Key Takeaways
- In 2023, global social media users watched over 16 billion videos daily across platforms like TikTok and YouTube Shorts
- TikTok's average session length reached 10.85 minutes per user in Q4 2023, up 5% YoY
- YouTube Shorts garnered 70 billion daily views in 2023, representing 20% of total YouTube views
- Global social video ad spend hit $50 billion in 2023, growing 20% YoY
- TikTok ad revenue reached $18 billion in 2023, up 50% from 2022
- YouTube's total ad revenue from videos was $31.5 billion in 2023
- 95% of 18-24 year-olds use TikTok for video content daily in 2023 US survey
- Gen Z (born 1997-2012) spends 4 hours daily on social videos, 2x more than Boomers
- Women aged 25-34 represent 40% of Instagram Reels active viewers in 2023
- 90% of global brands prioritize video in social strategies per 2023 CMO survey
- TikTok has 1.5 billion monthly active users with video-first interface in 2023
- YouTube hosts 500 hours of video uploaded per minute across all formats in 2023
- Videos with captions see 12% higher engagement on social platforms in 2023
- User-generated social videos convert 4.6x better than branded content in 2023
- Average social video watch time is 15 seconds, with 80% drop-off after 10s in 2023
Short-form video continues to dominate social media across all platforms and audiences.
Demographics and Trends
Demographics and Trends Interpretation
Market Growth
Market Growth Interpretation
Platform Statistics
Platform Statistics Interpretation
User Engagement
User Engagement Interpretation
Video Consumption
Video Consumption Interpretation
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