1/3 of the most viewed stories are from businesses.Most followed Instagram business category is Home & Auto with 120K followers.Influencer marketing takes up more than half of the marketing budget for 17% of marketers. ![]() There are more than 500,000 active influencers on Instagram.70% of shopping enthusiasts turn to Instagram for product discovery.Annual Instagram advertising revenue is projected to reach around $40 billion in 2023.*No official figures reported Instagram for Business Instagram accounted for 17% of the time S.Instagram users spend an average of 1 minutes per day on the platform.teens say Instagram is the best way for brands to reach them about new products or promotions. ![]()
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