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Talk Of The Town: TikTok Hurts Facebook, Twitter’s Market Share In India

Talk Of The Town: TikTok Hurts Facebook, Twitter’s Market Share In India

TikTok has increased its market reach to 28% in 2019 from 1.12% in 2018

On average, TikTok user spends about 34 minutes on the platform

TikTok’s popularity in India has resulted in Facebook and Twitter losing 40% of the market share

Even as ByteDance-owned short video platform TikTok continues to gain popularity in the Indian market with over 200 Mn users, it has come at the expense of new downloads for Facebook and Twitter in India.

A recent report by Kalagato revealed that TikTok’s growth in India is not just in terms of downloads, but also in terms of engagement. On average, a TikTok user spends about 34 minutes using the app, which is just 10 minutes behind the average time spent on Facebook.

In August 2019, TikTok witnessed a massive increase in its market reach of 28% of new downloads in social media category, compared to last year (January 2018) when it had 1.12% of all downloads. Facebook saw a slight rise to 80% from 75% in January 2018 in terms of new downloads, while Twitter saw a fall of 3% in its reach in August 2018.

TikTok has managed to multiply its user base from 38 Mn in 2018 to 68 Mn in 2019, with having over 200 Mn users overall, of which 120 million are monthly active users, as per Statista report.

Amidst the staggering competition in the social media market, TikTok is trying hard to mark its position in India. Earlier this year, TikTok made an announcement that it will be investing $1 Bn in the country, after investing $100 Mn in the Indian market in April 2019, however, the timeline of this investment is uncertain at the moment.

Despite the temporary ban on TikTok, the app has grown from strength to strength and is currently looking at investing in #Edutok, its educational content operations. The company defines it as a “multi-phased integrated initiative aligned with the wider objective of democratising learning for the Indian digital community on the platform.”

In simple terms, this is an attempt to popularise bite-sized e-learning content across India, through the virality of TikTok videos. The topics being covered range from subjective educational lessons through edtech platforms to videos that offer tips on health and mental awareness, and motivational talks.

While Facebook CEO Mark Zuckerberg criticised ByteDance and TikTok, saying Facebook stands for ‘Freedom of Speech,’ unlike any product that comes from China, hinting at its rival, the reality is that TikTok has strong momentum in the Indian market, and it would be hard to Facebook to ignore that as more and more users join the bandwagon.

Author

Inc42 Staff
Business Journalist

Amit Raja Naik is a business journalist for Inc42 Media. A startup enthusiast, who loves to write about technology, people, process, culture and more. You can also find him regularly performing shows with his music band in Bengaluru, India.

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