users keeps increasing as people discover how much other businesses fare with the use of websites on WordPress. There are about 2.7 million monthly searches for “WordPress.” WordPress users publish 70 million new posts each month. WordPress powers 43.1% of all websites and has been the fastest-growing CMS since 2014.

The CMS has risen in wide leaps and bounds to cover almost every business sphere. Over the years, it has evolved, and like a mother embraces her child, so does WordPress, which is used on thousands of websites across the globe. Most business websites point to WordPress as the heart behind their designs. This goes to show how much value it has in our world today. Understanding the ins and outs of this great content management site, these WordPress statistics will help you see why it stands out and decide whether your business needs it. Let’s plunge into the must-know WordPress statistics.

Key WordPress Statistics

1. As many as 45.8% of all websites on the internet will make use of WordPress in 2023. 
2. Up to 13.1% of business websites in 2011 came under WordPress.
3. It was used in 2022 by as much as 65.2% of businesses for content management.
4. WordPress powered as large as 36.28% of the best 1 million websites in 2022. 
5. The content marketing system’s market share has risen 10% for the past ten years.
6. More than 500 websites are created by WordPress every single day of the week.
7. The site is created in such a way that persons from 205 languages can have access to its services. 
8. Spanish is the second most used site language, at 4.7%, just above Indonesia, at 2.4%.
9. WordPress powers as many as 70 million sites in the world of e-commerce.
10. The site is known to power up to 76.5 million blogs running on the global web.
11. It has become the 4th most visited site after Google, Yahoo, and Facebook.
12. Up to 181 million visits are made monthly on wordpress.com.
13. WordPress.com, a well-known site, has over 2 million themes from which users can easily choose.

General WordPress Statistics

1. As many as 45.8% of All Websites on the Internet Will Use WordPress in 2023.

A data release by W3Techs shows that as many as 45.8% of websites on the internet use WordPress. This means that 2 in every five business websites use this site. This is a rise from 43.2% at the close of the past year.

2. Up to 13.1% of Business Websites in 2011 Came Under WordPress.

The use of the site has since risen year after year by about 12% from the close of 2011. This could be seen by the 43.2% of websites in 2022 using WordPress.

3. WordPress 2022 was Used by 65.2% of Businesses That Use Content Management Systems.

A better experience can be possible when you adopt a content management system. WordPress had a field day in 2022 when 65.2% of companies used its CMS service.

4. As Large as 36.28% of the Best 1 Million Websites in 2022 Were Powered by WordPress.

The year 2022 will be remembered for a long while, as 36.28% of the best websites were serviced by WordPress.

5. As Many as 70 Million Sites in the World of E-commerce are Powered by WordPress.

The tide keeps moving toward WordPress, with 70 million sites serviced by WordPress. This does not in any way keep aside 22% of the topmost I million brands on its service radar.

6. The Site is Created so that Persons from 205 Languages Can Access its Services.

One unique thing about the WordPress site is that language is not a barrier for anyone. The platform has made a name for itself, away from 71% of sites using only English.

WordPress Usage Statistics

7. Around 810 million Sites Powered by WordPress are in Good Working Condition.

Up to 43% of websites worldwide use WordPress to run their businesses daily. This figure keeps rising at a very fast rate on the site, hitting more than 500 every single day. This feat has made it the most used CMS platform across the web.

8. About 409 Million People Get to View More Than 20 Million Pages of WordPress Every Single Day.

The road keeps getting better and better for this CMS giant each year. Up to 409 million people read through over 20 billion pages of WordPress every day of the week.

9. As Many as 77 Million Comments are Made on 70 Million Powered WordPress Posts.

Every day, 77 million comments are made by people who read 70 million-driven WordPress posts.

10. Every Second, 27 Posts are Made Public on the WordPress Service Site.

The activities of influencers all across the world make 27 new posts on WordPress a little feat.

11. Up to 132 Million Spam Remarks Make Their Way to the Site Every Month.

Many spammers, running into millions, have their eyes on the WordPress site. This is to alert you to beware of their presence and keep your email address from their reach. Double-checking your contact forms will do a lot of good in keeping spammers from your email.

12. As Many as 1.1 Million New Domains are Created Every Six Months of the Year.

Setting up a domain is like a piece of cake on the WordPress platform. The ease of creating a new domain is the reason many businesses keep flocking to the platform.

WordPress Theme Statistics

13. 13,764 Websites are Using it, and it has Placed Divi Way Ahead of Other WordPress Themes.

Divi is topping the list of themes, followed by Astra, Hello Elementor, newspaper, and GeneratorPress.

14. The Site is Known for Dishing Out Free Themes 11,014 on its Official Marketplace.

The official marketplace amounts to 11,014, leaving aside free options available to users. Free ones like Envato, ThemeForest, and ThemeIsle have made the list of the best WordPress themes.

15. Getting a Premium WordPress Theme Will Cost Around $59 to Kick Off.

Using a premium template puts you better off as timely updates are sent to you with a great support system. This will surely make you stand out among other nonusers of the platform.

16. Around 8,000 WordPress Themes can be Easily Installed and Used.

The site created themes that can be used without paying a single dime. About 8,000 themes of WordPress can be said to be free without charge.

17. It Costs About $10 to $20 to Get 23.3% of Themes on the WordPress Platform.

Delivering great themes is one feature that puts the site way ahead of others. With as low as $10, you can get a theme for your business without a strain.

18. The Avada Theme has Been Sold out to the Public More than 200,000 Times.

The Avada theme selling out more than 200,000 times has added over $12 million to the site’s purse.

WordPress Plugins Statistics

19. Browsing With WordPress’s Free 59,459 Plugins is a New Experience for Anyone.

Surfing the web with WordPress free plugins is an experience. On its site, there are 59,459 free plugins for users’ comfort.

20. Quite a Good Number of Plugins on the Platform Have Been Downloaded Over 1 Billion Times.

WordPress plugins have enjoyed over a billion times repeated use over the last couple of years.

21. Just 3% of These Plugins Have Remained the Same Way Since They Were Created.

Their developers have not restructured up to 3% of WordPress plugins at any time.

22. WooCommerce Comes in as the Most Downloaded Plugin, With a Download of Over 135 Million.

With over 135 million downloads, WooCommerce is way above other plugins. It is also the most used e-commerce site.

23. Using WordPress Puts You in the Place of Editing Code Plugins Without Touching a Code.

The site comes in as the right choice for anyone who is thinking of going into self-hosting campaigns.

24. As high as 93.7% of E-commerce Sites on the Global Web Have WordPress to Thank.

Up to 93.7% of sites involved in e-commerce activities in the last few years use its plugins.

25. Gutenberg has Fared Well for Itself, Like Every Other Downloading Plugin, With 67 Million.

Right after WooCommerce, Gutenberg is in second place, with a downloaded install of 67 million. Jetpack, Yoast Seo, and Page Builders are other known plugins on the marketplace.

26. Over the Years, Just 30 WordPress Plugins have Been Able to Reach 100,000 Downloads.

The plugin page lists beta, block-enabled, popular, and featured plugins. Of these, just a few, 30, have 100,000 active installations.

WordPress Security Statistics

27. Every Single Minute, the Site is in Danger of Having up to 90,000 Attacks.

The high rate of security attacks WordPress gets per minute each day should not be a surprise. Powering over 40% of websites worldwide is a huge deal that attracts scammers and attacks.

28. Hackers can Attack Over 70% of Installations on WordPress Sites at Any Time.

Studies showed that 30,823 installations from 42,106 duly tested ones face the risk of being hacked. This shows that 73.2% of all new installations can get into hackers’ hands. This is huge, but it shows that human error is the reason for a lot of hacking on the web.

29. As Huge as WordPress.com Created 74% of Websites with a Breach.

One study of 8,000 tested websites shows that 74% were made using WordPress. Of these, 4,000 eventually went down due to malware through a false SEO plugin.

30. More Than 28,900 Security Challenges Face the Site Day in and Out.

WordPress faces every single day 28,948 threats out of which 472 are from themes, leaving 4,657 to plugins.

Conclusion

WordPress, like every other service provider, has had its fair share of ups and downs on the web. The largest on the list are security hacks websites face daily. Remembering the need to secure one’s email address is a great place to start being alert. Even with the hacks, many companies use WordPress to create their sites. One great thing about the content marketing system is that it keeps evolving. Little wonder many companies use it to get on the web.

To better serve its users, regardless of their bank account, WordPress creates a paid and free theme from which you can choose. Users get to only pay for a hosting plan on the platform while enjoying a great experience. The future appears to be brighter for WordPress as more and more businesses get on board.

FAQs

References

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The world has recorded outstanding revolutions and changes through innovative technology and digitalization. The Internet offers the best approach to global communication and promotes a speedy exchange of information.

Following their relevance in our daily life routine, web browsers have become the key gateway to modern growth through the internet. More than 2 billion websites existed worldwide in 2020. This article presents fascinating browser statistics, facts, and trends. You will also discover more about different web browsers’ usage, device preferences, and popularity.

Key Internet Browser Statistics

1. Web browsers are now very popular among applications used by people worldwide. The solutions they offer to answer search queries have grabbed the attention of many people in the United States, about 97.6%, to be precise. 
2. Google Chrome has risen to become a force to reckon with in the online space, now estimated to have more than 3 billion users all over the globe. 
3. Before Chrome existed in 2008, there were other web browsers, among which Mozilla Firefox and Microsoft Internet Explorer led the pack as the most used. 
4. More browsers have been rolled out; as of 2018, over 112 were available.
5. Opera One has AI feature tagged Aria has garnered over 1 million users.
6. Google Chrome is now the biggest web browser in terms of usage. It even claimed most of the internet browsing market share of 63.37% in 2019; by November 2023, it dropped slightly to 62.85% as of November 2023.

Statistics on the Usage of Web Browsers

1. Chrome has done well since it entered the market and surpassed many older web browsers. It claimed 66.4% of the world’s desktop internet browser market share. Many people would rather use Google Chrome than any other US desktop browser. This table shows how much market shares other top web browsers besides Chrome have.

2. As of August 2023, Microsoft Edge, which came into the market alongside Microsoft’s Windows 10 in July 2015, could only get 10% of the total market share of all US desktop internet browsers. 

3. Although Edge is growing in popularity, it has not beaten Chrome, which still leads in the US, with a market share of about 59%.

4. The top three desktop browsers in Asia as of February 2023 include Chrome, Firefox, and Edge. Among these, Chrome retained the first position with a market share of 74%. Edge and Firefox came second and third, with 8.32% and 4.95% of the market, respectively.

5. Google Chrome is also the most used desktop browser in the UK, claiming 59% of the entire market share, while Safari followed closely, holding 15%.

6. Almost all transactions in the online space occur in just eight internet browsers. Though the internet is filled with several browsing platforms, big and small, most users prefer the prominent and tested ones.

7. Over 95% of online transactions occur on eight browsers, including Google Chrome, Safari, Firefox, Internet Explorer, Edge, Opera, Samsung Internet, and UC Browser. The remaining 5% occurs on all the other platforms.

Statistics for Mobile Browsers

8. Regarding internet usage, the number of people who use mobile devices exceeds the number of desktop users as of December 2020.

9. Mobile browser usage increased to 50.81% in 2020 from 31.36% in 2015.

10. Chrome is the most used browser on mobile devices, followed by Safari. This is because it’s designed as the default browser for most iOS devices.

11. Samsung Internet Browser has recorded over 1 billion downloads.

12. Safari was the most popular internet browser for tablet devices as of December 2021, with up to 44.5% preference.

13. Two years ago, mobile users spent an average of 2 hours and 35 minutes browsing the internet. However, an average browsing period of 37 minutes was recorded for desktop users.

14. Except for Apple’s 70% control of the tablet market, Chrome would take over the entire browser market.

15. Chrome and Opera represented 75.47% and 22.09% of browser usage for TVs as of 2019.

OS Browser Stats

16. About 88.4% of Android device users prefer Google Chrome.

17. Other browsers take up below 3% of the market share on Android devices.

18. Chrome is the lead browser for Windows users, with about 68.3% preference.

19. Safari dominates iOS devices with up to 93.23% market share.

20. Just 1.7% of Windows users prefer using Opera for browsing.

21. Chrome is the top choice among Linux users, with 54.54%. Firefox comes closely at the second position.

22. About 4.47% of iOS users prefer Chrome to Apple’s browser.

23. Coming closely behind Chrome is Safari, with over 1 billion people on its user base. At the time of the Internet Explorer’s reign, its estimated number of users fall below 1 billion.

24. About 88% of internet usage is on apps instead of browsers. Several internet engagements are on applications such as games and social media apps, not mobile web browsers.

25. With a focus on Android users, 8% of the time is spent on mobile browser apps, while 92% is spent on other mobile games and apps.

Browser Market Share Statistics

26. About 7 out of 10 people browse with Google Chrome, the most popular web browser worldwide. It has about 63.55% of the global market share, with desktop and mobile shares at 63.32% and 64.81%, respectively.

27. Its close rival is Apple’s Safari, which holds a total market share of 19.95%. Safari’s global mobile share is 24.76%, while its desktop share is 13.13%. 

28. Microsoft Edge takes the third position with an overall market share of 5.13%. Here are the market shares of web browsers as of July 2023.

29. Chrome constitutes up to 67% of the global mobile browser traffic market share.

30. Opera is among the web browsers with the least popularity.

31. mobile internet users increased by 102 million from October 2019 to 2023. Notably, 92.3% of internet users engage the web using mobile devices. This figure represents people between the ages of 16 and 64. About 65.6% of users browse mostly with desktop or laptop computers, while 12.7% use game consoles.

32. Up to 28 billion videos and photos are uploaded weekly on Google Photos. The feature stores over 4 trillion photos from users worldwide.

33. Over 5 million mobile internet users have installed Chrome since mid-June 2019.

34. The fastest mobile connection speed of 121 Mbps was discovered in South Korea.

35. Chrome has an estimated 3.22 billion active users across the world. Based on its huge market share, the estimated number of people that use it as the default browser is also big.

Google Chrome Stats

36. Google Chrome has seen over 10 billion downloads from the Google Play Store. 

37. It holds about 48% of the browser market share in the US and more than 39% of mobile traffic in the country.

38. It features Google’s Safe Browsing, which protects more than 4 billion devices on the internet.

39. Chrome takes 30.24% of the tablet marketplace in internet browsing.

40. It can block about 79% of phishing websites on the internet while browsing.

41. Chrome highlights monthly warnings to its users on over 250 million malicious websites.

42. It has about 176,600 to 188,620 extensions, with just 13 extensions holding 10 million users.

43. Chrome reflects about 63.2% dominance on Mac. It takes the lead ahead of other web browsers on the Mac systems. 

44. Though Safari adds automatically, it holds just 17.68% of Mac users, while Firefox is 4.39%. Also, Opera, UC Browser, and Samsung Internet have a considerable take on Mac. However, Internet Explorer has little or no presence.

Safari Stats

45. Safari is the preferred browser for mobile users in almost 49 out of 50 states in the US.

46. It constitutes 55.35% of the mobile browser market in the United States.

47. Safari was the first web browser to introduce a privacy mode in 2005. Though it was initially dubbed a ‘porn mode,‘ Safari became the first to feature the private browsing mode in April 2005 on its launch. 

48. The browser didn’t save users’ browsing history, autofill information, or complete other data-related online forms. Also, it will delete cookies and cached files that emerged during a browsing session once the user completes the session.

49. Apple’s developer, Steve Jobs, originally wanted to call Safari “Freedom.” However, some developers opted for “iBrowse” instead.

50. In Alaska, 77.88% of the population uses iOS for the internet. Notably, over 700,000 people in the state use Safari.

51. It ranked at the top of the tablet market with over 55% share in 2019. Safari’s tablet market dominance outweighs its desktop and mobile browsing presence.

52. Safari constitutes about 23.78% of all mobile device browsers worldwide.

53. The US government websites recorded over one billion Safari visits from June to August 2019.

54. The browser’s growth rate moved from 6.2% in 2011 to 18.34% in 2021.

Microsoft Edge Stats

55. Microsoft Edge replaced Internet Explorer, as the support for the latter ended in August 2021.

56. Edge parades more than 285 million users as of May 2023.

57. As of July 2023, Microsoft Edge is third in the global desktop browser market (10.75%) and fifth in the mobile browser market (5.13%). 

58. At the beginning of 2023, Edge emerged as the third most-used browser in the Apple App Store.

59. The Android version of the browser is the most preferred choice in the United Kingdom.

60. Edge’s Android version also ranks tenth in Google Play’s communication category. It outperformed Firefox, which is at the 15th position, Opera, and Brave.

61. About 37.77% of businesses prefer Edge for web browsing ahead of Google Chrome. A survey of several business employees showed more preference for Edge among other browsers. Chrome comes second with 33.01%. 

62. The browser can recognize about 98% of phishing websites and can block 89% of such sites immediately once identified.

Mozilla Firefox Stats

63. Firefox parades more than 250 million users worldwide.

64. The mobile version of the browser has recorded over 100 million downloads on Android devices.

65. Firefox’s non-English version rakes more users; over 50% prefer engaging with it.

66. The number of people who use Firefox increased, giving it 32.21% of the global market share in November 2009. This happened when Firefox 3.5 exceeded Internet Explorer 7. As of August 2023, Firefox has become the fourth most preferred internet browser, with 3.14% of the global market share.

67. Volunteers wrote up to 40% of Firefox source code. Over 1,000 volunteers contributed to the browser’s source code.

68. Firefox has a tracking-proof feature; about 1.3% of users use it to avoid being tracked.

69. It claims just around 0.48% share of the entire mobile browser market.

70. Firefox users spend at least 5 hours on the browser daily.

71. Despite being in the market for longer, Firefox has only a 3.52% share of the entire US market, but it managed to retain just about 3.82% of the web browser market share in Africa. However, it still has more glory in Germany since it is the third-choice browser for Germans, making up 10.91% of the country’s market share.

72. Within the desktop market, Firefox raked at 7.28% as of September 2022, meaning that more users prefer the desktop version of Firefox to the mobile version.

Browsers Security Statistics

73. Google Chrome prioritizes its users’ security and safe browsing. It has displayed over 250 million warnings of malicious websites.

74. Google offers a Safe Browsing tool that protects over 4 billion users from phishing attacks, viruses, and other suspicious invasions.

75. The costs of data breaches are quite on the high side. The average cost in 2020 was about $3.86 million.

76. Regarding security updates, Chrome takes 15 days to complete, with Firefox following closely with 28 days. Internet Explorer takes 30 days, while Safari comes far behind with 54 days.

77. Google has indicated and exposed more than 1,000 malware sites and over 40,000 phishing websites since 2020.

78. UC Browser is the most popular browser for blocking ads on the Internet. It boasts more than 400 million users globally.

79. As of January 2021, Firefox had witnessed 1,873 vulnerabilities, topping among browsers that underwent attacks. Google Chrome followed in second place with 1,858 attacks.

80. In 2021, bad actors breached up to 3 billion Yahoo accounts, making it the second-biggest data exploit in history.

81. Firefox will still have 175 to 180 million active users worldwide every month in 2023.

82. The browser is more popular in Europe, making up 5.55% of the market. It emerged as the fourth most used browser, trailing behind Edge, Safari, and Chrome, which secured the third, second, and first positions, respectively.

83. However, Firefox has less presence in Asia as it falls behind the top six browsers in this region.

Conclusion

The facts we have presented on web browsers show that Google Chrome is the leader, with over 63% of the global market share. With mobile devices, apps are gradually gaining more internet engagement. Besides Chrome, prominent browsers like Safari, Firefox, Microsoft Edge, Samsung Internet, and UC Browers indicate a significant presence. However, Internet Explorer is retard, slowing into oblivion as Edge makes a wonderful replacement.

FAQs

References