April 13, 2024

Are you aware what social media success seems like for your corporation?

Like most areas of promoting, outcomes fluctuate primarily based on {industry}, audience, and the power to create content material that draws prospects.

Rival IQ launched its annual Social Media Benchmark Report for 2023, the place manufacturers in 14 industries evaluate their social media efficiency towards different manufacturers in the identical aggressive panorama.

The info set covers social media engagement on Fb, Instagram, TikTok, and Twitter for two,100 firms throughout quite a few industries, starting from meals & beverage to tech.

The Fb following of the businesses analyzed ranges from 25,000 – 1,000,0000, and all have over 5,000 followers on Instagram, TikTok, and Twitter.

The next are the highest insights advertising professionals must know.

General Engagement

Between 2019-2022 all industries have seen a drop in total engagement on Fb, Instagram, and Twitter.

Fb and Twitter solely confirmed a slight change in engagement.

For Fb, it dropped to 0.06% in 2021, sustaining that fee the next yr. For Twitter, it dropped  0.01% between 2019-2022.

Weekly posting over time for each networks has fallen from 5.8 to five posts per week on Fb and 5.4 to three.9 posts per week on Twitter.

However, Instagram noticed a a lot bigger drop, from 1.22% to 0.47%. However in contrast to Fb and Twitter, weekly posting on this platform has elevated from 4.3 to 4.5 posts per week.

Fb Engagement

Throughout all industries, Fb’s median engagement fee per submit by followers is 0.06%.

The median variety of weekly posts throughout all industries is 5.04, with media posting probably the most at 73.5 occasions weekly. That is probably as a result of media firms publish extra information content material than manufacturers in different industries.

Instagram Engagement

Throughout all industries, Instagram’s median engagement fee per submit by followers is 0.47%.

The median variety of weekly posts throughout all industries is 4.6, with sports activities groups posting probably the most at 15.6 occasions weekly.

TikTok Engagement

Throughout all industries, TikTok’s median engagement fee per submit by followers is 5.69%.

The median variety of movies per week throughout all industries is 1.75, with media posting probably the most at 4.2 occasions weekly.

Twitter Engagement

Throughout all industries, Twitter’s median engagement fee per submit by followers is 0.035%.

The median variety of weekly tweets throughout all industries is 3.91, with media tweeting probably the most at 70.2 occasions weekly.

Prime Put up Sorts

One of the best kinds of posts on every social community fluctuate by {industry}.

Photograph and video posts drive probably the most engagement on Fb, whereas hyperlink and standing posts have the least.

Social Media Engagement Rates Dropping Across Top NetworksScreenshot from Rival IQ, March 2023

For Instagram, the information signifies that companies ought to focus content material creation efforts on Reels, carousels, and images. Video posts not uploaded as Reels are likely to have the least engagement.

On Twitter, posts with images, movies, and statuses present probably the most engagement, whereas Tweets with hyperlinks are likely to have the least.

Prime Hashtags

Hashtags fluctuate considerably throughout industries and platforms. Vacation hashtags are likely to generate probably the most engagement throughout all industries, whereas contests and giveaways have dropped in reputation in comparison with earlier years.

Social Media Engagement Rates Dropping Across Top NetworksScreenshot from Rival IQ, March 2023

Key Takeaways

The important thing takeaway is that every {industry}’s viewers is barely totally different. Whereas meals & beverage manufacturers see the most effective engagement with Instagram Reels, greater schooling manufacturers see the most effective engagement with Instagram carousels.

To get probably the most out of your social media technique, discover methods to rework your content material into the format that will get the most effective engagement on every of the highest social networks. This can make sure you attain probably the most potential prospects with the content material they take pleasure in consuming.

For 100+ pages of industry-specific insights, go to Rival IQ and obtain the 2023 Social Media Bookmark Report.


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