Though cybersecurity awareness grows, study after study indicates escalating data breach activities against individuals and enterprises—2022 saw this sinister trend continue its upward climb globally at a record scale.

Data breach statistics show that the average cost increased by 2.6% to $4.35 million in 2022 from $4.24 million in 2021. In critical infrastructure organizations, however, the average cost of a data breach is $4.82 million. As society progresses firmly into the digital age, safely navigating its benefits and risks proves paramount.

This piece offers readers insight by examining the latest data breach statistics for 2024 and beyond. Learn crucial details surrounding prominent breach events, from root causes to victim impact spanning multiple industries. Additionally, discover expert predictions around emerging cyber threats on the horizon, along with proactive security controls organizations and private citizens can employ right now to help turn the tide against the rising data breach epidemic. Let’s dive in.

Key Data Breach Statistics

1. Breaches that result from phishing take as long as 295 days to get resolved.
2. Phishing attacks account for almost 22% of all cases of data breaches that happen today. 
3. Cloud-based Data breaches take up a large chunk of 45% of cases.
4.  Hospitals are not left out of the loop, as 30% of all data breaches occur there.
5.  A whole lot of accounting records, up to 42 million, got into the hands of strangers from March to February 2022.
6. Yahoo experienced its share of data breaches when an identity thief crept into its database, carting away information affecting 1 million persons. 
7.  Quarter one of 2022 won’t be quickly forgotten as it recorded 817 breaches in the United States. 
8. Up to 19% of planned data breaches were successful because the bad players got help from an insider. 
9. Studies show that 77% of businesses do not have the skills to help them resolve data breaches. 
10. Most of Facebook’s breach issues in 2019 resulted from data leakage.

Major Data Breach Statistics

1. Malware Attacks Have Risen More Than Ever Before in 2023.

There has been a rise in malware attacks today more than ever before. This is true as data shows a 2% rise in malware attacks year after year. Many experts think this trend is due to the rise of crypto-jacking and the activities related to the Internet of Things. 

2. Taking Note of a Breach Can Take As Long As 287 Days.

Spotting a data breach took an average of 287 days back in 2021. The delay was because of the lack of security expertise and how complex IT has grown. The complexity at which cyberattacks have grown is also one of the reasons for the lengthy time. 

3. Healthcare Bears 30% Brunt of Cyberattacks.

Hospitals, which ought to be a place of relief for many, are not in any way spared from the risk of data theft. Healthcare in 2021 suffered a heavy blow when a data breach hit 51% of hospitals. As large as 337 breaches took place in the first half of that same year. This caused a major setback for 19,992,810 people and brought the need to tighten cybersecurity in the sector. 

4. A Large Percentage of Malware Comes in Through Email.

Verizon’s findings show that most of the cybersecurity issues we have seen in the past were 94% from Email. These findings stemmed from real-life situations of 41,686 incidents and data breaches, reaching 2,013 over the same period. 

5. Our Errors As Humans Rear Up 88% of Data Breaches.

As humans, we are not above mistakes. Many may forget to log out from their devices, mistakenly disclose their password, or absent-mindedly click on bad links. In one way or another, these errors open a window for bad actors to infiltrate the system and steal one’s data. A study made by Stanford University shows that human errors are what causes 88% of the data breaches we experience today. 

6. Ransomware Victims Doubled Between April 2022 and the End of March 2023.

Bad people often inject malware to lock an individual or organization’s system, hindering access unless they pay a ransom. Records show that the number of times bad people use this antic has doubled, especially between April 2022 and March 2023

7. Picus Security Sent Out a Message to the United Kingdom FCA on Cybercrime.

Freedom of information (FOI) was sent to the financial conduct authority of the United Kingdom, requesting the agency to look into the rising cases of cybercrime, which has been pouring in for a couple of months. The FCA had 55 cases of material cyber issues on its desk in the first half of the year 2022. Several cases of cybercrime, precisely 25%, that occurred in 2022 were from distributed denial-of-service (DDoS) attacks. This was quite startling as it was just 4% at the close 2021. 

8. Data About 200 Million Voters Was Leaked Out in 2017.

The year 2017 will remain in the minds of many citizens of the United States for a long time. Up to 200 million voter data went viral online, which brought a question mark to the whole process. 

9. eBay Was Not Spared From the Menace, As 145 Million of Its Records Got leaked. 

The 2014 records of eBay got exposed to the public, causing 145 million of its data to be laid bare before hackers.

10. TJX Companies Inc. in 2007 Had a Breach that Carted Away 94 Million of its Records.

TJX, just like many others, witnessed a security breach that affected many records. As many as 94 million of the company’s records went into the hands of hackers in 2007. 

Data Breach Cost Statistics

11. Solving An Issue of Ransomware Can Cost An Average of $5.13 Million.

Times are changing, and so has the cost of fixing data breaches, which has risen in no small way. Getting off a ransomware attack cost an average of $5.13 million in 2023. This is 13% more than what it had cost last year. 

12. It Now Costs $165 Per Capita to Resolve a Single Case of Data Breach.

The average cost per capita in handling one case of breach is now a dollar higher than in 2022.

13. The Cost of Taking off Data Breaches From the Necks of Hospitals has Risen to $10.93 Million.

Healthcare has not been the same since 2020, as the cost to settle data breaches reached $10.93 million. For 13 years and counting, it has taken the spotlight in terms of ridding of data breaches. 

14. It Cost a Huge Amount of $4.95 Million to Completely take Away a Data Breach that Lasted Up to 200 Days.

Casting away a data breach that lasts up to 200 days can swallow up to $4.95 million.

15. Over 50% of the Time Spent Solving a Breach Comes in the Next Year.

Most businesses can get back 51% of the money they had spent on solving a breach of data issue in the next year.

16. 2023 has Much to Bring to Mind As the United States Takes a Large Chunk of Data Breach Cases.

The country, standing at $9.48, has spent the most on clearing off cases of data breaches in just 2023. The Middle East has been following closely with the trend, with $8.07 million as its average cost. 

17. A Jumbo Breach that Hits 60 Million Records Costs As Much As $332 Million.

Mega breaches, which are as high as 60 million records in 2023, cost an average of $332 million. This is low; it was $401 million just two years ago.

18. Hospitals Habitually Spend 64% More Just on Advertising After a Breach Hit.

Most healthcare centers will spend money on adverts after lying low for two years. This they do to gather more clients after the dust of a data breach has settled down.

19. The Costliest Attack Standing on the Web is Phishing, With $4.9 Million.

Phishing is now high in 2023, with costs taking up to $4.9 million to resolve.

20. Companies that Are Carefree on Data Breaches Use Up An Average of %5.05 Million.

Defiance to the rise of breaches does cost a business an average of $5.05 million to attend to an issue. This is way higher, with 12.6% of what companies that are mindful of attacks spend. 

Ways by Which Breaches Happen

21. Persons Who Work Within the Scope of An Organization Are the Reason for 83% of Data Breaches.

Most breach cases in businesses are schemes plotted by persons in the system. Up to 83% of breaches in companies worldwide come from an insider.

22. Quite a Large Number of People Started Stealing Data for Quick Money.

Money is the sole reason why 95% of people take the risk of hacking into companies’ records.

23. A Total of 95% of Records that Were Breached Arose From the Retail, Technology, and Government Sectors in 2016.

Like the retail and technology sectors, the government was dealt a huge blow with attacks from data hawks in 2016. These sectors made up 95% of the attacks over that year.

Lifecycle and Average Time of Response

24. Picking Out a Case of Data Breach Takes An Average of 204 days.

Almost all companies around the globe spend an average time of 204 days sorting out cases of data breaches.

25. It is Much Faster to Identify Cases Using Threat Intelligence.

Spotting out cases can never be faster than when you use threat intelligence in our world today.

26. Solving an Issue of Data Breach With a 200 Lifecycle Can Cost An Average of $1.02 Million.

Nothing can be so frustrating as going around the case of a data breach. An organization spends an average of $1.02 million to get a data breach off its back.

27. It Takes An Average of 73 Days to Contain a Case of Data Breach.

Clearing off an issue of a breach in data takes most firms an average of 73 days.

Data Breach and Remote Workers

28. Experts Say That Remote Work Has Caused a Rise in the Number of Cyber Attacks.

Cases of cyber-attacks have skyrocketed since the rise of remote work. The remote work trend now has its downside, with 91% of experts stating a rise in cyber attacks.

29. As High as 62% of Businesses Saw a Rise in Cyber Attacks Throughout the Pandemic.

As businesses strove to get over the storm of the pandemic, data thieves heightened their means to make money for themselves. Having a statistic of 62% was indeed a cause for alarm as most saw this as a duel of the fittest. Companies were further put on their toes in securing their database as many hunts to lay hold of it. 

Finance and Data Breach

30. It Costs An Average of $4.45 Million to Solve a Case of Financial Data Breach.

The finance sector, like others, year in and year out, is hit by this peril called data breach. Clearing off a case costs as much as $4.45 million today.

31. Beanstalk Farms Lost $180 Million in April 2022.

A finance site, Bean Stalk Farms, lost $180 million to a crypto raid.

32. Payments Made by Crypto Players Rose to Hit $449.1 Million During the First Part of 2023.

Attacks by ransomware on crypto were not in any way friendly, resulting in the loss of $449.1 million at the beginning of 2023. 

Conclusion

Data breaches are problems that have caused many companies to lose not just money but also the public’s confidence. It has become a cause of concern to many experts looking for the best ways to curb this menace. Many people have been victimized and left to bear the brute of these attacks. None can be said to have been spared from healthcare, delivery, or social media companies. Almost all facets of life have felt the hard blow from data breaches today. The world will see less of this menace in times to come when all hands are placed on deck.

FAQs

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Looking for a family-friendly holiday destination in Asia for a safe and affordable vacation? You’ve come to the right place.

We’re delighted to present this guide to the safest vacation destinations in Asia for families.We highlight the top family-friendly Asian destinations in terms of safety, value, and things to do.

Let’s dive in.

Top 10 Family-Friendly Asian Escapes

A family-friendly holiday is first and foremost a safe and comfortable destination, and a place where people of all ages can relax and have fun. The ten locations in Asia on our list offer that, and more.

A lot of these countries have seen very little tourism during COVID-19 and are excited to welcome people back.

Bali, Indonesia

The peaceful tropical paradise of Bali is rich in relaxing and cultural experiences that would appeal to children and adults alike. If you’re looking to relax as a family, many hotels on the island offer spas, yoga classes, and Bounce Bali that are catered towards both kids and parents.

If you prefer a more active vacation with your kids, you can spend your time exploring temples, going to animal encounters (watch out for the monkeys!), or learning water sports. The well-developed tourism sector, the friendly locals, and the country’s commitment to supporting its nature will ensure a safe and enjoyable vacation for your family.

Indonesia is one of the most affordable countries in Asia, so if you’re a family of digital nomads, you’ll have a great time here. Make sure to keep an eye on the latest travel advice to Bali, and note that it’s illegal to bring certain medications into the country, such as ADHD medication.

Singapore

This Asian country is one of the best in the region in terms of quality of life. Singapore is a country renowned for its cleanliness and safety, and offers plenty of family activities.

A mix of concrete “jungle” and… the actual jungle, the South-East Asian nation offers sights that’d surely capture the attention of kids of all ages. Attractions, such as the Universal Studios theme park, the Singapore Zoo, the S.E.A Aquarium, and many others, would ensure an exciting and safe vacation for an entire family.

To make sure your time in Singapore is hassle-free, we recommend familiarizing yourself with the local laws. For example, don’t pack chewing gum, as it’s illegal in the country, and don’t litter.

Phu Quoc, Vietnam

The largest island in Vietnam, Phu Quoc, offers beautiful untouched landscapes of rainforests and sandy white beaches. Whilst it lacks the bustle of Singapore or Tokyo, Phu Quoc is a perfect family vacation destination if you’re looking for some peaceful, relaxing time of lying on a beach, building white sandcastles, or teaching your kids to snorkel.

If you’re looking to introduce your kids to off-the-beaten path destinations and instill a love for traveling, this island is an excellent starting point.

The island is still a somewhat undiscovered destination and its peaceful vibe makes it a safe haven. However, if the kids get bored, you can take them to the Vinvonders amusement park. To make sure your holiday is as safe as possible, always carry some form of photo ID and a copy of your visa if applicable, and respect local customs.

Koh Samui, Thailand

This Thai island is a perfect first-time Asian vacation for a family. It has a well-developed tourist infrastructure, offering a plethora of hotels with swimming pools beloved by children and adults alike.

On Koh Samui, you often have a choice between lying by the pool and on the beach – something people of all ages enjoy.

That’s not to say, though, that the island doesn’t offer other activities. There’s plenty to see with your family, from the Big Buddha Temple to the Namuang Waterfalls. Not to mention, the beautiful nature and the colorful markets.

Thai locals love children, and the hospitality staff is always available to help. Just keep an eye out for pickpockets when you’re strolling through the markets, and take care when hiking.

Phuket, Thailand

Another Thailand destination on our list is Phuket. It’s a widely popular and vibrant family vacation destination with a well-developed infrastructure.

Whether you want to spend all your time on the beach or by the pool, or feel like exploring the island, there are plenty of activities on offer. From several water parks to elephant sanctuaries and Old Town walks, there’s something for people of all ages.

Given its developed infrastructure and friendly locals, Phuket is a very safe destination for families. We recommend you avoid the tuk-tuk altogether due to the sheer number of scams and take extra care when doing water sports such as rafting, since many mountain rivers in Phuket can be quite dangerous.

Dubai, UAE

Don’t let the shiny, futuristic architecture intimidate you – Dubai is an excellent family vacation destination. The theme parks like LEGOLAND Dubai and IMG Worlds of Adventure, the water parks and pools, the KidZania, and many other kid-tailored venues make it a paradise for children and adults of all ages.

For adults, there’s plenty of shopping to do: you can visit the largest mall in the world whilst kids have the time of their lives in KidZania.

The hyper-modern destination is clean and safe. However, make sure that you observe the cultural norms of the country, especially when venturing outside the tourist areas, and don’t walk barefoot.

Jeju, South Korea

The volcanic landscape of the South Korean Jeju island is prime for exploring as a family. The unique nature of the national parks, the cool Lava Tube, and the Jeongbang Waterfall flowing directly into the sea are only a few attractions for adventurous families and are great for family bonding.

For those that prefer more traditional kids’ activities, there’s also plenty to do in Jeju, from the Loveland Park and the Aquaplanet Aquarium to all-day exploring of a tangerine farm.

The island’s nature and the well-implemented safety measures make it a safe destination for a family that’s both exciting and tranquil. However, do keep in mind that not many locals speak English, so might be worth learning a little Korean to avoid any misunderstandings.

Tokyo, Japan

Unlike many other destinations on our list, the bustling Japanese capital doesn’t offer off-the-beaten path hiking trails and white sandy beaches. However, plenty of families with kids of all ages enjoy visiting it.

With its iconic theme parks like Disneyland, DisneySea, and Yomiuri Land, the Pokemon Center, and the Sanrio Puroland, the kids would surely make a lot of memories. For those who prefer more educational entertainment, Tokyo has plenty of museums and historical sites, as well as cultural experiences.

The capital of Japan has one of the best infrastructures in the world and very clean streets, making it one of the safest cities in the world. However, do keep in mind that any big city has at least some level of crime and stay cautious.

Kyoto, Japan

If you love the idea of taking your family to Japan but would prefer to avoid the hustle and bustle of Tokyo, consider Kyoto instead. The culture-rich city offers a plethora of opportunities to introduce your children to the local traditions like tea ceremonies and kimonos.

For a bit of fun, Kyoto also has theme parks and interactive museums, which everyone in the family would enjoy.

Most of all, though, the city of Kyoto is a peaceful and serene place where you can truly bond as a family. It offers plenty of amenities, and is considered very safe. However, be mindful of the crowds as it can get very busy during the tourist season.

The Maldives

One of the top 3 countries in Asia for quality of life, the Maldives is a shining example of a paradise-like family vacation destination. Many resorts on the islands are all-inclusive and offer beach villas tailored towards families with children who’re looking to relax and bond together.

Of course, the beautiful beaches and water activities are the islands’ primary attraction for families. However, there are plenty of clubs and activities on offer in most resorts.

One of the very few drawbacks of the Maldives as a family holiday is the length of the flights: most flights to the Maldives are quite long if you depart from a Western country. That, plus the very hot and humid weather, could make the destination a bit tricky for very young children.

How to Make Your Asian Escape Safer for Your Family

Embarking on an Asian adventure is a dream come true for many families. However, ensuring the safety of your loved ones is always a top consideration on a vacation. Here are some of our tips on how to make your Asian family holiday as safe as possible.

Get Travel Vaccinations

In 2024, most countries don’t require proof of COVID-19 vaccination. However, there are some travel vaccinations you should consider.

Whilst there aren’t any vaccines required for any destinations on our list at present, it doesn’t mean that that’ll always be the case. For instance, many countries recommend getting a yellow fever or a hepatitis A jab when traveling to Indonesia.

Of course, the risk of contracting infection is very low. But, by taking such proactive measures, you can help mitigate such risk even more for your entire family and ensure a holiday free of preventable medical disasters.

Comply With Local Laws & Religious Observance

Some of the countries on our list are religiously conservative and deviation from their observances and customs is frowned upon. Even if tourist areas are generally tolerant, you’d likely venture outside them, where stricter rules may apply.

For instance, in the UAE, modest attire is expected. Additionally, being aware of any religious holidays during your trip can help you plan accordingly and avoid cultural misunderstandings.

It’s also a good idea to have a basic understanding of local laws and inform your young ones about them. For instance, make it clear to them that it’s not allowed to litter in Singapore.

Also, some countries outlaw public displays of affection, so be mindful of that. You might not agree with the customs and laws, but it’s best to navigate them with respect and sensitivity, as you’re a guest in their country.

Mind the Local Tap Water

Your family might be used to routinely drinking tap water back home, but not every Asian country has the luxury of safe tap water. In fact, only four countries on our list offer tap water that’s safe to drink, as you can see from the infographic.

A common cause of travel sickness is drinking water that’s not considered safe for human consumption. Even if tap water is considered safe to drink in this country, your digestive system might not necessarily be used to the way that water is treated, which can be quite unpleasant.

To avoid water-related illnesses on your holiday, make sure to stick to bottled water, and avoid drinks with ice if possible. You can also boil water or use water purification tablets if necessary.

Family-Friendly Holiday Destinations in Asia: Is It Worth the Trip?

A family holiday in Asia will likely be one of the best experiences of your lives. The region has a lot to offer, from beautiful nature to exciting theme parks, inspiring cultural experiences, and much more.

However, traveling as a family can be challenging, especially having to navigate safety concerns when visiting a place you’ve never been to. We hope that this guide has served you well as a starting point in this challenging journey.

Remember to take all necessary precautions. It’s a hassle, but it pays off in the long run and helps you enjoy your holiday anxiety-free!

Sources

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The light therapy market statistics are, first and foremost, a reflection of society’s increased emphasis on healing, care, and innovation. Secondly, they’re part of a large healthcare and health-tech market which has wide-ranging medical and commercial implications.

But what is light therapy?

Light therapy, also known as phototherapy or red light therapy, is exposure to natural or artificial light executed for medical purposes. Its use can be dated back to ancient civilizations that venerated the sun, but it first saw widespread use in the 20th century. Today, light therapy is widely used to treat many physical and mental conditions.

This significance of the light therapy market is a big reason why we put this guide together. In this guide, we’ll share with you the size of the light therapy market, its popularity across the world, and the most common types and applications. We’ll also introduce you to the key market players. Let’s dive in.

Key Light Therapy Market Statistics

Light Therapy Market Size & Revenue

Reports by Grand View Research and Global Market Insights stipulate that the value of the light therapy market was $1 billion in 2022. It’s forecast that by 2032, the market will grow to exceed $1.5 billion at a CAGR of 6.3%.

Some of the big reasons for such accelerated growth are:

Light Therapy Market Statistics by Region

Light therapy is popular all around the world, but some markets are bigger than others. In this section, we’ll take a look at the different regions’ light therapy market statistics.

North America

In 2022, the North American region accounted for over a third of the overall light therapy market, or $346 million, making it the largest market overall. As you’ll see later in this guide, many key players in the market are based in the US, so the large slice is no surprise.

Europe

In terms of growth of the European light therapy market, the forecast CAGR is 4.6% – lower than the global average. As you can see from the infographic above, in 2020, Germany was the leader in the European region in terms of the light therapy market value, which was $55.8 million. The country is also forecast to be the frontrunner in 2027 when the value of its light therapy market is expected to reach $80.7 million.

The Eastern European region is estimated to be a close second to Germany in 2027, with a $56.3 million market by 2027. The smallest market is Spain – in 2020, the market was less than $17 million, and is forecast to reach $24 million by 2027.

APAC

North America might be the largest light therapy market in the world, but the Asia-Pacific market is the fastest-growing one. Its projected CAGR for 2023-2030 is 5.6%. The main reasons for this accelerated growth are the increased investment in telemedicine and higher awareness of light therapy, as well as increased sleep disorders.

Light Therapy Statistics by Type

When it comes to light therapy, there are multiple different types of equipment on offer, all of which are meant for different use cases. Some of these types include LED light therapy equipment, fiber optic equipment, and conventional light therapy equipment (or compact fluorescent equipment). We’ll go over each of them in this section.

Conventional Phototherapy

By 2027, the global market value of conventional phototherapy devices is expected to surpass $250 million. Conventional phototherapy uses halogen or compact fluorescent lamps. It’s commonly used for treating conditions like hyperbilirubinemia and jaundice in newborns (more on that later), as well as for several other medical cases.

A 2011 study from India surmised that conventional halogen phototherapy used to treat hyperbilirubinemia in infants was just as effective as LED phototherapy. However, another Indian study published eight years later questions this.

According to its findings, the conventional phototherapy treatment led to a smaller decrease in serum bilirubin than the LED treatment. Those findings imply that LED therapy treatments could be more effective than conventional phototherapy. Let’s look at them in more detail.

LED Phototherapy

The predicted 2027 value of the LED phototherapy devices market isn’t too far behind conventional phototherapy – $209.4 million, to be precise. Originally intended for growing plants in space, today, LED is a popular treatment for skin conditions and wound healing. It’s also known as “red therapy.”

A study published back in 2001 stipulates that LED can shrink a wound by up to 36%. Moreover, it even improved musculoskeletal training injuries of Navy SEALs by over 40%.

Modern studies seem to support this. However, researchers also stipulate that while LED therapy can be effective for the conditions described above, further evidence is needed to confirm its effectiveness for cancer and weight loss treatments.

Fiberoptic Phototherapy

While not as well-known as its above light therapy counterparts, fiberoptic phototherapy is nonetheless a popular form of treatment. Like conventional phototherapy, it’s also commonly used to treat neonatal jaundice and hyperbilirubinemia. In fact, its market value is predicted to surpass LED phototherapy in 2027 and reach $222.1 million.

A 2021 African study examined the effectiveness of fiberoptic phototherapy vs. conventional therapy in treating hyperbilirubinemia. The conclusion was that fiberoptic phototherapy was equally effective as blue light conventional phototherapy but considerably more effective than white light phototherapy. Moreover, the study proposed the possibility of using fiber optic equipment to treat any conventional therapy side effects.

Light Therapy Statistics by Application

Now that you’ve grasped the size of the light therapy market, we’d like to take you through its key applications. This section will feature the main use cases of light therapy, and we’ll explore how effective it’s been in treating them.

Skin Conditions & Melanoma

One of the biggest clinical applications of light therapy is skin condition treatment. That market is expected to grow to $495.1 million by 2027 (up from $367.1 million in 2020).

A big reason for such growth is the effectiveness of light therapy against skin diseases and abnormalities. According to a 2018 report by the Ablon Skin Institute and Research Center, LED light therapy can heal post-surgery wounds and treat acne, psoriasis, and even certain carcinomas. The study examined a specific device, and here are its key findings:

Therefore, as you can see, light therapy has a lot of merit when it comes to skin conditions. There’s also evidence that light therapy, or photodynamic therapy, is effective against melanoma. With almost 100,000 new melanoma cases emerging in 2023 in the US alone, it’s vital to pay attention to the effectiveness of the non-invasive treatment.

Light Therapy and Cancer

A 2022 American-German study suggests that red light (RL) phototherapy can decrease the growth of cancer cells and tumors. A Japanese study from the same year proposes the usage of light therapy delivered via microneedles and shows that there’s potential for it to work with blue light.

However, both studies agree that there’s still a lot of work to be done in relation to phototherapy cancer treatments, as it’s not a perfect method and hasn’t been researched enough.

Sleep & Mental Health Disorders

Light therapy has long been used to treat sleep disorders and mental health disorders, such as depression, anxiety, SAD, and PTSD. For example, a 2005 study shared in the American Journal of Psychiatry confirms that bright light therapy treatment’s impact on depressed people was comparable to that of SSRI drugs.

According to the study referenced above, treating a depressed patient with a 10,000 lux device for 3 hours per day yields the desired results – a significant reduction in symptoms of nonseasonal depression.

Other studies also stipulate that light therapy has a positive impact on post-traumatic stress disorder victims. For instance, a 2022 study published in the Military Medicine Journal suggests that bright light therapy can reduce PTSD scores in veterans by about 33%. However, it doesn’t bring about PTSD remission by itself.

That’s not to say, though, that light therapy should be the end-all-be-all solution for mental health issues. For example, its impact on schizophrenia is still questioned by psychiatrists, although there have been some studies by Science Direct suggesting its somewhat positive impacts.

In terms of sleep disorder treatment, light therapy treatments also offer some benefits. A study by UNC-Chapel Hill researchers confirms the positive effect of light therapy on sleep disorders in older persons. However, the same study, as well as others, admit that the research is inconclusive and the impacts of light therapy are small to medium.

SAD

SAD, or seasonal affective disorder, affects a huge number of people, especially those living in the Northern regions of the planet. It manifests in low moods, concentration issues, and other symptoms of depression, particularly during the winter months when days are shorter.

It’s very common to treat SAD with a form of light therapy by exposing patients to bright lights. This is usually done through special bright lamps with more than 10,000 lux. The light therapy treatment has proven effective over the years. For instance, one study stipulates that 61% of SAD patients had their symptoms disappear within 4 weeks of treatment.

Another study shared in the American Journal of Psychiatry, published in 2005, confirms the light therapy’s effect on SAD. It further stipulates that an adequate dose of light therapy for SAD is a minimum of 4 days of at least 3,000 lux-hours.

“A significant reduction in depression symptom severity was associated with bright light treatment.”

American Journal of Psychiatry, Volume 162, Issue 4.

Jaundice

Neonatal jaundice has long been treated with phototherapy. This market is forecast to reach $201.8 million by 2027. That’s not surprising, considering that about 50% of full-term babies and 80% of premature newborns can develop jaundice. Furthermore, the global infant phototherapy market size (including jaundice) is projected to reach $140 million by 2030.

The light therapy method for treating jaundice is used in most countries, with the most common methods being blue light and blue-green light. UV therapy is rarely used on newborns due to the risk of gene mutation.

Key Players of Light Therapy Market

Now that you know about the market size of light therapy and its most important use cases, it’s time to consider who’s making it all possible. In this section, we’ll go over the key players in the light therapy industry.

Verilux Inc.

Vermont-based Verilux Inc. is one of the oldest active light therapy equipment providers. Founded in 1956 and acquired by Bear Down Brands in 2020, the company offers therapy lamps known as HappyLight and SmartLight.

The privately held company doesn’t disclose its financial information. Many of its products are below $100, making them an accessible choice for light therapy. The New York Times and CNN both recommend Verilux HappyLight lamps for light therapy in 2024.

Philips

The Dutch giant Koninklijke Philips N.V. is a well-known manufacturer of domestic appliances, including light therapy. First created in 1891, the company can trace its roots in the light industry to that very year when it was a lightbulb seller.

Today, Philips’ primary focus is healthtech, such as light therapy. The latter products are primary for consumers, and their price point is much higher than Verilux’s. Although Philips shares their revenue information, it doesn’t disclose which portion of it is attributed to light therapy solutions.

Northern Light Technologies

This manufacturer of light therapy products is younger than the industry veterans listed above. Founded in 1989, NY-based Northern Light Technologies, or NLT, offers US-manufactured light therapy lamps known as BOXelite, LUXOR, and a handful of others.

The company is a founding member of the Circadian Lighting Association trade association – an industry body for SAD light therapy products. It’s been recommended by the American Psychiatric Association.

Like most other private companies, NLT doesn’t disclose its finances. However, the cost of its products is somewhat higher than Philips.

Upcoming Key Trends in Light Therapy

Unfortunately, we don’t have an LED-powered crystal ball. But what we do have is this guide, where we delved into various scientific reports, studies, and statistics on light therapy.

Based on what we learned, we believe that we can make educated guesses as to the future trends impacting the light therapy market.

We’re going to do just that in the final section of this guide. Let’s dive in.

Scientific & Technological Advancements

It goes without saying that light therapy is a scientific and technological innovation. In this guide, we went over several studies of light therapy, many of which admit there’s still a lot of work to do to fully unravel its potential.

When it comes to science, the only way is forward, so it’s very likely that in the next few years, we’ll see more scientific breakthroughs in light therapy. And given the large-scale investments of many governments into health-tech and med-tech, chances are that we’ll be seeing many amazing light therapy gadgets, too.

Wearables Integration

The wearable technologies market is growing at an exponential rate, thanks to Apple Watch and similar gadgets. We’re convinced that the portability and accessibility of wearables can take light therapy to new heights.

For instance, LED-equipped wearables, such as glasses and biosensors, can deliver targeted therapy directly to the skin or even through the eyes. Such integrations with wearables would not only be convenient and more efficient, but can also facilitate real-time monitoring and adjustment of light exposure, thus potentially aiding in medical research.

Increased Accessibility

At the moment, many companies are offering home light therapy devices. The increasing prevalence of such devices can make light therapy more accessible and affordable, saving people from having to go to a medical facility.

Since most insurance packages don’t cover light therapy, making more home devices can reduce costs for a lot of people and equip medical researchers with more data than ever.

Is Light Therapy Here to Stay?

The short answer – yes. The long answer – also yes, but it’ll encompass even more medical use cases than it does today.

Light therapy might have originally been created by NASA to grow plants in space, but it has since evolved into a million-dollar industry, making a difference in people’s lives every day. From acne and eczema treatments to psoriasis, wound healing, and even melanomas, phototherapy works as a non-invasive treatment option with few side effects when done right.

We at TechReport are always keen to find out more about innovations for the good of society. For that reason, we’re really excited about seeing more scientific breakthroughs in the field of light therapy and geeking out about the technology making the most of them.

Sources

The post Light Therapy Market Statistics: Shedding the Lights on Current Trends appeared first on The Tech Report.

Enterprise Resource Planning (ERP) systems have existed for several decades, specially developed to increase coordination between manufacturing industries. Later on, ERP made progress in boosting its services by involving many other back-end professionals.

Technological advances have always accompanied the history of ERP and will continue to support business growth. SAP sprouted to improve data quality across enterprises.

SAP, Systems Applications and Products, is a top ERP software vendor and related products. SAP is suitable for all business sizes, especially big brands. Small and medium-sized businesses represent 80% of SAP’s customers.

Every year, ERP trends undergo changes that make it more dynamic. SAP is a multinational German Enterprise Development Software service designed by SAP SE to adopt such developments. These insightful SAP statistics show the wide acceptance of SAP products and services in different sectors and the firm’s worldwide market position. This article also gives insights into interesting statistics on SAP usage, workforce, jobs, products, customer statistics, and additional facts.

Key SAP Statistics

1. SAP is headquartered in Waldorf, Germany.
2. There are over 21,000 SAP partner companies around the globe.
3. Over 1,226 websites use SAP Commerce Cloud.
4. SAP has over 200 website users in the UK.
5. Global transactional revenue goes through the SAP system at 77%.
6. 29.5% of SAP executives are women.
7. SAP employees hail from 157 countries in the world.
8. 42 is the average age for employees at SAP.
9. SAP has over 24,000 SAP consultants in the US.
10. The entry-level salary of an SAP employee is $80,000.
11. SAP consultants in Texas earn an average of $127,443.
12. Over 7 million salespeople use SAP Sales Cloud.
13. SAP is a top leader in the enterprise application market.
14. SAP Business One has over 65,000 customers all over the world.
15. Between 2010 and 2019, SAP’s income grew by almost twofold.
16. In 2020, SAP ranked 1st on Forbes’s Best Employers for Diversity list.

General Facts and Statistics of SAP

1. A Group of Former IBM Employees Founded SAP in 1972.

IBM gave Xerox rights to SDS/SAPE software as compensation for its exit from the computer manufacturing industry in 1971. This enabled Xerox to migrate its business systems to IBM technology. Five ex-IBM engineers together developed software products, left IBM Tech, and established SAP in 1972. The company started as a private partnership under German Civil rule. 

2. SAP has Its Headquarters in Walldorf, Germany.

SAP’s first product launch in 1973 was a guiding light for developing other software module systems. A few years later, SAP moved its headquarters to Walldorf, Baden-Württemberg, Germany. SAP carried out most business decisions and operations from its headquarters for several years. 

3. SAP has 97 Data Centers in 35 Locations in 15 Countries and Six Regions.

After many decades, SAP spread its tentacles around the world. Recent data shows that the multinational ERP software company has data center locations across six world regions. These regions include North America (33), South America (2), Middle East and Africa (11), Europe (28), Asia (19) and Oceania (4). 

4. Around the World, there Are 21 SAP Laboratories.

Statistical data shows that SAP has around 21 Labs spread across 17 countries. The individual labs are focused on specific applications, technology, and entering the developed IT market. The most prominent SAP labs are in Germany, Israel, Japan, and the US. Interestingly, SAP labs are located in high clusters around the globe to develop and bring improvement to SAP’s major products.

5. There Are More Than 21,000 Partner Companies in SAP.

SAP partners collaborate to provide various software products to support the new-age technology, SAP. These products include database storage systems, hardware, networks, and mobile computing technology. SAP has partnered with 21,000 extension partners to provide functionality compatible with Sap technology. These products are further certified and supported by SAP Company.

Usage Statistics of SAP

6. Over 1,226 Websites Utilize the SAP Commerce Cloud in the US.

Statistics show around 1,229 SAP Commerce Cloud users are in the US. However, there are over 84,675 live websites that make use of this SAP product in total. Some top users of the SAP Commerce Cloud include gamespot.com, gaainger.com, ppboys.com, etc. The SAP Commerce Cloud is a scalable platform that provides users with innovative, adaptive, and insightful commerce experience.

7. Over 799 Websites Utilize SAP Commerce Cloud in Germany.

With strong B2B and B2C capabilities, SAP Commerce Cloud meets the business needs of an innovative e-commerce system. This tool is one of the most effective tools for engaging customers worldwide. SAP Commerce Cloud usage varies across different countries. This platform is used in Germany by over 799 websites. Some websites that use SAP Commerce Cloud in Germany include shop.uat.gea.com, watch-wiki.net, eshop.weidmueller.com, etc.

8. Around 312 Websites in Spain Use SAP Commerce Cloud.

Statistics show over 312 website users of the SAP Cloud services. A few websites that use this SAP platform are public.es, webshop.franke.com, b2b.pepejeans.com, etc. Interestingly, SAP Commerce Cloud is a merchandise of SAP Hybris that helps sustain businesses while running profitable B2B Commerce businesses.

9. There Are Over 200 Websites that Make Use of SAP in the UK.

The SAP Commerce Cloud is utilized by an estimated 243 websites in the United Kingdom. Pearson.com, primark.com, and shop.yell.com are some websites that use the SAP platform in the UK. This platform enables an experience and easy access to several channels for B2B and B2C transactions.

10. Netherlands, France, and Italy Constitute 390 SAP Users.

SAP Commerce Cloud websites in the Netherlands are estimated to be 160. In France, there are 136 websites, and in Italy, 94 website users. It has an enabling design that works with the rest of your business architecture and can increase efficiency and productivity.

SAP Statistics on Transaction Usage

11. The SAP System Handles 77% of the World’s Transaction Revenue.

Statistics show that 77% of transactions globally touch the SAP software platform. This is a testament to SAP’s efficiency as one of the leading global ERP services with efficient solutions.

12. In Total, Consumer Purchases Worldwide Amount to $16 Trillion.

Most of the world’s most valued businesses use the SAP software system. SAP manages the world’s largest business network, with over $22 trillion in consumer purchases worldwide. Previously, global transaction revenue generated using the SAP platform was estimated to be $16 trillion and has significantly increased over the years. 

SAP Workforce Statistics

13. The Female SAP Leadership Accounts For 29.5% in 2023.

One of SAP’s core goals is to raise the number of female executives by 25% for gender diversity. Over the years, women have occupied leadership positions even though they need to be improved to meet their targets. Women in management at SAP increased over the years, from 19% in 2011 to 28.3% in 2021 and 29.4% in 2022. As of Q3 2023, SAP hit 29.5% of women in its management team.

14. As a result, Over 75% of SAP’s Employees Are Shareholders.

Interestingly, the software company gives employees, including executives, diverse investment programs that help boost SAP’s success. Statistics show that approximately 75% of SAP employees own the company’s shares in 2023. Other statistical data from 2017 show that approximately 20% and 56% of SAP shares are owned by co-founders and institutional investors, respectively.

15. The Employees of SAP Are From 157 Countries.

SAP has offices spread across different countries of the world. Research data shows that the employees at SAP have 157 nationalities across the globe. SAP helps the world run more smoothly and improves people’s lives through its global network of customers, partners, employees, and leaders.

16. There Are 145 Countries With SAP Employees.

The enterprise platform integrates many functions into the system to ensure the smooth running of businesses. The platform booms with evidence in over 145 countries across the globe. Given the wide use of ERP software worldwide, there is also increased demand for management experts.

17. There Were Over 105,000 SAP Employees in 2023.

Recent data shows that there are currently over 105,000 employees at SAP from over 157 countries worldwide. In 2020, the company recorded approximately 101,450 employees, indicating a significant increase in staff strength.

18. The Employee’s Retention Rate At SAP Stands at 94.8%.

Research data shows the employee retention rate as of the third quarter of 2023 hit 95.6%. Previously, SAP’s employee engagement index hit 95.3% and 92.8% in 2020 and 2021, respectively. The retention rate is the company’s way of measuring the length of time employees work for the organization.

19. The Average Age of An Employee At SAP is 42.

Generally, there is no cut-off age for beginning a career in most business environments, especially in an organization like SAP. SAP is a company that offers opportunities for its employees to find or choose a career or success path. 57% of SAP Consultants are 40+ years old or older, 30% are between 30-40 years old, and 13% are between 20-30 years old. Statistics show that the average age of all employees at SAP is 42.

Job Statistics for SAP

20. In the United States, there Are Over 24,000 SAP Consultants.

SAP consultant roles are highly male-populated; this implies more male employees than their counterparts in the US. There are over 24,000 consultants employed at SAP. These SAP consultants are dedicated to finding software that satisfies the needs of organizations. They offer solutions that would help transform their customers’ businesses and help accelerate growth.

21. Houston, TX, and Atlanta, GA, Constitute the Majority of These SAP Consultants.

Atlanta, GA, and Houston, Texas, are blossoming environments for diverse businesses with major brands requiring SAP services. Statistics show that the most common places for SAP consultants are Houston, Texas, and Atlanta, GA. In the transformation of traditional business operations through SAP tools, consultants have an opportunity to make a major impact in Atlanta. With the added benefit of enjoying Houston’s rich, welcoming community, SAP consultants can expect to be immersed in a culture of innovation.

22. SAP Consultants Receive An Average Annual Salary of $151,105.

Statistics reveal that as of October 2023, the annual salary of an SAP consultant in the US, on average, is $151,105. However, the typical salary range typically falls between $126,000 and $218,000. Salary range can vary greatly depending on important factors, such as education, certification, location, other qualifications, and years of experience.

23. The Starting Salary of An Employee At SAP is $80,000.

Note that salaries vary by department and geographic location. The estimated entry-level salary of an SAP employee as of September 2023 is $80,000 per year. After gaining experience, the salaries of the employees change. The most experienced employees’ salaries are higher than those of starters at SAP.

24. The Highest-Paid Consultants Make Over $122,000 a Year.

SAP technical consultants earn the highest salaries on average all over the organization. In addition, the technical consultants at Benjamin Moore are the highest-paid of any company. Statistics show that the best consultants at SAP earn an average of $122,000 yearly. Also, these technical consultants in the utilities industry are the most-paid in the US.

SAP Statistics by State

Job opportunities vary from state to state, and careers at SAP are no different. It is difficult to decipher which states are the best for SAP consultant jobs, but the statistics compiled here will help. Research data shows that Oklahoma is considered the best state in the country for SAP consultants, whereas North Dakota is the worst.

25. SAP Consultants Working in Washington Earn An Average Salary of $127,443 Annually.

The salary range of a consultant at SAP in Washington falls between $113,065 and $138,294. Interestingly, the average annual salary of an SAP consultant in Washington, DC, is $127,443 as of October 2023.

26. The Average Salary for An SAP Consultant in Vermont is $110,248 Annually.

The salary range of a consultant at SAP in Vermont falls between $97,809 and $119,634. Interestingly, the average annual salary of an SAP consultant in Vermont is around $110,248 as of October 2023.

27. The Average Annual Salary of a SAP Consultant Working in Texas is $127,443

The salary range of a consultant at SAP in Texas falls between $100,907 and $123,423. Interestingly, the average annual salary of an SAP consultant in TX is approximately $127,443 as of October 2023.

28. An Annual Wage of $112,767 is Typical for SAP Consultants Working in Wisconsin.

The salary range of a consultant at SAP in Wisconsin falls between $100,907 and $123,423. Interestingly, the average annual salary of an SAP consultant in Wisconsin is estimated to be $127,443 as of October 2023.

29. The Average Salary of the SAP Consultant in Georgia is $112,445 Per Year.

The salary range of a consultant at SAP in Georgia falls between $99,758 and $122,018. Interestingly, the average annual salary of an SAP consultant in Georgia stood at $127,443 as of October 2023.

SAP Customer Statistics

30. Small and Medium-Sized Companies Account for 80% of SAP Customers.

SAP reports that 80% of its customers (small and midsize enterprises) utilize their software for business solutions. SAP cloud solutions combine built-in industry and scalable business best practices to manage new markets, models, languages, and currencies. Although SAP mostly comes in when big brands are mentioned, small and medium-sized businesses utilize SAP’s platform.

31. SAP Customers Account for 98% of the Top 100 Brands in Terms of Value.

In the tech industry, most of the leading brands by value are SAP customers. 98% of the most valued businesses in the world make use of SAP’s software and products. Undoubtedly, SAP is a leading provider of enterprise software applications for major industries worldwide. SAP integrates business processes to implement easy-going financial processes and legal controls.

32. SAP Customers Represent 92% of the Forbes Global 2000 Companies.

Just as the name is, SAP is its ERP product as well. As one of the leaders in the enterprise application market, the company has reflected its efficiency among the most valued companies on Forbes. How are SAP customers ranked on Forbes? According to statistics, a vast majority of leading Forbes Global 2000 companies are users of SAP software. 

33. The SAP Customer Base is 86% of the Fortune 500.

Factually, around 86% of companies on the Forbes 500 list make use of the SAP platform. SAP is the preferred choice of enterprise software for most companies on the Forbes 500 list.

34. The SAP Sales Cloud Has Over 7 Million Sales Agents Using it.

SAP provides sales automation solutions that simplify the selling process, allowing salespeople to establish long-term customer relationships. Research data shows that SAP has over 7 million sales agents utilizing the platform to accelerate sales through guiding sales management.

35. There Are 66 Million SAP Concur Users.

SAP Concur manages, in one system, all expenses, travel, and invoicing spending. SAP Concur user base across the globe is estimated to be 66 million. Concur solutions provide a management approach for end-to-end expenditure, which improves the visibility of transactions, increases efficiency, and simplifies processes for everyone.

36. The Number of Users for SAP SuccessFactors is Over 267 Million.

SAP SuccessFactors is a Human Capital Management (HCM) cloud-based software solution. This SAP product handles talent, analytics, workforce planning, payroll, employee experience, and HR management. Across the globe, there are over 267 million users of the SAP SuccessFactors solutions.

37. There Are Over 150,000 Customers on the SAP Cloud Platform.

For cloud applications, SCP provides a development and runtime environment. This platform is optimized for integrating app development, data analytics automation, and more into a central environment. The efficiency of this platform is reflected in its customer base of over 150,000 customers. 

38. On SAP Ariba, More Than 4.8 Million Businesses Are Active.

SAP Ariba is a cloud-based software whose core purpose is to integrate procurement solutions to reduce disruptions in finance and operations. By applying tools, services, and expertise, workforce and customer needs are met, and supplier risks and market uncertainties are curbed. According to the statistics, SAP Ariba recorded over 25,000 new suppliers to its customer base during the pandemic. There are currently over 4.8 million businesses connected to this platform.

39. As Many As 35 Million People Can Work from Anywhere with SAP Cloud Solutions.

The SAP Sales Cloud solution allows enterprises to deliver unprecedented sales engagements by integrating an all-around view of all customers and interactions. This platform offers automated and streamlined business processes to equip sellers with recommendations and analytics. Quite a significant number of people can utilize the SAP Sales Cloud remotely. Statistics reveal that over 35 million users can access this platform anywhere.

SAP Product Facts and Statistics

40. SAP is Europe’s Largest Software Company.

SAP has a strong appearance in the software market. It is Europe’s leading HR software for small, mid, and large companies. Although there are other leaders in the software market, SAP is the only software company in Europe specifically known for offering ERP solutions. Due to that, the German firm can be considered the largest software company in Europe.

41. SAP is the Number 2 Enterprise Application in the Global Market.

SAP has remained the largest enterprise app in the market for 40 years. However, Salesforce ERP surpassed SAP in 2022, becoming the world’s largest enterprise application, with SAg in second position.

42. SAP is the 3rd Biggest Software Company in the World.

Aside from SAP being the largest software company in Europe, it is the third largest globally. As of 2020, the company’s revenue stood at $30.63 billion to attain this position among other giant software companies.

43. SAP is the World’s Third Most Commonly Used Customer Service application.

The platform enables consistent service experiences for all contact channels by connecting customer contacts from various channels in a single solution. SAP Service Cloud has features to help businesses deliver efficient customer service, making it the third most used customer service app.

44. SAP is Number 6 in the Global Customer Relationship Management Market.

According to 2021 Statistics, SAP ranked sixth among the top 10 CRM systems in the market. The app can track marketing and customer service and manage sales plans and territories, including contracts and billing. Interestingly, more general customer experience-type tools are being migrated to SAP CRM from a sales automation tool.

45. SAP is Indisputably One of the Best, Ranking Third Worldwide in the Software As a Service (SaaS) Market.

SAP rubs shoulders with SaaS sector giants like Microsoft and Salesforce. That’s why SAP is considered the third-leading SaaS company, accounting for 4.5% of the global SaaS companies by market share.

46. SAP is Number One in the Global Supply Chain Management (SCM) Market.

Statistics from 2021 show that SAP led the pack with 11.8% of the SCM market. Oracle came 2nd, and Blue Yonder followed closely. Supply Chain Management applies to purchasing, logistics operations, and resource management.

47. SAP is Number One in the Worldwide Enterprise Resource Planning (ERP) Market.

According to the ERP Research report, SAP is the largest ERP vendor in the world. This firm is well known for its numerous products, including ERP, that fit all business sizes. The company’s products include SAP Business Network, SAP Commerce Cloud, SAP SuccessFactors, Supply chain Logistics, etc. 

SAP Business One Statistics

48. SAP Business One has Been Designed for Small to Medium-Sized Companies. 

SAP Business One is an app built for all small and mid-business sizes instead of being a simplified version of SAP’s bigger products. The app is an integrated product of the world’s biggest ERP provider, SAP, with its top-tier user interface. With this platform, users can access high flexibility with reasonable control over data displayed on the transactional screen. In addition, users can configure look-up windows, set access security, and do lots more on this platform.

49. SAP Business One is Certified on the AWS Cloud.

SAP HANA is a version of the SAP Business Ons that is accessible and endorsed by AWS Cloud. Some AWS functions for SAP Business One are speed, agility, flexibility, and capacity elasticity. The expertise in design, implementation, migration, and management of SAP workloads for Amazon Web Services is validated by the certification issued.

50. In Total, SAP Business One is Used by Over 65,000 Customers Worldwide.

SAP announced its 65,000 customers during the 10th anniversary of its product SAP HANA in 2020. It is confirmed that around 5,000 customers are added yearly hosted by SAP. Since the launch of SAP Business One product SAP HANA, the app has delivered customer value and satisfaction. This platform can be used to deal with competitors and win deals across the globe.

51. Large Companies Cao Support Their Subsidiary Operations or Pilot Projects in the Mew Markets Using SAP Business One.

This amazing SAP product, SAP Business One, helps small- to medium-sized businesses grow in new markets. The staff strength doesn’t determine the growth of the business, as expansion into new locations is possible via this platform. Large enterprises manage and integrate their subsidiaries’ operations with Business One to drive revenue and penetrate new markets. 

52. More than 550 Industry-Specific Integrations Exist on SAP Business One.

All industry-specific solutions are pre-packaged and fully integrated to enable automated workflows tailored to your company type. SAP Business One has over 550 industry-specific integrations in its name. The application provides end-to-end support for many industries and specific Retail and Engineering services functions. Others include Food & beverage production, Aviation, Life Sciences, and Oil and gas.

53. The SAP Business One App is Available on iOS Devices.

SAP Business One can be accessed from any location and anytime on iOS operating devices like iPhones and iPads. The SAP Business One App is available for iOS-enabled devices on the App Store. It’s easier than ever for businesses to access live data at any point through the powerful capabilities of iOS and SAP Cloud Platform.

SAP Financial Statistics

54. Between 2010 and 2019, SAP’s Revenue Increased Almost Twice.

According to statistics, SAP’s revenue grew from $16,551 million to $30,859 million between 2010 and 2019. These figures indicated approximately a double increase in the revenue generated. This shows how well SAP has done for itself within the stated period. This revenue was achievable from the numerous and efficient services and products the firm offers its customers.

55. Europe, the Middle East, and Africa accounted for 43% of SAP’s Revenue.

Research data shows that the enterprise application firm generated over 13.1 billion euros in revenue. The Europe, the Middle East, and Africa (EMEA) region made up 43% of SAP’s revenue in the 2022 financial year. Additionally, Germany contributed about 34% of the total revenue generated in the EMEA region in the same year.

56. America Represents 42% of SAP Revenue.

Statistics reveal that around 42% of SAP’s revenue in 2022 came from the US. In 2022, the company made revenue of 13.3 billion euros in America alone. Additionally, the total revenue generated by SAP across all regions amounted to 31 billion euros worldwide.

57. Asia Pacific and Japan Constituted 15% of SAP Revenue in 2022.

Statistics reveal that revenue from the company in the Asia Pacific Japan region was 15% of the company’s total revenue in 2022. The full year’s revenue for 2022 from this region hit 4.495 billion euros, indicating a 29% increase on the previous year’s revenue.

Stunning Facts About SAP

58. Instead of Spelling Out the Letters S-A-P, IT Experts Prefer to Pronounce SAP Like the Word “sap.” 

SAP is an initialization and not an acronym. In essence, each letter is pronounced individually as S-A-P. SAP is not pronounced as a word (sap), and contrary to some misconceptions, SAP is pronounced as single letters (S-A-P). Most IT professionals prefer to pronounce SAP as one word rather than by the initials.

59. SAP Changed its Nomenclature in 1976.

SAP originates from the German phrase “Systemanalyse und Programmentwicklung,” which means (System Analysis and Program Development). In 1976, SAP changed to “Systeme, Anwendungen und Produkte in der Datenverarbeitung,” which translates to “Systems, Applications, and Data Processing”. The company is now known as SAP SE (Societas Europaea), reflecting its current position as a European public company.

60. Forbes Ranked SAP As the Number One Best Employer for Diversity in 2020.

SAP came first on the Forbes Best Employers for Diversity ranking in 2020. SAP, the world’s leading enterprise software company, jumped eight spots on 2020’s list from 2019 to top it with an 85.89 score.

61. SAP’s Stock Price For the Past Year Oscillated Between 96.12 Euros and 146.62 Euros.

SAP’s success is also evident in the value of its stocks. Google statistics show that SAP’s stock price was 145.32 euros as of November 30, 2023. For the 2023 year to date, SAP’s stock price ranges from 96.12 euros to 146.62 euros. 

Wrapping Up 

When businesses think of enterprise-class solutions, SAP always comes to mind. The company has never stopped extending its tentacles to reach more people. The comprehensive data quality features, integration, profiling, and text data processing suite have made SAP’s progress seamless.

Its enduring success since its birth in 1972 shows how reliable its solutions are. As a result, SAP has earned the trust of individuals and organizations who rely on its solutions for effective data management. The platform’s remarkable employee retention rate of 94.8% shows its workers are happy. It also reflects the strength, satisfaction, and commitment of the staff who work tirelessly to bring SAP to where it is today. The above statistics provide insights and trends on the world’s most used and popular enterprise application. 

Frequently Asked Questions

References

The post 60+ Important SAP Statistics and Facts in 2024 appeared first on The Tech Report.

Hewlett-Packard, or HP, holds strong as a titan in the computer industry, capturing roughly 20% of the total market share. This American tech powerhouse emerged in 2015 following the split of the Hewlett-Packard company. Today, HP competes neck-and-neck alongside Lenovo, Dell, and other leaders.

Yet HP’s origins stem back to 1935 in a humble garage, thanks to its founders William Hewlett and David Packard. What started as an electronic testing tool business eventually gained steam in the budding PC space. HP’s innovations extend beyond personal computing and into servers, storage devices, networking equipment, and more.

Now, HP offers products and services spanning individual consumers to major enterprise corporations. HP’s diverse technological capabilities cement its Silicon Valley staple. This gives HP a competitive edge over endless innovations emerging from old and new tech giants. The forthcoming explores some eye-opening HP statistics and lesser-known history behind one of tech’s most prolific trailblazers – HP. Let’s dive deeper.

Must Know HP Statistics 2024

1. Hewlett-Packard started as an idea conceived in 1939 by two ambitious individuals, Bill and David. They started the now-giant tech company in a tiny garage in Palo Alto, California. 

2. Their first big break came when they scored a contract to create tech gear for Disney’s Fantasia movie. With this, HP is a serious player in creating IT hardware.

3. Fast forward to November 2015. HP made a big move by splitting into two entities, Hewlett Packard Enterprise and HP Inc.

4. One of the entities was to focus on storage, servers, and tech services. At the same time, the other entity keeps on creating top-notch and top hardware and software. Despite this split, both branches have stayed incredibly successful, remaining multi-billion-dollar giants. Surprisingly, both companies grew!

5. By 2019, HP had launched 104 other companies, incorporating them into its impressive legacy. Within its 100-year journey, this company has grown from a one-car garage platform to a true heavyweight in tech.

6. According to Volza’s Global Import data, the world brought in a staggering 451.4K shipments of HP laptops. These were brought in by 7,718 importers from 6,433 suppliers.

7. Most HP laptops were imported from China, the United States, and Singapore. The country that imports the highest number of HP laptops is India, bringing in 390,108 shipments. Closely tailing behind India is Peru, with 15,849. Vietnam comes third with 10,298 loads.

8. The top three product categories for HP products imports have the HSN codes 84713010, 8471300000, & 84713020.

These figures were last updated on November 9, 2023, based on Volza’s comprehensive global import-export data from 70 countries.

HP Statistics About Market Share

9. Unarguably, HP is a giant among PC producers. It earned the world’s best PC creator title in 2007. But it relinquished the title to Lenovo, another PC king.

10. By committing to producing high-class products, Lenovo outshined HP in 2013. It didn’t end there, as Lenovo also won the best PC manufacturer in the world.

11. Not long after Lenovo‘s remarkable success, Dell came into the picture and started competing with HP and Lenovo. HP and DELL also became prime rivals in 2022.

12. HP’s kingship remains incontestable Regarding hardcopy equipment, such as the printing machines market. Users have attested that HP produces the best printers. It even ranked no.1 in 2021.

13. HP successfully claimed about 18.8% share of the personal computer market worldwide in 2022.

14. Without a break, the tech firm has continued to increase its market share since 2012.

15. The best PC manufacturers, including Dell, HP, and Lenovo, totaled 60% of the global PC market share in 2022.

16. Hewlett-Packard (HP) is the highest PC supplier in the United States. It delivers up to 22.7% of personal computers to individuals and organizations. This highlights HP’s stronghold in the American computer market.

17. Hewlett-Packard is a web hosting provider; however, it’s 0.1% less than other websites.

18. Surprisingly, the company renders services to websites with heavy traffic compared to other big hosts like Shopify and Amazon.

19. When it comes to gadgets, PCs, smartphones, tablets, etc., people expect to spend more than $810 billion on them in 2022. That’s a serious chunk of change flying into the tech world!

HP Statistics – Employees

20. In 2014, before splitting into two founders did the big slit on the companies, HP had a staggering 300,000 people working for them worldwide.

21. Last year, HP PC company had roughly 51,000 employees all across the globe.

22. more than 66% of the team in an HP office are men, while only 34% are women.

23. Regarding diversity, over 55% of HP’s team is White, with smaller percentages (17% and 13%) of Latinx and Asian workers, respectively.

24. An HP employee has worked at HP for about 6.6 years.

25. A typical HP worker also takes home an annual paycheck of around $78,427.

26. In 2017, the company held the spot as the 12th largest employer in the US. That’s a considerable number of folks working together to keep things running!

27. The garage where Bill Hewlett and David Packard first started HP is now an official California Landmark. 

28. It’s known as the ‘Birthplace of Silicon Valley.’ However, in 2014, HP faced legal issues, being found guilty of three separate instances of bribery involving top government officials in Poland, Mexico, and Russia. 

29. These payments were aimed at securing significant contracts. On a different note, 2007 Hewlett-Packard achieved a milestone by surpassing $100 billion in sales revenue for a financial year, becoming the first technology company to reach this mark.”

HP Statistics – Products

30. As a company, HP keeps making more money with the continual decrease in computer parts. The company profits are at the top of the tech radar, and it doesn’t look like they’ll decline soon.

31. In 2021, HP invested significantly in its future by channeling over $1.9 billion into research and development.

32. The computer hardware category of HP Ground generates a large amount of revenue every year.

33. HP printers are one of the top revenue generators in the hardware category. The printers are usually reliable and have established a firm relationship with the business community.

34. In 2017, 3D printing and virtual reality were presented as new additions to HP, boosting the ego of its users.

35. The HP group publicly announced that large quantities of PCs were sold per quarter at a summit in 2022.

36. HP’s eco-friendliness was clearly shown in 2020 after the company refined and recycled millions of plastics into other products. This move boosted HP’s presence in the market and attracted more followers and, subsequently, investors.

37. Over the years, HP has made no less than 60 billion dollars, showing a significant and consistent rise in its annual revenues.

38. It branched into different units that bring in revenue. One part oversees personal computer and printer sales, while another oversees enterprise software, servers, and storage. Both units make billions of dollars from massive product sales every year.

39. HP accommodates 58,000 employees from around the world under its umbrella. This massive workforce consists of creative minds and people with diverse talents. They all work tirelessly to maintain HP’s giant position in the tech industry.

HP Statistics – Earnings

40. The tech giant has had its fair share of ups and downs. This often translates into its income, which increases or decreases depending on market conditions. No wonder HP got 3.2 billion dollars as its annual income in 2022, less than in 2021.

41. HP had approximately $64 billion as its total earnings in 2021, showing an increasingly favorable market for the brand.

42. The Personal Systems section in the HP group accrued over $43 billion in income in 2021.

43. In the same year, 2021, HP printing machines made outstanding progress, raising over $20 billion in sales profit. This massive number tells us that printing machines occupy a significant market position.

44. Supply and allocation as a sector under the HP group had their gross income close at $13.5 million as of August 2022. The sector is still moving forward and may even outpace this level in years to come.

45. HP amassed a revenue of over $20 between 2016 and 2021, as confirmed by the company’s official website.

46. HP doesn’t joke with advertising. It makes it a top priority to ensure that people in every region and walks of life know about its product. Unsurprisingly, HP spent over $829 million in 2021 to attract more customers.

47. HP’s share prices went downhill last year, dropping by nearly 50% from $41.47 in 2021 to $26.11 in 2022. Although this is a major blow, things could eventually shape up once market conditions improve.

48. The group attained an earning lineup of 9.61% in 2022; to date, they still have up to 9.71% return on assets (ROA).

Additional HP Statistics

49. HP Boasts an Extensive Collection of Products.

Interestingly, HP produces everything from personal computers to printers and other accessories. They offer various top-notch products perfect for individuals and business utility. HP always provides something to its users every year, irrespective of their budget.

50. HP Focuses Solely on Sustainability.

The firm is very serious about its corporate responsibility, aiming to decrease its ecological trail. HP cuts down conservatory gas emissions. They encourage recycling efforts and produce energy-efficient products as part of their creativities.

51. HP Products Help Educate Their Users.

The company knows that education is essential for improving invention and improvement. For this reason, they put more effort and investment into providing tech solutions. Most of the tech solutions are intended for schools and educational institutes. Also, HP’s products and services support the needs of modern learning settings.

52. HP Provides its Users With Extensive Support.

Customers needing help can contact HP’s comprehensive customer support via their official website, call centers, and approved service providers. It is also straightforward for users to find troubleshooting guides, drivers, and software updates. HP ensures that its help services are hassle-free and reliable.

53. HP Ranks High as One of the Companies that Produces Durable and Long-lasting Products.

Users celebrate HP products for their quality and durability. HP thoroughly tests and ensures that its products are top-notch before distributing them. And this has earned them a loyal consumer base across the globe.

54. The PC Company HP Focuses on Security.

Due to the evolving cyber threats in today’s tech world, HP prioritized Security. They offer their users numerous advanced security features, which include encryption, secure boot, and biometric authentication. These fantastic features help safeguard their users’ data and confidentiality. 

55. HP has Various Team Members.

The HP company solely values diversity and inclusion among its employees. They believe that with diverse team members, different perspectives and fresh ideas will be obtained. Novel thoughts turn to fuels of inventions and creativity. The company also promotes equal chances and strives to create a helpful and inclusive work environment for everybody.

56. HP Contributes Energetically to the Social and Environmental Causes.

HP company strives to create a positive effect on society. With many benevolent activities, the firm has supported the community. These activities include supporting education, relieving the world from disaster, and running environmental conservation projects. These initiatives show that HP is strongly devoted to giving back to the community.

57. HP Stands Out Among All Companies That Offer Printing Technology.

The PC company has a rich history in printing and continues to innovate in this area. They supply printers, including everyday inkjet and heavy-duty ones built for commercial use. HP printing solutions are famous for delivering exclusive results and dependability.

58. HP is Actively Helping the Business World.

The HP company offers excellent solutions to businesses all over the world (whether big or small). With their top-tier servers and networking tools to software and services, HP provides companies with comprehensive solutions to improve their productivity and effectiveness.

59. HP Solely Invests in the Invention.

Hewlett-Packard devoted a vital part of its revenues to research and development. The company joined forces with top universities and research institutions to improve artificial intelligence, 3D printing, cybersecurity, and more.

60. Hewlett-Packard has Gotten a Heavenly Status.

The company recently earned a reputation because it delivers trustworthy and top-quality products. They are also actively committed to invention, Sustainability, Security, and customer satisfaction. This has gotten them prevalent acknowledgment and trust among customers and organizations.

61. HP Means Hewlett-Packard.

HP, or Hewlett-Packard, is an American multinational information technology firm. Its headquarters is located in Palo Alto, California. The firm was launched in 1939 by Bill Hewlett and Dave Packard. The founders merged their surnames to form the company’s name. Within the past years, Hewlett-Packard has become one of the best suppliers of personal computers (PCs), printers, and numerous tech-related products and services.

62. HP has an Outstanding Innovation Record.

The company was devoted to research and development. This has caused them to become one of the front liners in technological progress over the years. HP has developed various exclusive products and technologies, which include the first desktop laser printer, the initial handheld scientific calculator, and the pioneering thermal inkjet printer.

63. HP has Made a Vital Mark as One of the World’s Largest Technology Companies.

The company has reached people globally with its vast collection of products and services. With this, they have firmly established a vital mark as one of the key players in the tech industry. HP extends its tentacles to over 170 countries, with thousands of employees worldwide.

Conclusion

HP, or Hewlett-Packard, is one of the leading technology giants. It’s recognized for its innovative products and services. Across its wide-ranging history spanning many decades, HP has become a rampant name in the tech world. The company has become the people’s choice with its high-performance and reliable laptops, desktops, and printers, unceasingly producing cutting-edge tech that attends to developing customers’ and business needs.

Despite its excellent hardware products, HP still emphasizes Sustainability and social responsibility. The company stays loyal and devoted to ecological creativities and community engagement. They strongly aim to have a positive effect on society. With a remarkable track record of technological advancements and a dedicated focus on customer satisfaction, HP maintains its position at the forefront of the industry. Whether you’re an avid tech enthusiast or a business professional, HP offers diverse products and services to elevate your digital experience.

FAQs

References

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Housing has been one of man’s most sought-after needs from times past. People don’t need just any kind of accommodation. For most, it has to be cosy, welcoming, and comfortable, and that’s what Airbnb provides. Airbnb has, over the years, redefined what lodging truly means. People who are always on the move for business or pleasure do not have an ounce of worry with Airbnb on board. It is estimated that Airbnb has over 150 million users, with over 45 million of them in the United States.

Its accommodation and housing solutions provide the warmth you need while away from home. Its mode of operation has reshaped the hospitality industry. The ease of use and security of payment options have drawn many patronizers from all over the globe. Airbnb has become a household name offering lodging solutions to people from all walks of life. While exploring the following Airbnb statistics, we will show you how much the company has grown over the years and a sneak peek of the future.

Major Airbnb Statistics and Facts

1. Brian Chesky and Joe Gebbia conceived the idea of an alternative hotel lodging in 2007. They got inspired after hosting three guests in their home in San Francisco.
2. Airbnb went public in 2020 when its IPO rose. 
3. Airbnb is the abbreviation for the accommodation service company ‘Air Bed and Breakfast.’ 
4. The firm’s valuation reached $86.5 billion in 2020.
5. The company’s market value rose to over $93 billion in 2023. It saw an 8.4% drop in its value since January this year.
6. It sold $146 for each share on the Initial Public Offering (IPO) grand opening day.
7. The company makes at least six guest check-ins every second of the day. 
8.  During the COVID pandemic, Airbnb’s unique rentals, like cabins and smaller homes, saw more searches than traditional homes.
9. The company’s headquarters is at 888 Brannan Street, San Francisco, California.

What is Airbnb?

Airbnb is the abbreviation of its full name, AirBedandBreakfast.com. Airbnb brings a different experience to its guests by redefining its approach in the lodging and hospitality industry. It’s an online marketplace that links people who put out their homes for rent and those in need of a lodge.

It is a great alternative to short-term and long-term stays or housing rentals for guests in different parts of the world. The overall concept of Airbnb is quite simple. It links people with spare rooms or complete homes to rent to travellers who visit the area. Hosts use the platform to advertise their rentals to the public and place the payment process in the hands of Airbnb. The guests enjoy a homey place to lodge, which often comes at a lower price than hotel accommodations.

Airbnb History

1. In 2007, two roommates, Brian Chesky and Joe Gebbia, came up with the idea to provide alternative lodging for a few people with hotel accommodations issues. They decided to lease out their air mattress on the living room floor in San Francisco to three guests as hotels around their area were fully booked.

2, Nathan Blecharczyk joined the duo in 2008, becoming the third co-founder of their idea, which they tagged Airbed and Breakfast. They created a website to provide short-term lodging homes and breakfast for guests. Through their services, people who couldn’t book a hotel accommodation have alternative places to lodge. On August 11, 2008, the founders officially launched AirBedandBreakfast.com.

3. During the Democratic National Convention 2008, the founders generated up to $30,000 through cereal sales to guests. The breakfast cereal was named after Barack Obama and John McCain, US presidential candidates in the 2008 election.

4. In January 2009, the founders got an invitation from Paul Graham, a computer programmer. The latter trained them during his startup incubator called Y Combinator.

5. Graham went further to give $20,000 to Airbnb, which got him a 6% stake in the firm. The investment from Y Combinator served as an aid for founders to expand their business and include West Coast investors onboard.

6. The firm rebranded its name to Airbnb.com in March 2009 to avoid misrepresentation with air mattresses. In 2009, the company had amassed over 10,000 users and 2,500 listings, including complete rooms and properties.

Airbnb Outstanding Acquisitions

With its focus on setting a milestone in the lodging and hospitality industry, Airbnb has acquired several companies since its launch. Here are some of the acquisitions that helped to boost Airbnb’s market value over the years:

7. Airbnb acquired Accoleo, a stiff German competitor, in May 2011. This aided its aggressive move into Europe.

8. In March 2012, Airbnb acquired CrashPadder, a prominent London-based online marketplace for rental and accommodation listing. 

9. The acquisition positioned Airbnb as the largest lodging and rental website in the United Kingdom. Also, by taking over CrashPadder, Airbnb added 6,000 international listings to its portfolio.

10. The company took over Localmind in December 2012, a platform focusing on location-related questions and answers.

11. Airbnb purchased Trip4real, an online marketplace for travel activities.

12. In February 2017, the firm took ownership of Tilt.com, a social payment option.

13. The company moved into the  AI sector after acquiring GamePlanner.AI, an AI startup.

14. While Airbnb’s booking rate dropped drastically in some cities during the COVID-19 pandemic, many rural regions saw a rise. 

15. The firm introduced its official logo in 2014 as it reviewed the design of its mobile app and site. Airbnb’s logo is tagged “Bélo” and has a symbol representing “belonging.”

16. Bélo comprises four concepts or elements: people, places, love, and Airbnb. The symbol resembles a rounded letter ‘A’ with a drop-shaped loop at the center, like a location icon signifying places. Also, the loop stands for a person’s head, representing the accommodation process.

Airbnb Industry Stats

7. Airbnb won the ‘app’ award during the South by Southwest conference in March 2011. It launched a travel guide of 23 different cities called “Neighborhoods” in November 2012. The guide offers suitable stays in the neighborhood that travelers can choose from while moving.

8. Nightstands on Airbnb take an average of up to 4.3.

9. Its major competitors include Booking.com, TripAdvisor Rentals, and Vrbo.

10. Europe records the highest demand for Airbnb, seconded by the Asia Pacific.

11. The company’s average occupancy rate in the United States is 48%.

12. People using the Airbnb app spend an average of 691 seconds (11 minutes, 31 seconds) daily.

13. The firm has more than 728,000 followers on Twitter alone. 

14. The website recorded 91 million visits at the end of January 2020.

15. Airbnb got 50% of its website traffic from mobile device users in the first month of 2020.

16. The letter ‘A’ is designed as an inverted shape of the heart. This represents the company’s name, attention, warmth, and love for customers.

17. Today, Brian Chesky is the CEO, and Nathan Blecharczyk is the CSO of Airbnb. Brian Chesky has the highest percentage of ownership, holding at 12%. Joe Gebbia and Nathan Blecharczyk own 8% and 10% of the company.

Airbnb Users and Demographics Statistics

18. The most popular Airbnb cities worldwide include Paris, New York City, London, Tokyo, and Osaka.

19. Millennials represent up to 60% of Airbnb’s customer base.

20. Airbnb has an all-time 1.5 billion guest arrivals as of June 30, 2023.

21. About 70% (two-thirds) of Airbnb guests are 25 – 34.

22. Airbnb’s guests aged 55 years and above make up 13% of its total customer base.

23. About 95% of surveyed Airbnb guests prefer the rental marketplace due to the ease of use and security of payment options.

24. Up to 55% of Airbnb’s long-term guests always work or study during their stay.

25. As many as 77%  of Airbnb users said their desire to live like locals made them choose Airbnb.

26. Airbnb’s hosts are mainly older or seniors.

27. The average occupancy rate across all Airbnb listings was 17.4% in 2020.

28. Airbnb’s most popular bookings, also known as nearby stays, were within 300 miles at the close of 2020.

29. Airbnb is operational in more than 100,000 different cities worldwide.

30. Over 220 regions and countries have Airbnb listings for users.

Airbnb Booking Statistics

31. Airbnb had up to 356.9 million night bookings in 2021.

32. Airbnb had an Average Daily Rate (ADR) of $137 per night across all its listings in 2021.

33. Southern Maine and Cape May were the most popular Airbnb stop-over points in the United States in the spring and summer of 2021.

34. One of Airbnb’s major competitors is Booking.com. Over 1.5 million travelers from 220 countries use the Booking.com app to plan and book their journeys. Its website records an average of 100 million online visits every month.

35. Airbnb’s guests reached over 9 million by October 2013 since its launch date. Also, the number of users increased by almost 250,000 during the period.

36. The customer base rose to 150 million in 2018.

37. It has more than 7 million active listings across the world.

38. There is no Airbnb listing in some countries like North Korea, Syria, Iran, and Sudan.

39. Airbnb provides about $1 million of coverage for each listing.

40. Users made reservations in over 94,000 places during the COVID-19 pandemic.

Airbnb Host Stats

41. Airbnb has more than 4 million listings from individuals and companies wanting to rent their properties.

42. It has up to 250,000 listed homes, which are very suitable for families.

43. About 399,000 super hosts were available in the US in December 2019. 

44. A host makes at least $9,600 yearly.

45. Listings on the platform raised about $1 billion during the pandemic.

46. The 2023 (TTM) financial report shows Airbnb’s earnings grew to $2.84 billion. Moreover, hosts saw a 43.8% increase in their incomes as of 2021. Here’s a view of the company’s income in a few years.

47. Hosts bear a 3% payment processing fee for every rental.

48. Two years ago, the company charged an average commission of 14% on hosts.

Airbnb Statistics on Growth and Revenue

49. The firm opened its doors to the public in 2020, with its IPO becoming the largest.

50. Airbnb’s market value rose to $35 billion at the end of 2019. Four years its valuation skyrocketed to more than $93 billion. 

51. Following its impressive growth pattern, the firm’s revenue reached over $9.6 billion in 2023 (TTM). The firm saw about a 14.31% YoY (year-on-year) increase for the year. The table below gives more details on the company’s revenue over a given period:

52. The firm’s largest earnings come from America.   

53. Airbnb lost a total of $352 million in 2021. The value showed a huge improvement compared to the total loss of $4.5 billion in 2020. 

54. The company’s balance sheet showed total assets worth $21.43 billion as of September 2023. These include the sum of all the firm’s current and non-current assets, like cash and cash equivalents, properties, inventories, and equipment. Below is a representation of Airbnb’s total assets over the past few years:

55. In the United States, some of Airbnb’s most popular destinations during the Summer of 2020 included Big Bear Lake, California. Others were Panama City and Miramar Beach, both in Florida.

56. Airbnb’s top global searches include the Baltic Sea Coast in Germany, Var in France, Sardinia in Italy, and Jeju in Korea in 2021 summer. 

57. One of Airbnb’s fastest-growing sectors is multiple property listings.

58. Long-term stays, according to trip length, are among the most listed classes on Airbnb.

Other Intriguing Facts about Airbnb

59. More than 700,000 businesses worldwide use Airbnb for working purposes.

60. Up to 10% of Airbnb’s guests include an experience while booking a home.

61. Airbnb recorded a 94% increase in unique home searches when 2021 came to a close.

62. Airbnb came into being in 2007 through two roommates renting their air mattresses on their living room floor in San Francisco.

63. Lodging guests have reached over 1 billion guests after its launch.

64. The CEO and co-founder of Airbnb, Brian Chesky, listed the original Airbnb apartment till 2015. He charged the listing price of $50 per night just for the couch.

65. Airbnb was chosen as the Olympics’s official alternative accommodation partner in 2016.

66. Airbnb guests spent over $35 billion on local cafes and restaurants in 2018.

67. Airbnb listings comprise 300 lighthouses, 140 igloos, and over 1,600 private islands.

68. The Airbnb host and guest community gave almost $117 billion in direct economic impact across 30 countries in 2019.

69. Airbnb opened its first international office in London in October 2011.

70. Due to the pandemic, the firm had to sack about 1,900 staff members, representing 25% of its employees in America, Asia, and Europe. 

71. Airbnb permanently banned its platform for parties and events on rented homes in June 2022. The ban got the full support of hosts and neighbors amid their complaints of some disturbances at some Airbnb rented homes. Before then, the company had temporarily banned parties in rented homes due to the pandemic in August 2020.

Airbnb For Guests

72. People from different regions worldwide could turn into Airbnb guests. The company’s website lists various property types for short-term and long-term stays.

73. Guests can rent apartments and rooms from homeowners through online interactions. Travelers can search and choose any Airbnb property that matches their choices through the website.

74. The site contains a property description, including amenities, photos, and availability. Also, guests could access house rules, check-in and check-out times, host information, prices and fees, and other details. Additionally, reviews of Airbnb’s past guests are available for incoming ones to form their decisions. 

Steps to Using Airbnb for Lodging and Accommodation

Follow the steps given below:

Airbnb for Hosts

75. Individuals and companies could become Airbnb hosts. The hosts offer spare rooms, apartments, or an entire home for renting from guests under Airbnb.

76. Also, hosts that provide suitable grounds and halls for special experiences such as concerts, tours, classes, and other programs within their locality.

77. Hosts can set and control some conditions attached to Airbnb rental listings, such as special features and amenities. They could offer a ride to the guests to and from airports.

78. Also, hosts could set accommodation prices, refunds, security deposits, check-in and check-out times, and other conditions.

Steps to Renting Property as an Airbnb Host

Follow the steps given below:

Conclusion

This article offers relevant statistics and facts about the Airbnb online lodging company. Though the idea for the company began in 2007, Airbnb officially entered the hospitality industry in 2008. The company provides connections to hosts and guests in more than 220 countries and regions across the world. Following its past achievements, Airbnb has more potential for greater impact in the future.

FAQs

References

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In this guide, we cover the main regional telemedicine markets, the most important telehealth use cases, and the key current and future trends in the field.

Telemedicine statistics give us information about providing support and healthcare through electronic communication channels, like telephones and the internet. It’s part of the digital transformation of healthcare and has been on the rise for the last few decades.

It was COVID-19, however, that really pushed telemedicine and remote clinical services into the spotlight. Around the world, medical professionals and patients relied on telehealth and virtual care to mitigate the risks of infection and optimize the resources of healthcare systems.

After the pandemic, many facilities continued to offer remote healthcare services, and the market has been growing ever since.

Given these advancements and the considerable potential impact of telemedicine on healthcare, it’s important to pay attention to telemedicine statistics and trends. Let’s dive in.

Key Telemedicine Statistics

Telemedicine Market Size & Forecast

According to Grand View Research, the telemedicine market was valued at almost $115 billion in 2023. The report forecasts it to grow at a compound annual growth rate (CAGR) of 17.96% between 2023 and 2030. Fortune Business Insights concurs with that assessment, predicting that the telemedicine market will reach $286.22 billion by 2030.

The COVID-19 pandemic significantly contributed to the growth of the telemedicine market and the popularity of digital health solutions. Social distancing measures and the overwhelming impact on medical personnel meant that many routine appointments were canceled. Here’s a quick overview of COVID-19’s impact on telemedicine.

Telemedicine and Covid-19

A 2022 study by Kaiser Permanente tells us that before the start of the pandemic, telemedicine integration in the US was rudimentary, although 76% of American hospital systems did have some form of telehealth. However, in the first three months of the pandemic, telehealth insurance claims grew by 766%, and over 20% of all US medical appointments in 2020 were remote.

Moreover, before COVID-19, 65% of American medical professionals had never used telemedicine, and 23% used it rarely.

During the pandemic’s peak, more than 97% of healthcare experts were using telemedicine. For 43%, half of their appointments were telehealth appointments. In terms of outlook, 44% of US doctors predict that between 10% and 49% of their future appointments will be through telehealth.

Telemedicine Statistics by Region

As with most emerging technologies, regions use and develop telemedicine at different rates. In this section, we look at key telemedicine statistics in different parts of the world, including popularity and uptake, number of users, and consumer attitudes.

North America

North America is the largest telemedicine market in the world, with a share of 33.5%. That’s hardly surprising since many telehealth companies have a presence in the region. Moreover, as of 2022, 22% of global telemedicine companies were looking to expand to Canada and 17% to the US.

In 2023, Canada’s telehealth market revenue (including digital treatment and digital wellbeing) reached $2.42 billion, roughly ~$100 million more than the year before. That revenue is forecast to hit $3.58 billion by 2028, as the significant growth is largely due to Canada’s high telehealth literacy.

As of 2021, over 80% of physicians in the country had the expertise to provide virtual care, and 78% were satisfied by the level of patient support they could provide through this channel.

In the US, the telemedicine market was valued at $38.04 billion in 2022 and is projected to grow at a CAGR of 15.1% until 2030. In 2023, 44% of physicians used it at least weekly and 40% daily. For 65% of American physicians, 25% of all their appointments in 2022 were telehealth appointments.

Europe

The European telemedicine market is almost on par with North America in terms of development and growth. As of 2022, 77% of European countries frequently used telemedicine, with COVID-19 contributing to its use. As our infographic shows, the Spanish telemedicine market had a significant boost during COVID-19.

Spain is the largest telemedicine market in the EU. Almost 72% of Spanish residents had a telemedicine appointment during the pandemic. The market revenue was $270.2 million in 2022 and is projected to grow to $351.5 million by 2027.

Given that the number of telemedicine users in the country increased from 1.18 million in 2020 to 1.32 million in 2021 and is forecast to reach 1.41 million in 2027, such exponential growth isn’t surprising. The average revenue per user (ARPU) in telemedicine is also forecast to grow from $209.5 in 2022 to $250 by 2027.

The UK isn’t far behind. For instance, over 80% of patients in the UK  had a telephone (22%) or a video consultation (59%) with their doctor during COVID-19. And in 2022, 28% of physicians saw at least 75% of their patients via telemedicine. In comparison, this was 2% in Germany and Sweden, and 1% in France.

In 2022, the British telehealth market was valued at $1.58 billion and is forecast to reach $16.2 billion by 2030. The main reasons are the ongoing healthcare crisis in the UK and the government’s digitization efforts.

Latin America

In Latin America (LATAM), Brazil has the largest telehealth market, which is not surprising, considering it’s one of the most populated countries in the world. In 2020, there were around 2.46 million users of online medical consultations.

The number grew to 3.49 million in 2023 and is forecast to reach 4.25 million by 2028. The ARPU has been growing steadily since 2021 and is predicted to reach $292.81 in 2028.

Other LATAM countries have somewhat smaller telemedicine markets. Here’s a breakdown of the region’s 2023 telemedicine market revenue and its forecast growth.

Asia-Pacific

The Asia-Pacific (APAC) telemedicine market is experiencing significant growth. Before the pandemic, the region’s telemedicine adoption rate was low: 5% in Australia, 29% in India, and non-existent in Malaysia. However, in 2024, the adoption rate is predicted to grow exponentially: 70% in Malaysia, 76% in China, and 56% in Australia.

APAC’s telemedicine market size was approximately $16.8 billion in 2020, and it’s forecast to more than double by 2025 ($37.1 billion). Japan is expected to see some of the largest growth, from $5.1 billion in 2023 to $7.1 billion in 2028.

Telemedicine Statistics by Audience

Now, let’s look at two user groups in these global telemedicine markets: the patients and the medical professionals.

Who Uses Telemedicine?

According to 2021 research conducted by the Centers for Disease Control and Prevention (CDC) in the US, 37% of adults used telemedicine, with slightly more females using it (42%) than males (31.7%). Regarding age, patients aged 65 and over used telemedicine the most (43.3%) and Gen Z (18–25-year-olds) the least (29.4%) in 2021 .

An ASPE (a division of the US Department of Health and Human Services) study conducted a year later shed more light on telemedicine users in 2022. It shows that 22.5% of adults and 18.1% of children in the US used telemedicine that year.

Like the CDC study, the ASPE report found that Gen Z use telemedicine the least (17.6%) and baby boomers (those aged 65+) the most (24.6%). In terms of income split, the highest percentage of telemedicine users in 2022 had an annual income of less than $25,000 (26.4%).

But what about other countries?

In Spain more women used telemedicine (63.2%) than men (47.4%) in 2022, like the US. Again, similar to the US, Gen Z had the lowest rate of telemedicine use (49.1%). However, it was the millennials (aged 26–40) who used telemedicine most frequently (58%). For baby boomers, the rate was 54.1%.

Attitudes Towards Telemedicine

As with all innovations, people have varying opinions about telemedicine. In this section, we look at the statistics related to the opinions and attitudes of medical professionals and patients towards telemedicine.

Healthcare Professionals

As the above graph shows, Australia had the highest percentage of physicians worldwide who were satisfied with telehealth in 2022. The potential for time saved using telemedicine was also highest in Australia in 2023 – up to six hours each year.

In fact, many physicians worldwide consider telemedicine a convenient solution. Almost 70% of American healthcare professionals perceived telemedicine as ‘convenient’ in 2021, and 35% as ‘efficient.’ Moreover, the lion’s share of these physicians believe that ease of use is the key to ensuring patients’ access to telemedicine.

Convenience is also the prevalent factor among physicians in other countries. For instance, in Canada, 70% of healthcare professionals found providing video appointments very convenient, and 77% had the same opinion about telephone appointments. And 84% of physicians confirmed that telehealth made it easier for patients to access their care.

Patients

Patients’ attitudes towards telemedicine is moving in a positive direction. Before COVID-19, 66% of adults in the US had concerns about the quality of telemedicine. However, this changed after the pandemic, and as of 2021, 88% preferred to use telemedicine.

Moreover, studies tell us that during COVID-19, patients’ experiences with telehealth appointments were just as positive as or more positive than face-to-face healthcare appointments in the US.

Of these appointments, patients tended to prefer video calls to telephone appointments. One study found that women preferred telehealth appointments for certain reproductive health issues.

Patients in Mexico seem to concur. According to statistics from 2021, almost 80% of telemedicine users said telehealth appointments were just as good as in-person appointments. About one-third of people (27%) in Great Britain were skeptical of telemedicine before trying it.

Top Telemedicine Use Case Statistics

Now, let’s take a closer look at why people use telemedicine. In this section, we’ll delve into the most common use cases for telehealth appointments.

Diagnostics & Follow-up Appointments

The most common reason people in the US used telemedicine in 2023 was follow-up appointments, which made up around 47% of all US telehealth appointments. It seems to be the convenience that people find attractive.

Indeed, in a paper published in The American Journal of Managed Care, researchers stipulate that 52.5% of follow-up patients found telemedicine appointments more efficient.

Mental Health Support

Another common purpose of telehealth appointments is mental health support, used by over one-third of American telemedicine users between 2021 and 2023. These telemental health services improve access to mental healthcare for certain groups of people, but it’s not a one-size-fits-all solution, as it requires some technological literacy.

Chronic Conditions Support

Telemedicine has been a game-changer for patients with chronic conditions. During COVID-19, telehealth was used by almost 50% of Europeans living with such conditions. In the US, physicians reported that 72% of their telehealth appointments were related to chronic care in 2021.

In addition to improving patients’ quality of life, telemedicine is a significant time-saver for people with chronic illnesses. For instance, Italians with chronic pain could save up to 9.5 hours per year with telemedicine, more than in any other country. Germans and Australians with chronic conditions could save up to 7.4 hours.

Future Telemedicine Trends

What is the future of telemedicine? Given that it’s already making a huge difference to millions of people’s lives, it’s no surprise that the only way for telehealth is up.

But what are the trends shaping its development?

Integration With AI

The applications of AI in healthcare are boundless, and telemedicine is no exception. AI-powered apps can analyze huge amounts of patient data to help identify patterns and offer invaluable insights.

Chatbots and virtual assistants can enhance patient engagement by providing real-time responses to queries, helping schedule appointments, and setting reminders to take medication. Also, the diagnostics applications of AI can help save time and optimize physicians’ workload.

Augmented Reality & Virtual Reality

Telemedicine doesn’t just support patients, it can transform the day-to-day work of medical professionals. AR and VR can help professionals, especially those being trained, to engage in realistic medical simulations, such as surgeries and procedures.

These simulations can provide a valuable learning experience, boosting physicians’ competence.

Remote Patient Monitoring

Remote patient monitoring (RPM) is a big deal in telemedicine, especially for patients with chronic illnesses. For example, integrating RPM with wearable technologies allows healthcare providers to monitor patients remotely and access up-to-date data, enabling them to provide the best patient care. It also allows real-time responses to help prevent complications.

Closing Thoughts

Like any other medtech innovation, telehealth’s primary goal is to help people. During COVID-19, we were shown how well telemedicine can work on an unprecedented scale, leading to accelerated digital transformation in medical technologies. As of 2023, that market was worth more than $100 billion, and it continues to grow.

In this guide, we reviewed the key telemedicine markets, how they are growing, how patients and medical professionals perceive telemedicine, and the most common use cases.

We feel optimistic about the future of telemedicine, telehealth, and other medtech advancements. However, we also know that there’s no one-size-fits-all solution, and we look forward to seeing how innovators will bridge the gap that restricts access to telemedicine and other healthcare to various population groups.

Sources

The post Telemedicine Statistics – The Latest Telehealth Statistics in 2024 appeared first on The Tech Report.

Online buying and selling goods and services has progressed significantly over the years. It makes trading and logistics very easy for people. Many people now see the need to buy online instead of traveling to the mall or brick-and-mortar stores to purchase. As a result, many e-commerce-related businesses have sprouted, and Wish Incorporated is one of them. A 20.7% drop in revenue was recorded by Wish in 2021 compared with the year prior.

Wish was born in 2010, and since then, it has been working to keep the e-commerce podium on for Americans and other nations. The firm makes buying and selling cheaper and easier, and the U.S. citizens think it is the best way to trade. Now, 100-plus states use Wish in their routine commerce. The company keeps growing, not minding the ongoing stiff competition in the e-commerce industry. This write-up will examine Wish Inc. statistics and show how big the company has become. Tag along and explore.

Vital Wish Statistics in 2024

1. 300 Million Products Are Available to Users on the Wish Store. 

Wish gives users access to 300 unique products to make shopping a day and provide practical solutions. 

2. The Firm Wish was Launched in 2010.

Wish was formed on June 25th, 2010, and has operated for over ten (10) years as one of the most popular e-commerce sites. 

3. The CEO, Piotr Szulczewski, Believes the Inc. can Become The Second or Third Trillion-Dollar-A-Year Marketplace.

The firm enjoys massive backing from its growing consumer base. Piotr believes its market value will eventually increase to a trillion-dollar-a-year. 

4. Danny Zhang was a Co-Founder, and the Firm Has 1,100 Employees.

The former Google engineer Piotr Szulczewski gave it the name ContextLogic. Also, in May 2011, Szulczewski called on his college friend Danny Zhang to help relaunch the company as well. The application enables shoppers to create a wish list of desired products. 

5. The Employees Reside in the United States.

Wish runs its operations in the United States, and its workforce is made up of U.S. residents.

Wish Inc. Market Share Vital Statistics in 2024

6. The Organization is the Fourth Largest United States Marketplace Based on Online Sales Volume.

Wish is behind e-commerce giants such as Amazon and eBay. The platform enjoys a healthy share of the marketplace based on sales volume.

7. Three Million Items Are Sold on Wish Each Day.

That is an impressive amount, confirming that it enjoys the trust and confidence of buyers with a large sales volume recorded daily.

8. Wish Enjoys a Market Share of 0.02% From the Global E-Commerce Market.

Although it looks small on paper, this market share converts to billions of dollars. However, the Wish team hopes to expand this market share globally as soon as possible! 

9. Wish has a Market Share of $0.08% of the U.S. E-Commerce Market.

It has a stronghold in the United States, although the top e-commerce sites still control the market.

10. The Market Share of Amazon in 2021 was 37%.

Compared to Wish, Amazon is far ahead with a 40% market share in 2021. The proportion implies that Amazon is still the preferred e-commerce site for most users.

Wish Inc Users Statistics according to Demographics

11. The United States Takes the Third Place As Users of this Platform.

The United States remains the most important to Wish Inc. Remarkably, one-third of the orders placed on the Wish marketplace come from the U.S. It is the most lucrative region for the company globally.

12. Young People in Their Middle Use Its Services.

Wish seems to apply more to middle-aged and younger people. Research states it has risen in popularity in recent years. The Adult population might still prefer a traditional walk-in store for shopping needs.

13. Roughly 600 Million Users on Wish.

Also, Wish has over half a billion users with massive interest from the online shopping account community on the website. The users account for the daily transaction volume that Wish enjoys.

14. The Firm has Customers in 100 Countries.

The firm has a global reach with customers scattered abroad in 100 countries. It plans to translate to further expansion in the future.

15. 60.39% of Wish Users Are Male.

Males are the bedrock of Wish’s thriving customer base, but there’s no particular why this is so.  According to reports, 60.39% of its users are male.

16. 24.76% of Wish Users Are Between the Age Range of 25 to 34.

Once again, these statistics confirm that younger users dominate the marketplace. Access to mobile devices makes it easy for them to interact and transact on this marketplace.

17. Other Use Ranges Are 35 to 44 Years.

Users in this age bracket also find practical applications for the Wish marketplace. However, clients between 25 and 34 years old use it more. 

18. Only 9.40% of the Total Wish Users Are Above 65.

The older generation doesn’t usually use online marketplaces due to trust issues. So, only 9.40% of the total Wish user base is above age 65These senior citizens will likely spend less time on their mobile devices.

Wish Inc. Usage Statistics in 2024

19. 80% of First-Time Wish Users Will Return For a Second Purchase.

80% of first-time customers are often satisfied with their services. Thus, they will always come to use the marketplace again.

20. The Site Has a Bounce Rate of 44.09%.

Wish is still struggling to retain users’ interest via a bounce rate of 44.09%. It keeps over 50% of website visitors and still enjoys modest success and conversion rates. 

21. 22.59% of Wish’s Website Visitors Are From the United States.

The U.S. is the top customer base for the Wish marketplace.22.59% of the total visitors to the website are from the United States, making it the most lucrative region for the e-commerce company. 

22. 60% of Wish Website Visitors Come Directly to the Website.

Most of the time, people visit the site through Ads from other pages. Approximately 60% of the total traffic on Wish comes from direct website visitors. The website is quite popular and attractive. 

23. 32.15% of Website Visitors Come From Search Engines.

Popular search engines like Google and Bing direct about 32.15% of visitors to the site. 

24. 100 Million People Use Wish Worldwide Every Month.

Wish records massive monthly activity with over 100 million users. That means many users rely on its marketplace for their daily transactions. These users are responsible for the massive traffic on the website that translates to sales and profit for Wish Inc.

25. Over 26 Million Users Shop On the Wish Platform Monthly.

The group has a success rate of 26 million monthly shoppers using it. This figure is a confirmation of how its customer base is rising.

26. More Than 600,000 Merchants Traded on Wish.

Wish has become a merchant hub with over 600,000 active merchants on the platform. With such a large user base, the firm boasts of a large volume of transactions each day.

27. Wish Recorded Its Highest Monthly Usage in Q1 2020, with 120 Million Users.

It is not a coincidence that Wish recorded its highest monthly usage in the Covid period 120 million users engaged with the platform due to its ease and reliability during the pandemic. 

28. Wish Recorded One of the Lowest Usage Stats in Q1 of 2022, with Just 26 Million Users.

While 26 million might be a remarkable target for smaller e-commerce platforms, Wish Inc. recorded it as a low figure in 2022. Although the reason for this is unknown, competitors could likely be behind this decline.

29. The Group Was the Most Downloaded Shopping App in 2019.

Wish gained massive popularity in 2019, ranking as number one among the most downloaded shopping apps. These downloads show increased user interest in the app based on features such as speed and convenience.

30. 7.66% of Wish Website Visitors Are from Canada, Its Second-Largest User Base.

Canadian residents account for 7.66% of the total visitors on the Wish website.

31. The Average Session on Wish’s Website Includes 8.36 Views.

These statistics proved that 8.36 people engaged with the Wish website per session. Hopefully, these figures will increase as Wish expands its reach globally.

32. The Average Session Length on the Website is 4 Minutes and 32 Seconds.

Wish Inc.’s users run an average session slightly below five minutes. Although the time seems short, it is sufficient for determined buyers to get access to goods or assemble their wish lists.

33. The Most Searched-For Items on Wish Were Health-Related Products.

Health is vital to our everyday lives, so it is no surprise that it topped the search category on Wish. The other high-interest categories are birthday items, gadgets, essentials, and cleaning products.

34. Wish is the Most Successful Keyword in the Online Store Category.

The name Wish generates much traffic on the internet and is the most successful keyword for online stores. 

Wish Revenue Vital Statistics in 2024

35. The Firm Earned Over $2 Billion As Revenue in 2020.

It received a boost during the lockdown since most people relied on them for goods and services. The organization got $2 billion and more in 2020.

36. The Company Ran Into a Loss of 20.7% in 2021.

However, it couldn’t make much gain in 2021. The group lost by 20.7% because of rivalry and unforeseen situations.

37. Wish Inc. Got Only 25% of the Figure in Q4 2020.

Wish’s revenue reduced in Q1 2021 compared to what it got in Q4 of 2020. The company got 25% off the revenue realized in 2020 in Q1 of 2021.

38. $129 Million Was the Loss After Accounts in 2019.

Economic uncertainties are inevitable since most firms can’t do much to prevent certain global issues, like pandemics. Wish got its fair share of the 2019 pandemic, which cost the company $129 million in losses.

39. The Business Lost $361 Million in 2021, Half of Its Loss In 2020 ($745 million),

E-commerce boomed during COVID-19 because of the increased demand for online purchases and door-door delivery at the time. Although Wish realized a sizeable profit, it also recorded a huge loss. Wish lost $745 million in 2020, and in 2021, the value was reduced by half, with the company losing $361 million.

40. 40.23% of the Gain Came From North America.

North Americans are regulars at Wish, and their visit brings in most of the company’s income, about 40.23%.  

41. 71% of the Group’s Income Comes From Their Root Marketplace.

The marketplace helps to promote interaction between Wish users. Through Root Marketplace, Wish gets most of its revenue.

42. Wish Earned $200 Million For Product Boost in 2019, Where Merchants Pay to Advertise Their Products.

Advertisements continue to generate revenue over the years. In 2020, Wish earned $200 million from this product boost service. Although such figure is less than the gain in 2019, it still stayed above the $200 million mark.

43. In 2019, It Earned $291 Million After a Product Boost to Merchants. However, This Revenue Stream Decreased by 31.2% Between 2019 and 2020.

The product boost merchants were chief contributors to its earnings in 2019. However, by 2020, this revenue source dropped by 31.2%.

44. Wish Logistics Arm Raked in $514 Million in 2020, Which Increased by 375% From 2019 ($137 Million).

Wish Logistics helps to move goods to various locations for customers’ comfort and ease of access. Impressively, in 2020, its revenue from this service rose by 375% from 2019 to $514 million. These stats highlight the importance of logistics in the lockdown era.

45. Wish Earned Just $6 Million From Its Logistics Revenue in 2018.

In 2018, the logistics concept was still new in some regions. Many people didn’t see the need to buy anything online and have it delivered to them. At the time, Wish got $6 million from logistics in the entire year. This income was modest compared to the revenue yielded through logistics in 2019 and 2020.

46. In 2020, South America Accounted For $90 Million in Revenue, a 55% Increase From the 2018 Revenue From this Region.

In two years, South American countries warmed up to the Wish platform to spike the revenues by 55%. The total revenues for 2020 from South America stood at $90 million, impressive!

Other Important Wish Inc. Statistics

47. Wish Removed Several Merchants From Their Marketplace in 2019 Due to Fake or Deceptive Products.

The company always strives to preserve the quality of its site and the trust of its customer base. So, in 2019, deceptive merchants were cut off to maintain site integrity.

48. Wish Was $11.2 Billion in 2019.

Wish Inc. is a billion-dollar company with a valuation of $11.2 billion in 2019. After its birth in 2010, it continued attracting global customers.

49. Wish Valuation Dropped to $0.9 Billion in 2022.

The organization reduced its worth to $0.9 billion in 2022 at its third valuation of $3 billion in 2023. The figure showed a sharp drop from the $11.2 billion valuation in 2019.

50. Popular Basketball Team, Los Angeles Lakers Sponsored.

As a way of giving back to the people, Wish sponsored the Los Angeles Lakers basketball team. The activity took between $38 million to $42 million each year. However, it also serves as an effective marketing strategy for Wish since the club is quite successful.

51. The Inc. Holds $1.07 Billion As Cash-At-Hand.

Wish has many assets and holds $1.07 billion in cash.

52. The Company Has $142 Million Stored in Valuable Assets.

Also, Wish has valuable assets worth $142 million that preserve its long-term value.

53. Sales and Marketing Gave 76.76% of the Operating Costs In 2020 and 2021.

Sales and marketing are vital sectors, accounting for almost 80% of the company’s operational costs between 2020 and 2021.

54. 10% of the Operating Costs Are For Product Development.

Wish holds product development in high esteem. So, it pumps about 10% of the operating costs into product development.

55. Administrative and General Expenses Attracted Operational Costs of $295 Million in 2020.

At Wish, administration and general expenses take up a sizeable amount of money. About $295 million in 2020 went into administrative and other overhead costs.

56. YouTube is the Company’s Most Successful Social Media Outlet.

It looks like YouTube is Wish’s secret formula for generating traffic. The e-commerce company gets over 39.89% of its social media traffic from YouTube.    

57. Facebook is the Second Most Successful Social Media Outlet For Wish.

Facebook is another goldmine for Wish. Regarding social media traffic, the social media platform (Facebook) is behind YouTube. It brings in about 33.53% of Wish’s online traffic.

Conclusion

Wish has faced the highs and lows in the e-commerce industry. But has stayed on course as it strives for better days. The firm records profits and losses, but modifications will make the future brighter! It continues to add more value and remove things that make customers uncomfortable. Some of the notable improvements on Wish include the removal of deceptive sellers that scammed clients in 2019 and 2020. Reputation is sought after, for trust’s sake! To wrap it up, Wish is on the right path and could enter the top three e-commerce sites any day!  

FAQs

References

The post 50+ Wish Inc. Statistics and Facts for 2024 appeared first on The Tech Report.

In an era where safeguarding and managing data is critical, numerous IT enterprises turn to cloud services for assistance. One appealing option is Rackspace, a cloud computing provider primarily offering Managed Hosting.

However, Rackspace also furnishes cloud storage, analytics, and database solutions. With these offerings, companies need not worry about storing, analyzing or organizing expansive data volumes. Additionally, the services empower operations to scale as needs evolve. In 2022, Rackspace generated over $2.57 billion USD in revenue from its multi-cloud solutions, which accounted for around 80% of the total intake.

Interestingly, Rackspace introduced its Cloud Files product to users in 2008, integrating with OpenStack for object storage capabilities. This tool has proven valuable by enabling customized data utilization through desktop clients or an online platform. But there are more fascinating facets to explore around this tech leader. Let’s uncover supplementary illuminating Rackspace details in the following statistics.

Key Rackspace Statistics

1. There are about 7,200 active employees in Rackspace.
2. Rackspace emerges 6th among the top 100,000 hosting websites in the United States.
3. Rackspace’s total income dropped by 1489.61% to $612 million in the first quarter of this year.
4. Approximately 50% of Rackspace’s clients live in the United States, while 7% dwell in the United Kingdom.
5. Rackspace’s Performance Cloud offers powerful virtual machines supporting up to 32 vCPUs and 120 GB of RAM.

General Facts and Statistics on Rackspace

1. Rackspace operates via global locations, including TX, Blacksburg, VA, and Austin. Besides these locations, it has an international presence in Australia, the U.K., Dubai, Switzerland, India, the Netherlands, Hong Kong, Mexico, Singapore, Canada, and Germany.

2. Founded in October 1998 by Richard Yoo, Rackspace has headquarters in Windcrest, TX, maintaining its roots since its inception.

3. In November 2016, Rackspace underwent a significant change in ownership when Apollo Global Management acquired the company for $4.3 billion. Following this transaction, Rackspace ceased trading on the New York Stock Exchange.

4. Rackspace currently boasts a workforce of 7,200 employees, contributing to the company’s global operations and success.

Statistics on Rackspace Market Share

Exploring its position in the market involves a deep dive into its market share data, shedding light on its competitiveness and impact in cloud computing.

5. Rackspace is the favored choice for businesses with a staff size ranging from 1 to 10 employees, with annual revenue falling between 1 million and 10 million dollars.

6. A scrutiny of Rackspace’s clientele across industries reveals the Retail sector (6%) as the predominant segment.

7. Geographically, half of Rackspace’s clients stay in the United States, with an additional 7% in the United Kingdom.

8. Rackspace commands a market share of approximately 5.4% in the Cloud Platforms & Services sector.

9. The firm has 604,208 companies using its services.

10. In 2023, 0.3% of all websites opted for Rackspace as the number one web hosting provider.

11. Rackspace is the DNS server provider for 0.2% of all websites.

12. Previously, 2,240,994 websites have availed themselves of Rackspace’s services.

13. Currently, 406,771 websites are active Rackspace DNS Cloud Customers.

14. It has 133,779 websites using the DNS Cloud.

15. An additional 272,992 websites have a history of using Rackspace DNS Cloud.

16. Notably, 94,757 American websites rely on Rackspace DNS Cloud.

17. Rackspace takes pride in its team of over 3,000 Cloud Engineers specializing in Linux, Windows, and VMware.

18. The experts have 7,500 plus certifications in AWS, Microsoft, Google Cloud Platform, and VMware.

19. Rackspace Technology commands a market share of 0.96%.

20. Among hosting sites in the top 100,000 US-listed websites, Rackspace secures the 6th position in popularity.

21. In the ‘Dedicated Hosting’ category, Rackspace holds 4th among the top 1 million listed sites.

User Statistics on Rackspace

22. Rackspace secures the 6th position among hosting sites within the top 100,000 listed in the United States.

23. Within ‘Dedicated Hosting,’ Rackspace emerges as the 4th most favored company among the top 1 million listed sites.

24. The firm is a data center provider for 0.4% of all websites.

25. Among the notable users of Rackspace, Office365.com stands out as one of the largest and most popular sites.

Statistics on Rackspace Performance

Delving into Rackspace’s operational effectiveness and growth trajectory, we delve into key performance metrics that highlight the company’s standing in the industry.

26. The organization backs up a 100% Network Uptime Guarantee as specified in its Service Level Agreement.

27. Customers can rely on Rackspace’s assurance of a 1-hour hardware replacement guarantee.

28. The company’s dedication extends to ensuring 100% uptime for its data center infrastructure, encompassing power and cooling systems.

29. Rackspace’s network infrastructure is meticulously designed for high-speed connectivity, featuring a robust network capacity exceeding 300 Gbps.

30. The Performance Cloud Servers from Rackspace demonstrate impressive capabilities, delivering up to 120,000 IOPS for disk-intensive applications.

31. Rackspace’s Performance Cloud offers powerful virtual machines supporting up to 32 vCPUs and 120 GB of RAM.

32. Results from a recent survey conducted by Rackspace Technology involving 1,420 international IT professionals highlight that cybersecurity is a primary concern for global IT leaders (59%). The outcome showed worries about inflation (51%), talent retention and recruitment (45%), and supply chain/logistics management (45%).

33. A significant majority, with 93% of Education IT Managers and 97% of Research IT Managers’ consider adopting AI and ML in their workflows.

34. Rackspace Technology consistently earns recognition from Fortune magazine as one of the top workplaces, featured on its prestigious “100 Best Companies to Work For” list.

35. According to a survey, 78% of IT managers in the research sector and 74% of IT managers in the education sector agree that AI and ML have transformative impacts on their respective fields.

36. Rackspace’s support service rates are at 65%.

37. Rackspace’s pricing structure received a rating of 70%.

38. Rackspace gathered 96% from its various activities.

39. Highlighting its expertise, Rackspace Technology boasts over 1,800 AWS certificates and exceeds 5,000 cloud certifications.

Rackspace Income Analysis

Rackspace’s ability to manipulate data shows continuous progress and profit margin. Let’s show you a sneak peek into Rackspace’s incredible success since it came into existence. 

40. Rackspace analyzes the ups and downs in various industries and offers professional advice to investors who experienced an unstable economic situation in Q1 2023.

41. It spent $630 million when it started activities in 2023, proportionally 6.47% above the normal expenditure per section.

42. As a newbie, the firm lost 2.17%, a deviation from $758.7 million towards the year’s end.

43. Between January and March 2023, the loss was 612 million, unlike the $39 million in 2022.

44. Its general spending in 2023 increased by 2.27%, $166.6 million.

45. workers receive $111,405 yearly in the development section, and marketers get $104,807 annually.

46. In San Francisco, CA, employees get $121,692; in Seattle, WA, they get $112,590.

47. The company cut down its liabilities by 0.33%, which is $3.7134 billion in 2023.

48. Cash inflow came down by nearly $5.9 million (90.63%).

49. Rackspace’s stats on the mean yearly salary was $94,817, meaning that they pay workers $45.59 per hour.

Rackspace User Contentment Stats

Since user contentment is vital, Rackspace’s user approval data shows its connectedness to the customers. The firm scales very high in terms of user feedback. Check out what consumers think about Rackspace’s functionalities.

50. Fanatical Support® is Rackspace’s technique devoted to supporting customers to the scope of 250,000 + monthly support tickets, delivering quick aids, and settling cases that arise.

51. The firm works with 300 techs that settle issues and offer various solutions.

52. Its Rackers support team has 2,500 or more technical certs, boosting its technological know-how.

53. In control of 200,000 or more databases, the organization works tirelessly to safeguard data. The organization ensures proficient control for its numerous clients.

54. The firm is number one in maintaining users’ needs to 90%. Rackspace pays more attention to offering specialized services and aid.

55. The user support sector controls 15,000 + support chats and 40,000 phone calls. It provides all-round help to its clients worldwide.

56. In control of users with 500,000+ virtual machines-VMs, the firm provides accessible and proficient cloud-based set-up ideas.

57. The firm has 150,000 plus cloud-based mailboxes under it, so the email services are quick for its clientele. 

Furthermore, its professional services sector has accomplished 10,000 or more passages, helping users with their apps and information in the cloud.

Rackspace Workforce Facts and Stats

In the human resources landscape of Rackspace, there are vital insights into the company’s personnel development, emphasizing its workforce scale, diversity spectrum, and global presence. The following points unveil Rackspace’s commitment to its employees and the pivotal role they play in the company’s triumph:

58. Rackspace boasts a workforce of 7,200 individuals.

59. Gender distribution at Rackspace leans towards 26% female and 74% male representation.

60. The company’s employee base reflects diversity, with staff originating from more than 80 countries, fostering a vibrant and inclusive workplace culture.

61. Rackspace employees exhibit multilingual proficiency, with competence in over 35 languages, cultivating a diverse and globally connected work environment.

62. A significant 67% of Rackspace’s workforce holds at least a bachelor’s degree.

63. The Information Technology Information Library Foundations certification is preferred among Rackspace employees.

64. Situated in San Antonio, Texas, the Rackspace corporate office spans over 1.2 million square feet, establishing it as one of Texas’s largest office spaces.

65. Computer science emerges as the predominant field of study among Rackspace employees, with 19% holding degrees in this domain.

66. The age group of 30-40 years constitutes the top demographic, encompassing 39% of the employee population.

67. Rackspace does not employ individuals below the age of 18.

68. The typical tenure at Rackspace spans 1-2 years, with 30% of employees falling within this duration.

69. A modest 9% of Rackspace employees stay with the company for 8-10 years.

70. An overwhelming 97% of roles at Rackspace are remote positions.

71. Currently, Rackspace advertises 349 remote positions compared to 12 traditional roles.

More Rackspace Statistics

72. Sixteen percent of Rackspace employees hold the IT Information Library Foundations certification.

73. Most Rackspace employees receive salaries ranging from $60k to $100k, encompassing 46% of the workforce.

74. The least common salary bracket is below $25k, representing just 1% of the employee base.

75. In 2000, the company secured crucial funding from investors Norwest Venture Partners and Sequoia Capital.

76. Fortune recognized Rackspace as the 32nd ‘Best Company to Work For’ in 2008.

77. Rackspace earned a spot on Fortune’s “Top 100 Best Companies to Work For” list in 2011 and 2013.

78. The company conducts regular ‘open book’ meetings, where management discloses detailed financial information to all employees.

79. The 7,200 employees in the firm are 26% women and 74% men.

80. Breaking down the demographics, 46% of Rackspace employees identify as white, 25% as ethnically Latinx, and 14% as Asian.

81. On average, employees stay with Rackspace for 4.5 years.

82. The typical salary for a Rackspace employee averages $92,615 annually.

Conclusion

Our analysis in this piece shows that Rackspace stands out in cloud activities. Think of it as the towering cumulonimbus in the expansive sky of cloud computing, showering businesses globally with inventive solutions. The data indicates a growth trajectory as remarkable as a tech enthusiast’s caffeine intake, accompanied by a customer base expanding at a pace that rivals your email spam folder.

FAQs

Sources

The post 80+ Rackspace Statistics and Facts [Latest Trends 2024] appeared first on The Tech Report.

Intel is a well-known semiconductor industry name. The company knows the importance of high-quality chips at a reasonable price. Intel always assures consumers. The tech giant is relentlessly committed to advancing technology. Their vision and hard work brought in a staggering $63 billion in revenue in 2022. Reaching such heights is remarkable. This is especially so with rivals like AMD competing for market share, which currently has 31% of the segment.

But here are the facts. Intel is still the semiconductor leader. The company stays dominant in the industry through smart marketing. It also dedicates itself to improving iconic computer chips. They engineer pioneering processors. Many know that. Processors do more than just operate devices. They undoubtedly propel innovation across the globe.

Many people are curious about the elements that drive Intel’s lasting success. A wealth of clear data is ready for review. One can study the key breakthroughs. Having calculated their moves, they left the stumbles behind. They shaped Intel’s story. This elevates them to an enduring player that withstands time. This Intel statistics and facts write-up unpacks the narrative behind this worldwide semiconductor force and promises valuable insights. So, get yourself your favorite snack. Let’s unravel the key factors that put Intel at the top of chip engineering.

Major Intel Statistics

1. Intel’s journey began with two young men, Robert Noyce, and his cofounder Gordon Moore, in 1968. 
2. Intel has its headquarters in the city of Santa Clara, California.
3. The company was once called NM Electronics before it was changed to Intel 
4. Moore Noyse came to mind while thinking of a suitable name, but this was soon put aside as it sounded more like saying Moor Noise.
5. The name NM Electronics was pushed aside for Intel just a few days after it was put to use. 
6. Robert Swan serves as the CEO of Intel.
7. Intel paid $15,000 to get its name. 
8. Printing a single transistor costs far less than a single printed newspaper character. 
9. Intel has been able to get to the status of the 14th most valued trademark worldwide. 
10. It is one of the businesses that will be taking part in funding the 2024 Olympic Games.

Market Share Statistics

1. Intel has Quite a Great Market Share, Up to 78.3%, Compared to AMD.

Intel is making more waves in the single-core processors market than any other company. It is way better than AMD when it comes to multi-core CPU systems. 

2. Samsung had All Course to Celebrate When it Sold Out Far More Semiconductors Between 2017 and the End of 2018.

Samsung led the semiconductor market in first place with a revenue of $61,158 million and, after that, had $73,649 million at the end of 2018. Intel was a bit down in revenue in 2017, with a total of $58,725 million, and closed with $66,290 million the next year. 

3. Intel Fared Far Better Than Samsung in Semiconductor Sales at the Close of 2020.

The year 2020 was different for Intel regarding the number of semiconductor sales, as it sold more chips than Samsung. This success could be tied to the large volume of memory chips sent to the market. Sales ended with $76,240 million for Intel at the close of 2020. This was not the case for the former industry leader, Samsung, which ended the year in second place with 56,912.

4. Intel Yields Far More Revenue Than AMD or the Tech Firm Nvidia.

There is a clear difference between Intel’s revenue and AMD’s and Nvidia’s tech firms. Only 17% of the industry market share is held by AMD, as Intel has claimed 82%. Intel is doing way better with $54 billion in LTM revenue, leaving Nvidia at $26 billion.

5. Over the Years, Intel has Gathered Around 77% of the Consumer Computing Market.

It’s not wrong to say that Intel controls the consumer computing sector since it has about a 77% stake in the market.

Intel Diversity and Employee Statistics

6. Workers Totaling 132,000 are on Intel Company’s Payroll.

Having workers to cover its vast customers has never been an issue for the tech giant. In 2022, the company decided to employ more hands to ensure the smooth running of its affairs. It had 132,000 workers on its monthly payroll at the year’s close. This means the number of people working in Intel rose by 8.92%. 

7. Women Also Have a Spot in the Affairs of Intel and Occupy 27.7% of the Company’s Staff Strength.

Intel embraces people from all races and genders. To its credit, 27.7% of its staff will be females in 2021. This marked a 0.1% drop in the number it had in 2022. These women get an equal chance to work up the career ladder at the corporation. 

8. Asian Women Got a Working Chance of 36.3% in 2021.

The rate at which Asians were given work opportunities at Intel in 2021 was quite low from the last year by 1.3%. Only 36.3% of the employees at Intel in 2021 were Asians.

9. Native Americans Have a Cut of 0.8% of the Total Intel Workers.

Persons who are Native Americans make up a minor 0.8% of the total workforce of Intel. 

10. Male Workers Make Up the Largest Chunk of the Workforce in Intel, With 73%.

Most of the workers in Intel are males, accounting for 73% of the workforce. These men take up most of the positions in Intel company, like several others in the industry. It is necessary to state that many of these males are white, accounting for as many as 52% of the total employees at Intel.

11. Setting up an Office With a Cubicle Design Started With Intel.

Intel was the first company to start designing office settings in the form of a nice cubicle. Many other companies are now towing this same part in their office settings today. 

12. Intel Stopped Designing its Offices With the Booth Style in 2007.

The company in 2007 saw the need to change its style of office design in the year 2007. It always looks for better ways to improve services and products.

13. Costa Rica was Able to Add 4.6% to its GDP Due to the Activities of the Intel Group.

The company has a nice spot in Costa Rica’s economy. The country’s economy is profiting in no small way from Intel’s activities in its territory. As high as 4.9% of the total GDP that came within the shores of Costa Rica was from Intel. 

14. Most of the Intel Staff Favor the Democrats.

Quite a large number of Intel staff said they are of the democratic party. Staff like Curtis Engelhard have given the democratic party large sums of money, up to $111,700. Employees who take sides with the democratic party are as high as 75%. This shouldn’t surprise you; most people will go with the tide any day. Those who do not favor the democratic party are just a slice of 23.9% of workers at Intel. 

15. You Can Earn an Average of $99,300 and Even More as an Employee of Intel.

Most of the workers at Intel love their jobs. Employees working at Intel are placed on an average salary scale of about $99,300. A cleaner at Intel takes home between $44,720 and just around $57,819 for an entire year. As many as 73% of employees at Intel are pleased to a large degree with the work conditions. 

16. Up to 47% of Intel Employees are From a Minority Race.

Intel is doing all it can to build a work environment that takes in talented persons from any race or tongue. This new move is why it has included 47% of minority races on its payroll. 

17. Most of the Employees at Intel Can Speak Spanish Very Well.

Itel has hired quite a good number of people from different regions. A large number of workers in Intel fluently speak Spanish. 

18. Chinese is the Means of Communication for 10% of People.

Communicating with the Chinese language is a daily routine for 10% of people who work at Intel. This shows that language is not a reason not to apply for a job at Intel. 

19. Over 50% of Intel Employees Must Have a Bachelor’s Degree.

Higher education got more than half of Intel employees their jobs at the company. A bachelor’s degree is held by 60% of people who are working in Intel. 

20. Persons Between the Ages of 20 to 30 Years Make Up 39% of Intel’s Workforce.

Up to 39% of young people between 20 and 30 are part of the workforce that drives Intel. From the statistics, one may infer that Intel believes young ones can contribute immensely to its progress. This age group has the largest number among all the employees at Intel. 

21. Individuals Above 40 Make up Just 20% of Employees.

Persons who are over 40 years of age make up just a low 20% of Intel staff strength. 

22. As Low as 2% of Intel Workers Fall on 18 Years and Below.

Only 2% of the staff at Intel are 18 years of age and below.

23. It is One of the Most Common Courses, With 29% of Intel Workers in Electrical Engineering.

Persons with electrical engineering degrees comprise just 29% of Intel’s staff strength. Many people who work at Intel hold a degree in electrical engineering.

24. Up to 14% of Persons Working at Intel Group Schooled at the University of Arizona.

Quite a sizeable number of Intel staff, up to 14%, once studied at the University of Arizona. 

25. A Master’s Degree is Tied to the Names of 16% of Intel Employees.

Intel strives for excellence and seeks the best hands for the job. Little wonder that 16% of its employees have master’s degrees in their chosen field of study. 

26. One in Every Five Employees is More Than 40 Years of Age in Intel.

Taking note of talents and retaining them has brought Intel into its present state of success in the industry. People 40 years and above are just a fifth of the total staff on its payroll. 

27. One Out of Every 50 Intel Employees is 18 or Below.

People 18 make up just a small portion of Intel’s staff strength. You can only find one person who is 18 years or less in a row in a call of 50 Intel employees. 

28. Only 9% of Intel Workers Work Outside the Office. 

Working from home or any desired location is the dream of so many, but this chance is given to just 9% of Intel staff.

Intel User Statistics

29. You Cannot Deal Directly With Intel Company Alone as a User.

Intel is not in the habit of conducting business dealings openly with the users. 

30. Some Firms in the Technology Industry Have Partnership Deals with Intel.

Intel has to its credit great firms moving the technology industry as its partners. Examples of these firms are Dell, HP, and Lenovo.

31. In the Hardware Gaming Market, Over 75% of its Systems are Serviced by Intel.

Intel has risen to become a household name in the world of hardware gaming. It services more than 75% of hard wares in the gaming market with its processing units. 

32. Intel Ensures it Sets Aside $15 Billion for Research Work Annually.

Research work is very dear to Intel as a corporation. Every year, it puts aside up to $15 billion for research and product development.

33. It Got the MobileEye With a Tidy Sum of $15.3 Million.

Intel spent a whole $15.3 million in acquiring the MobileEye. 

34. Products That Intel Makes are Used for Both Personal and Corporate Uses.

Intel is well known for offering services that can also serve personal and corporate uses.

Intel Sales Statistics

35. Intel’s Largest Sales Market has Been China From as Far Back as 2016.

The spot of highest sales market has been taken by China year after year since 2016. This has put the country in the spotlight of revenue for Intel. Intel got $17.125 billion from just China out of its $63.054 billion revenue in 2022.

36. The United States Stands as the Third-biggest Intel Sales Market.

Intel’s sales have been faring well in the United States market for a while. 

37. Intel Landed With an Earning of Just $2,672 in its First Trading Year.

The first trading year was quite eventful for Intel, ending at $2,672. This amount was valued at $51,000 at the close of 2022.

38. Trades From Consumer Products Comprise 52% of Intel’s Grand Sales.

Consumer products make up over 50% of the entire sales record of the famous Intel company. 

39. Up to 42% of the Profit Made by Intel Comes From the Countries of Taiwan and China.

Taiwan and China bring in nearly 50% (42%) of the company’s profit. This is not far from the truth, as the Asian continent has a large market for Intel to soar.

Intel Revenue Statistics

40. Intel Gathered $52.86 Billion for Itself in September 2023.

Revenue from last year September to that of 2023 was not in any way great. The company experienced a drop in revenue of 23.98% from what it had in the past. In September, which marked Q3 2023, Intel got a revenue of $14.16 billion. This was not a good note for the company as it marked a fall of 7.69%. 

41. The Year 2021 Decorated Intel’s Purse With Revenue Totaling $79.02 Billion.

Intel closed on a good note in 2021, recording a revenue of $79.02 billion. This was a great report for the company as its growth rose 1.49%. 

42. 2020 Was no Different as Intel Soared Higher, Recording a Revenue Increase of 8.20%.

Expectations were high, and the company tried to deliver a rise in revenue of 8.20% from the previous year. As a result, Intel ended 2020 with a revenue of $77.87 billion.

43. Intel Got $71.97 Billion in Revenue When the 2019 Curtain Ended.

The year 2019 was a great year for Intel, as it did not bow to a loss in revenue. Instead, the company revenue rose to $71.97 billion, a growth of 1.58% when the year ended.

Statistics on Intel Stock Price

44. The Stock Market Opened its Arms for All to Trade on the Last Day of November, With Intel Stock Selling at 44.65 USD.

The last day of November 2023 was eventful, as Intel had a market cap of 188.56 billion. The market opened that same day with a stock price of $44.65 to be brought to a close at $44.70.

45. Intel Stocks Rose by Just 6% All Through the Entire Year 2019.

Stocks did not do so well; they grew by just 6% at the end of 2019. This was not the same with AMD, which had up to 86% increase in its stock the same year.

More Intel Statistics

46. The company started up Intel Capital in 1991 and began its journey of investing $11.8 billion in newbie businesses. 

47. More than 1,400 startup firms have benefited from Intel Capital after it was launched.

48. Up to 57 countries so far have gained from the goodwill of Intel Capital over these years.

49. About 50% of business funding by Intel Capital goes to firms outside the United States. 

50. A third of Intel’s budget in 2020 was spent on adverts for its products and services, just like in 2005.

51. Intel went all out to get McAfee for a tidy sum of $7.68 billion in 2010. 

52. Intel’s energy usage has risen by 50% for up to five years.

53. Discharges of greenhouse gases have risen in no small way, as they stood at 34% for five years. 

54. A maker of watches was bought out in 1972, but this did not last for long, as the business was sold in 1978.

55. Intel has a fully stocked museum where you can pay visits any time of leisure. 

56. More than 90,000 people flock to the Intel museum yearly. 

57. The company has taken into its fold 27 firms since it started operating. 

58. Intel paid $1.25 billion to stop a lawsuit filed against it by AMD in 2009. 

59. One thing that anyone can easily recognize is the Intel sound. 

60. European courts made Intel pay a large amount of money, summing to $1.3 billion, for a case on antitrust.

Conclusion 

Refining talents is one strong point that makes the Intel corporation a great place to work for anyone. There are a whole lot of reports from past and present staff that attest to this fact. Intel’s name is written in the sands of time for its impact on the semiconductor chips industry. It has risen over the years to take a large spot in the computing community. The facts are clear with the records that Intel always seeks ways to keep customers returning. Taking charge of the market can be linked to the research it puts in every year.

This chip giant has to its belt of success some companies that partner with it at the passing of each year. Countries like Costa Rica have every reason to thank Intel for the good turnout of its GDP in recent years. Revenue keeps growing for Intel year after year, with its tentacles spreading in several countries. More and more companies are getting funds to continue through Intel Capital, which may not end soon.

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Cybercrime is spreading like wildfire, and the digital economy is fueling these hackers more than ever before. As per the latest estimates, expert projections estimate cyberattack damages will grow 15% over the next three years.

Companies are panicking and spending insane amounts of money to protect themselves. They put over $150 billion towards security just a couple of years ago! Unchecked, attacks and losses continue to increase. Honestly, the full scale of this issue is scary, and the numbers likely underplay it. We need to talk about the cybercriminal explosion threatening everything we do online. Staying silent won’t help.

So consider this an invitation to get informed! We’ve assembled 2024’s latest cybercrime statistics and facts so you can finally understand these threats. Together, we’ll break down the most dangerous hacking techniques, map out high-risk scenarios, and unlock simple tips to protect yourself better.

Stick with me to avoid becoming their next victim. Let’s shed light on this creeping cybercrime wave before damage is done.

What Actions or Activities Fall into the Category of Cybercrime

Like a Cameleon, cybercrime can take different forms. The bad players come camouflaged in different ways and actions to confuse people and steal their funds. But here, we’ll look at the main kinds so you understand what they truly are. In simple terms, cybercrime is illegal digital activities that compromise online security. The most common examples are hacking into private systems, sharing computer viruses, or scamming innocent people online.

Even harassing someone online is also considered a cybercrime. We know it now, but it seems like the list is neverending. However, focusing on typical cases makes it less overwhelming. In all, cybercriminals take advantage of technology to cause harm or make money from innocent folks. Some other examples of cybercrime you need to be aware of:

• Hacking sensitive or important accounts to take people’s info. This happens mostly to large companies, where hackers try to steal important information from the enterprise.
• The next common type of cyberattack is through malware. This software is developed specifically to disrupt, destroy, or gain access to a victim’s company.
• Identity theft or impersonation is another huge one. This works when the scammers pretend to be real companies or someone to trick and steal your cash.
• There’s also another kind of cybercrime that involves crypto-jacking, crypto mining, etc.

The primary thing to do to avoid these online scams is to stay alert against shady online activity and guard your accounts, devices, and information.

Important Cybercrime Statistics

1. Ninety-five percent (90%) of online attacks happen because of natural human mistakes. These mistakes are things like weak passwords/pins or clicking suspicious links you don’t know about.
2. In 2016, nearly all the stolen records came directly from three sectors. These sectors are government, technology industries, and retail. So, if you’re in any of these fields, you must apply extra security measures.
3. Spies carry out ten percent (10%) of breaches, but 86% want money. This means that cybercrime pays crooks more than some other sectors do.
4. Since the Coronavirus pandemic, the FBI says that complaints concerning online crimes have tripled. According to the FBI, the cybercrime reports increased from one thousand to four thousand. Remember, this happens daily.
5. By 2025, according to Cybersecurity Ventures, cybercriminals will go home with over $10 trillion annually. The damages caused by cybercrime will be higher than the ones inflicted by natural disasters. Also, by then, online crime will be more profitable than the sales of illegal drugs globally.
6. Out of all companies’ files, only five percent are protected properly. No wonder data breaches spread faster like wildfire within the organization. Many of these enterprises fail to keep up with top security measures.
7. Nearly two-thirds of Americans don’t care about checking their devices to know if it’s being hacked. That’s a very risky move, as your devices are exposed to attacks.
8. The worst malware, virus, or worms is when a hacker attaches an executable file to emails. A victim can get this virus by clicking the link attached to an email message. Sometimes, when you open the mail, your computer system will get infected with these viruses.
9. Almost half of malicious email attachments disguise themselves as Microsoft Office files. This is the perfect Trojan Horse.

Stats About Online Crimes and Personal Information Leakage

As mentioned earlier, tons of cybercrime exists in today’s digital world. But, among all these crimes, data breaches are the most common. When we hear the word “data breaches,” what comes to mind is big companies sharing how hackers stole users’ information. But that’s not the case. Data breaches can affect any business. Whether hospitals, small entities, or even schools, they all have tasted a pound of flesh from online criminals. To understand the extent of this problem, let’s show you some important numbers on data breaches.

1. Over 500 Million Online Gamers Have Had Their Data Stolen in the Last Five Years.

As the gaming industry keeps expanding, hackers are creating more methods to milk victims. Also, with time, the industry will likely turn to hackers’ perfect playground to attack innocent gamers. Unfortunately, these hackers can steal anything, be it users’ credit cards or passwords. They do anything they can to get their hands on the target.

And the worst part is they even get away with these acts, which makes it too bad for gamers. But this is just a quarter of the gaming breaches that have happened before. So, how massive has this issue affected the industry? Ultimately, the gaming industry has become an easy target for hackers because of the amount of money entering nowadays. And the security method can keep up.

2. In 2019, Companies Spent Over $5 Million for Just One Data Breach Incident.

The amount is far bigger than the amount spent in 2018. Many organizations flush millions of dollars yearly to clean the mess caused by hackers. The average breach expense hit $8.64 million in 2020. This is almost double compared to 2019.

You might think the tech sector is the most affected, but no, it’s the banking and manufacturing that suffer badly. One out of five industries have had their data breached three years ago. Meanwhile, some users might worry about why this huge amount was spent on online crime damages. Well, the amount goes to legal fees, & IT security upgrades. But don’t forget the days that the affected businesses or companies have to go offline for clean-up.

3. Over 56% of Americans Don’t Know What to do When Their Data Gets Breached, to be Exact, 56%.

To those in the IT industry, this might seem surprising to them. But common, many of us in the real world ain’t trained on cyberattack protocols. We just hope not to become victims of these attackers. Meanwhile, some individuals inside America (about 44%) have taken it upon themselves to research what to do after being hacked. But that’s still under half of the country’s population. Spending at least 30 minutes Googling how to respond to data breaches will help protect your laptop. Making our devices or accounts free from hacking should be the #1 job for everyone within or outside an organization.

4. Uber Tried Keeping its Massive 2016 Data Breach Secret.

It’s among the 5 percent of companies that tried to hide their data breach from the public. That isn’t good for a company of such capacity. We’re discussing how cyber thieves swiped 57 million rider and driver records. This is a gold mine for identity theft. Instead of Uber admitting its security failure and giving its customers some assurance, it chose to pay off the crooks to keep quiet. It thought it could sweep the act under the rug, but it was quite unfortunate for them. The breach still surfaced online, and Uber’s stock and reputation dropped.

Uber spent millions out of its pocket to save its face, yet it looked worse. This shows that honesty is the best policy for keeping your customers and staff. Data breaches can hit pretty much any company out there, both the big and upcoming. This is not the company’s end if they could come out boldly to address the issue.

Comprehensive Cybercrime Reports Statistics

This section covers information on different cybercrimes and the affected industries or sectors. Also, we will provide in-depth facts on cybercrime, which everyone is supposed to know:

5. 95% of Cyberattacks Only Succeed Due to Normal Human Errors.

You must understand that hackers are the bad guys and that most company workers aren’t tech experts. So they target this everyday employee who doesn’t know ways to safeguard themselves from being hacked. These hackers are looking for someone who will accidentally click a bad link or file.

That one mistake alone will give them full access to steal your private data. Companies spend huge amounts on IT teams and fancy firewalls to fight attacks. But hackers still find their way through because of careless staff who don’t know better. And it only requires just one click from the employee. Boom! The next thing you know, major data is stolen and held for ransom. Therefore, companies shouldn’t train just the IT squad alone. All staff are expected to have a basic knowledge of cyber safety. That is the best defense against hackers trying to speak into systems.

6. Hacker Launches Cyberattacks Every 39 Seconds.

A recent study from the University of Maryland validates this fact. This means that hackers are so committed to stealing and attacking people that they take no time to rest. Out of three Americans, these attacks affect one each year. One of the key reasons these hackers keep getting access is how simple some people’s passwords are. A simple password makes things very easy for these bad actors. The research from Maryland highlights that stronger authentication practices can curb this rampant hacking. Any internet user must take its safety very seriously. 

7. Small Businesses Suffer the Most From Cybercrimes – Specifically, 43% of All Attacks Target Small Companies.

It’s too bad for small businesses that these attacks come from all angles. A recent report unveils that 64 percent have battled attacks over the web, with hackers forcing their way into networks and servers. In addition, 62% of these small businesses fell victim to crafty phishing scams and social engineering ploys. Meanwhile, malware and botnet attacks impacted almost six out of ten organizations.

These stats have made it clear that companies need to strengthen online defenses and educate employees to recognize the warning signs of cyber assaults. These hackers may disguise themselves as legitimate emails, links, and attachments, and employees without knowledge will fall victim. By upgrading barriers and protocols across devices and networks, enterprises can fight against cyber crimes.

8. Nearly Four Million Records Get Swiped Through Data Breaches Every Day.

Do you think your data is safe online? Take some time to think again. According to Cybersecurity Ventures, this act has been going on since 2013. Breaking this gigantic figure down, you’ll find that over 150,000 records are missing every hour. Also, if it’s in minutes, about 2,600 records are gone. Surprisingly, for every second that passes, we lose 44 records. Now, are your data safe online? Cyber insecurity has impacted people globally while we go about business as usual. This is because you don’t know that your information is being auctioned to the highest bidder on some dude in the dark web marketplace.

9. Cyberattack Damages Will Hit a Head-spinning $10.5 Trillion in the Next Two Years.

Some folks think cybercrime is already out of control. But, unfortunately, this is just the start of the bigger game. Analysts at Cybersecurity Ventures, closely examined the major uptick in hacking attacks year after year to land on these scary projections. This means that things are expected to get even messier by this time. Companies and individuals must prepare desperately to fight, as things will not get easy. Organizations can see through the smoke by training employees against phishing tricks, upgrading software, and more.

10. Cybersecurity Jobs are on the Rise – Right Now, Over 11,000 Jobs in Cybersecurity are Open in Georgia.

Based on how the cyberattack is going, companies desperately need skilled talent to protect their data. These organizations need all hands on deck to prevent hacking or data breaches, which could make the headlines. And that isn’t good for their reputation. Impressively, the unemployment rate in the cybersecurity field is zero percent. Individuals interested in this sector can fly in now and make good money. But know that work can be complex most times.

11. 75% of the Healthcare Industry Fell Victim to Malicious Malware Last Year.

A comprehensive study conducted by SecurityScorecard delved into the cybersecurity of 700 healthcare entities. This alarming revelation shows the need for cybersecurity measures within the healthcare sector. Cybersecurity isn’t just an IT concern; it’s a matter of public health. As we enter into an era where our medical records are digitized, the need for cybersecurity becomes paramount.

Types of Cyber Mischief

We’ve already said a lot about how to notice and prevent cyberattacks. But this section will show you the different types of cybercrime you should know. Some of the more prevalent cybercrimes you’ll likely encounter nowadays are ransomware, spear-phishing, crypto mining, viruses, malware, and more:

12. In 2019, the Average Amount Spent by Companies to Clean up the Aftermath of Ransomware Attacks was About $133,000.

Unlike what most people think, little businesses often suffer the most from the aftermath of cyberattacks. According to research, these smaller companies pay an average of $713,000 after ransomware hits. Zooming to the global stage in 2021, the collective price tag for ransomware attacks is $20 billion.

That’s not just a number. It shows how ransomware has affected businesses globally. The average ransomware payment climbed dangerously in 2020, reaching $233,817. Now, that’s enough to put most organizations in serious financial issues. Thankfully, companies lowered the average payout to $154,108 during the last quarter. But don’t smile yet. Sure, it shows that companies are improving the measures used in fighting ransomware.

13. 48 Percent of Malicious Emails Came as Word, Excel, and PowerPoint Files in 2020.

It seems cybercrooks have their eyes on Microsoft Office users. These common formats enable hackers to put dangerous files right into systems. Many phishing attacks targeting companies use weaponized Microsoft Office documents to trick people. This is likely no confidence since we use Microsoft Office almost every day. Notably, the kind of files that these hackers usually use in phishing attacks are compressed .zip and .jar extensions. The bottom line is that before using any unexpected Office files, carefully inspect them.

14. 69% of Companies Doubt Their Antivirus Software Blocks the Threats They Face.

Nearly 7 out of 10 businesses believe their so-called protection gets outmatched regularly. If the majority doubts these security tools work as advertised, business leaders should take notice. We think it’s high time businesses bring in experts to evaluate if their defenses protect against hacking attempts. Businesses should go above and beyond to shield clients proactively.

15. One Out of Every 13 Website Requests Results in Malware.

This is a concerning threat that can quickly escalate with time. New harmful websites can last for about a week. This will allow attackers to harm people who visit during that time. So, while browser settings help you block suspicious sites, many malicious domains still get registered as seemingly legitimate. This means that users should be very vigilant instead of depending on some companies. Individuals can be less vulnerable if they can spend more on training, firewalls, network monitoring, or updated antivirus software. This applies to both companies.

16. 1 Out of Every 36 Smartphones Contain a High-risk App.

These apps are usually disguised as generic utility or gaming apps, evading detection. Even if Apple and Google usually check apps, some sneaky ones with regular names still manage to get the green light. So, users must be careful because harmful stuff might hide behind normal features. For example, around September 2021, Android users had no choice but to delete 16 harmful apps manually. This highlights the need for ongoing vigilance, even in official stores. The main issues come from apps that hide bad things by pretending to be simple. Users are advised to use security tools, read app reviews, and check permission carefully. Also, do yourselves the good to update your devices regularly.

17. Over 90 Percent of Tricky Remote Code Execution Attacks Nowadays Tie Back to Crypto Mining Schemes.

Hackers love using this web-based tactic to hijack servers to mine cryptocurrency. This works when the hacker injects the harmful code. Once these codes are in, they gain free access to raid data, spread to another system, or have bots mine cryptocurrency undetected. With how many employees love to access the company’s servers from home, these attacks pose a serious threat. Just one dumb mistake from a worker clicking a phishing link, the hacker will have the keys to information. The best way to safeguard the company is by applying multi-factor authentication, VPNs, endpoint detection tools, etc.

18. Based on the 2020 Figures, Around 19 DDoS Attacks Occur Every Minute.

DDoS stops people from accessing networks and devices legitimately by overloading systems. China initiates the most DDoS assaults, while the US is the second. In 2019, more than half of companies had trouble with DDoS attacks. These attacks made their services stop working properly. This is because their internet has been crowded. Besides traditional systems, Internet of Things (IoT) devices now draw frequent hacking.

As smart gadgets with network connections are getting more popular, they attract attention. This made them to become potential targets. On average, cyber attackers targeted IoT products two years ago, with over 5,200 monthly attacks. The primary issue is that hackers get more leverage as more devices connect online. But to solve these problems, users or companies can use firewalls, monitor internet traffic, and block threats. Proxies can also help by absorbing attacks. However, it’s crucial for companies that make devices to focus on security from the beginning when creating their products. This will help in fighting against these problems.

Conclusion

Cybercrime threats show no signs of slowing down in 2024 despite the damages they have caused already. Meanwhile, hacking attacks are expected to inflict over $10 trillion yearly global damages by 2025. According to a report, the majority of these attacks come from China. And as more gadgets are created, the hacking rate will likely increase. The situation remains serious, but we can beat it if we address the issues faster. Cybercrime thrives on weak defenses, so closing doors to hackers greatly matters.

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Social media scams have been seriously out of control lately. As per the data, over $2.7 billion dollars was lost to social media fraud in the US between 2021 and mid-2023. According to the FTC, that surpasses losses from regular web scams and email phishing COMBINED. Wild, right?

These crooks keep honing in new tactics to sucker us in and steal our cash. One nasty trick is targeted ads built off our personal info, buying habits, age – anything that gets us to click. Teens and young adults especially got slammed, with FTC reports skyrocketing every year. As online safety guru David McClellan says, our social addiction makes us vulnerable. However, we uncovered some eye-opening facts about how these scams operate. If knowledge is power, it’s time to tackle this issue head-on!

Join us on a hard-hitting dive into current social media scamming statistics. Together, we’ll unpack the psychology behind these dodgy attacks, break down the latest cunning techniques, and arm you with tools to outsmart the scammers. Stick with me – your bank account will thank you later.

Basic Social Media Scamming Statistics

1. Roughly 90% of data breaches are caused by Phishing scams.
2. 30% of respondents in a survey reported falling victim to job scams on social media.
3. Also, 12% of folks reported clicking on phishing URLs on social media platforms. 
4. Of teenagers and young adults, about 85% fell prey to shopping scams.
5. Victims of inheritance scams lost more than $200,000 in 2022.
6. Roughly 16% of social media victims fall for imposter scams (account cloning).
7. Lottery scams are also common among older people (aged 50 and above), as 75% of victims belonged to the age group.
8. Many investment scams (up to 50%) happen via social media platforms like Instagram, telegram, and Facebook.
9. Civil Society UK indicated more than 44% was lost to charity scams in 2022, higher than the previous year.
10. Romance scams (25%) are a popular method scammers utilize on social media.
11. According to organization reports, $1.5 billion was lost due to influencer scams.

Types of Social Media Scams and How They Ask for Money or Important Data

1. In a Good-firms Survey, 30% of People Reported Falling Prey to Online Job Scams Via Social Media.

Individuals looking for employment are at high risk, as they’re every scammer’s target—especially those willing to get the job by any means. The scammers exploit vulnerable job seekers by deceiving them into paying for sham employment opportunities. Sometimes, they ask them to pay under the guise of helping with job searches. They come with many illusive tactics to steal money, which include application fees, purported security deposits, and payment for non-existent high positions.

Also, these fraudsters can use fake email addresses that mimic legal communication from employment agencies. This adds a layer of deceit to their schemes. They pose as employers or recruiters, aiming to extract money and personal information from their victims. Later, they will use the information they acquired for fraudulent activities, such as applying for credit cards or securing loans in the candidate’s name. Furthermore, the high demand rate for the work-from-home trend following the COVID-19 outbreak has provided scammers more opportunities to exploit job seekers. Using this trend, they disseminate fake job postings, worsening the risks naive employment seekers face.

2. 12% of Victims Clicked on Phishing URLs on Social Media.

In social media, scammers arrange phishing scams, enticing unsuspecting individuals to click on suspicious links that either steal their information or infect their devices with harmful viruses. These deceptive links redirect users to external websites or webpages, designed to closely resemble legitimate sites with subtle visual alterations, thereby tricking the visitor. While social media serves as just one avenue for phishing attacks among several others, it accounts for approximately 12% of instances where victims fall prey to phishing URLs. 

They target those who are unaware of using URLs. This happens most times via text messages, emails, etc. Scammers use these phishing schemes to dupe customers and trick them into revealing sensitive data like usernames and passwords. As a result, the scammers can access the customers’ personal or financial credentials. By employing keyword-based marketing strategies, numerous phishing scams strategically heighten the likelihood of visitors clicking on malicious links, thereby escalating the risk to individuals encountering such schemes.

3. Victims Lost Over $200,000 to an Inheritance Scam in 2022.

Numerous social media posts entice users with grand promises of inheritance, and 98% of these posts are scams. Scammers often pose as lawyers or attorneys, claiming to be representatives of wealthy foreigners who died without willing their wealth to their families.

According to the purported lawyer, the estate’s executor must share the same last name as the deceased. After formally transferring property ownership to the victim’s name, the scammer demands a hefty portion of the supposed inheritance. In reality, there is no inheritance or valuable property. They pressure their victims into paying upfront legal fees (their intention) for the promised funds.

With this, numerous folks will contribute money, hoping to claim this alleged estate, which causes them to fall into the scammer’s set trap. Operating under the guise of inheriting substantial wealth, including valuable items like gold or money, the con artists coerce victims into covering purported legal expenses to access these assets. By maintaining contact via phone calls, emails, and social media, the scammers continue communicating with the victims until the funds are transferred. Once the victim sends the agreed-upon money, the scammers vanish. Reported incidents in 2022 indicated that victims collectively lost over $200,000 due to these fraudulent schemes.

4. About 16% of Victims Also Reported Falling Prey to Imposter Scams on Social Media.

Social media scams frequently involve imposters posing as trusted entities like government agencies, friends, or businesses. With this, the scammers deceive individuals into revealing their bank details/ personal details or sending money to them. This scamming tactic is commonly called account cloning or impersonation. Afterward, the scammers will imitate their victim’s identity, utilizing their name, profile picture, (passport) and personal data to create a social media account (fake account). With these cloned accounts, they will send friend requests to the victim’s network of friends, family, and acquaintances.

Once accepted, the scammers will start a conversation, pretending to be the victim. These scammers plan to borrow money under the victim’s name or learn sensitive information they might utilize for wary financial activities. Many Celebrities usually fall victim to imposter scams.

Scammers create cloned accounts using handles like @official or @fanpage, mimicking the official profiles. A reliable precautionary measure involves checking for verification badges (such as the blue tick on Facebook or Twitter) to confirm the account’s legitimacy and prevent interactions with imposters. Currently, Imposter scamming is increasingly prevalent. Government impersonators, false acquaintances posing as family or friends, and business-related scams constitute a significant portion of these scams. Collectively, it contributes to around 16% of social media scams.

5. Over 84% of Young Adults are More Liable to Fall Prey to Shopping Scams Than Older Folks.

Scammers are taking advantage of the surging popularity of social commerce to exploit people, especially teenagers and young adults. They use discounts or cost savings on purchase promises to win their victim over. Also, the fraudsters pose as a reputable business with an online store to reach social media users. They deceive folks by accepting only’ payments before delivery’ without fulfilling the orders. Essentially, swindling customers rather than conducting legitimate sales transactions.

As per the Federal Trade Commission (FTC), teenagers and young adults face an 85% higher likelihood of falling victim to these scams than older demographics. Furthermore, the creation of social commerce and the development of trust in online shopping platforms indirectly give online shopping scams more grounds. Therefore, it’s important to note that numerous fraudulent websites and sophisticated techniques exist online. Consequently, consumers find it challenging to discern between genuine and fraudulent sales. 

6. 75% of Lottery Scams Were Reported by Older People (50 and Above).

Lottery scams are another popular scam on social media. It’s a different type of social media deception. This scam involves scammers luring people with promises of prizes or lottery winnings. Making them mistakenly disclose their details to them or probably pay a fee to collect the prize. The main concept here revolves around convincing individuals to purchase fake lottery tickets, purportedly offering huge cash rewards.

Once the money gets into the scammer’s pocket, it vanishes, leaving the purchasers with empty/fake promises. Also, the fraudsters can show the victim counterfeit lottery tickets that resemble an authentic scheme. They deceive such a person into believing they’ve won huge money. Moreover, these fraudsters are very smart; they add numbers or barcodes to tickets to enhance the authenticity of their deception. Compared to younger folks, various older folks have become prey to this scam. The FTC report stated that roughly one-third of scams reported by people over 50 were related to lotteries or sweepstakes.

7. Over 50% of Investment Scams Often Occur Via Social Media Platforms via Direct Message Alternatives.

Frequently, investment scams exploit social media direct messaging platforms, especially when the targets are susceptible people with pitches that boast doubtful claims. Social media platforms such as Facebook, Instagram, and Telegram are gateways to investment scams (according to 50% of victims). The scammer lures victims by showing a “get-rich-quick” set-up, especially by promising unusually high investment returns.

Ponzi schemes, one of the most widespread investment frauds, cunningly masquerades as legitimate investment prospects. They mainly target new investors searching for speedy and substantial profits. They also target folks aiming to grow their retirement or savings. The scammers showcase promises of extensive rewards or remarkably high returns, but they’ll vanish once they receive the victim’s deposit. They remove all traces or links to their social media accounts, making them utterly inaccessible and leaving the victims confused and devastated.

8. The UK’s Civil Society Said There Was a 44% Increase in Money Lost to Charity Scams in 2022 Compared to the Previous Year.

The charity scam antics performed by scammers on social media don’t target only legitimate companies trying to make a good impression. They also trick folks who want to contribute to a good cause. Fraudsters perpetrating these scams often act as agents of respected charities on social platforms.

They convince people to donate for noble purposes. However, the money ends up in their own pockets. In 2022, over $2 million was lost to charity scams. This figure marked a 44% increase from the prior year, as disclosed by the Civil Society, UK. The scammers employ various dubious tactics to mimic genuine charity homes. Some of their methods include utilizing visually appealing designs and logos and acquiring tax exemption certificates that make them appear more legal.

They rapidly circulate across social media, which exposes them to various potential victims. Moreover, these charity scams have tarnished the image of legitimate organizations that rely on public trust and support to fulfill their missions. You might be wary of all charities if you’ve fallen victim to such a scam. Also, genuine assemblies couldn’t raise the funds for their crucial work. For safety purposes against social media charity fraud, individuals should research and verify a charity’s legitimacy before donating. Also, highlight the well-known, reputable organizations and exercise caution, especially when they start demanding instant donations.

Type of Indirect Scams on Social Media

9. Over 25% of Scams on Social Media are Romance Scams.

Romance scams are getting popular on social media platforms. In this scam, fraudsters target folks desperately searching for love and commitment. The scammers use their desire for affection to steal from them.

With a fictitious profile on popular social media platforms like Facebook and Instagram, the scammers captivate gullible people into relationships. Once the victim falls in love with them, the scammer will convince the victim to send them gifts or money as a sign of commitment. According to a report, 25% of victims preyed on romance scams. Some respondents in a survey said that the scammer posed as an affluent woman on social media and initiated contact with them. She claimed inheritance from departed guardians and needed money to go abroad for safety. 

Other respondents said the scammer wanted to settle down with a sympathetic folk outside their home country. They came with reasons like war, an abusive spouse, or threats to their safety. Additionally, romance scammers primarily target lonely or divorced men. They lure their victims into paying fees for transferring money between banks, insisting that the charges must be in the destination country’s currency. They utilize psychological tactics, like building emotional connections before cunning stealing significant sums from the victims. Typically, romance scams link with religion and passion. Scammers present themselves as earnest people, portraying religious beliefs so victims believe they’re trustworthy.

10. Globally, Organizations Fell Prey to Influencer Scams in 2022 and Lost $1.5 Billion.

Influencer scam is very unanticipated. Many individuals and companies fall prey to this type of scam. The self-declared influencers (scammers) on social media draw victims’ attention through many methods. They usually disguise themselves by living a fake/stylish lifestyle.

The scammers also buy likes, comments, and fake followers to deceive people. They ask their victims to purchase products using a personalized URL, enticing them with massive discounts. Also, followers can misguidedly purchase counterfeit or replica products via a URL redirection to fickle product sites. 

This social media scam can affect individuals, genuine influencers, and companies. In 2022, companies universally lost nearly $1.5 billion to influencer scams. This encircles losses to fake ad traffic, scam influencers, and phony leads. Nowadays, it’s very easy to buy fake followers on social media. It makes it easy for scammers to magnify their surface popularity. On the other hand, scammers with many fake followers have made it challenging for victims to detect their genuineness.

Additional Social Media Scams Statistics and Facts

11. Young demographics, like teens and adolescents, are more prone to job and get-rich-quick scams. 

12. Equally, technology-supported scams usually aim at older folks, manipulating their susceptibilities.

13. A dominant form of treachery includes scammers posing as social media influencers, defrauding or stealing from numerous people yearly. 

14. Furthermore, inheritance scams lure people into paying entrée fees to access a made-up inheritance.

15. A recent Federal Trade Commission (FTC) report discloses that social media scams aggregate an overwhelming cost of roughly $117 million in 2020. 

16. Moreover, the average financial loss per person due to these scams reached $200, with the most extensive single loss surpassing $1 million that year.

Conclusion

Given these statistics on social media scams, it’s crucial to note that this distressing trend is causing financial and psychological harm to individuals and organizations. Scammers utilize social media platforms as leverage to defraud folks (both old and young). They fool people into donating money to fictional worthy causes by assuming fake identities. As social media grows in popularity, it provides scammers with sufficient prospects to function and harass gullible people.

FAQs

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People often consider coffee the refreshing beverage they need to kick off a great day. Its cool, refreshing aroma has served many for decades past. The downward trend in other industries hasn’t affected the coffee industry. Many apparently still believe having coffee first thing in the morning will stir them up for the day’s tasks.

For most Americans, coffee gives the drive to go about the day’s activities. The average American can gulp up to 3 cups of coffee daily. Seventy-three percent of Americans drink coffee every day, according to recent research. 95 million cups of coffee are consumed daily in the UK alone.

Brands such as Folgers, Starbucks, and Nestle have made quite a good imprint in the hearts of coffee lovers. But a good percentage of coffee is still brewed in the comfort of many homes. One very great thing is its ability to make you stay awake while studying. The number of students who consume coffee has, in no small way, helped boost the coffee industry’s revenue. Caffeine has quite a few health benefits, and in this article, we’ll be looking at the top coffee statistics the sector has fared all through the years. Let’s get in.

Key Coffee Statistics

1. Just 62% of men drink a cup of coffee daily compared to 66% of females.
2. As much as 64% of grownups in America take coffee daily.  
3. Americans gulp up to 400 million caffeine every day of their lives.
4. Every single year, Americans drink up to 146 million coffee cups.
5. Up to 79% of Americans prefer making their coffee in their home.
6. 45% of United States coffee drinkers always use Drop Coffee to prepare their coffee.
7.  Drinking with neither sugar nor cream is done by 35% of coffee lovers. 
8. About 120 million coffee bags come from various coffee-producing countries.
9. Arabica coffee beans have more caffeine in them than Robusta beans.
10. Each person in Finland drinks as much as 12 kilograms of coffee within a year.

Coffee Statistics in the United States

1. Americans Gulp up to 400 Million Caffeine Every Day of Their Lives.

One question that rings through the minds of many is ‘How much coffee do Americans take daily? Americans are well known for their love of coffee. It ranks highest on the chart of beverages taken by these folks with 59%. This comes right above bottled water (58%), with nonalcoholic drinks standing at 53% and tea at the third place with a value of 47%. Americans are one of the highest consumers of coffee, with a daily dose of 400 million coffee cups.

2. As Much as 64% of Grownups in America Take Coffee Daily.

NCA went all out to study the level at which coffee is consumed. It learned that the rate at which people drink coffee has greatly increased since 2012. The studies opened the eyes, showing that 64% of American grownups take coffee daily. This explains why some say they cannot start their day without coffee. 

3. Daily Drinking 3 Cups or More of Coffee is a Lifestyle for the Typical American.

Drinking coffee is a normal wake-up call for an average American. Most will start the day with at least three filled mugs of their favorite brand. The FDA advises people not to drink more than 400 mg of coffee daily. This is the same as you taking 4 cups of your beloved coffee. We can now see that though Americans drink a lot of coffee, they still need to keep it within limits.

4. A Cup of Coffee Should Measure an Average of 9 Ounces.

Countries have devised ways to limit the amount of coffee people take at a time. The standard cup that is used to drink a cup of coffee is 6.7 ounces in Japan. Canada is a bit higher in cup size at 7.6 ounces or 227 milliliters. It isn’t very pleasant to those who think that 8 ounces is the average amount of coffee a person should take. Coffee lovers are allowed to drink up to 9 ounces in America.

5. Every Year, Americans Drink up to 146 Million Coffee Cups.

The large number of coffee drinkers in the United States makes it appear that people cannot stay away from coffee for even a day. The number of coffee mugs in homes and places doesn’t produce 146 billion coffee cups, which is a big deal. The high statistics show that coffee is an everyday lifestyle for the average American. 

6. Coffee Accounts for 75% of Americans’ Total Caffeine.

Americans get up to 75% of caffeine from just sipping coffee. Products that can also give your body caffeine are chocolate, energy drinks, and soft drinks. Chocolate bars give our body up to 50mg of caffeine. One very important thing you should know is that the antioxidant in coffee is what produces caffeine. 

7. Skipping a Cup of Coffee for a Bath is Not an Option for 50% of People Who Take Coffee.

Skipping a bath for freshly brewed coffee isn’t something to consider for 50% of coffee drinkers. Another 49% can leave the house without a cell phone for most of the month rather than skip their coffee. Do you love coffee? How much can you give up for a steaming cup of coffee? These are questions that need truthful answers.

Coffee Demographics Statistics

8. People Who Earn so Much Take the Largest Chunk of Coffee Takers.

This statistic goes against the idea of the commoner in the street that money has nothing to do with the amount of coffee a person takes. The records show that people earning up to $30,000 or more make up 66% of coffee drinkers. Against this backdrop are 58% of persons who do not earn up to $30,000. These people do not have enough money to pay for more than one simple cup of coffee.  

9. Americans Who are 55 or Older Make up 75% of People Who Drink at Least a Cup of Coffee Daily.

There seems to be a relation between the number of cups a person takes and the age. Americans aged 55 years and above enjoy taking at least one cup of freshly brewed coffee. This age generation makes up as high as 75% of coffee lovers in the United States alone. The records show senior citizens in the United States enjoy coffee more than millennials. One age group that takes the least coffee is those between 18 and 34.

10. Just 62% of Men Drink a Cup of Coffee Daily Compared to 66% of Females.

The data presented before us only shows that we’ve got more female coffee lovers than men in the United States. The difference between both genders is quite close by a space of 4%. Women drink an average of 2.9 coffee cups a day, while for women, an average of 2.6 cups is enough for the day. Thinking that there is a close tide in the number of cups both genders take in a day won’t be wrong.

Habit Statistics of Coffee Consumers in 2023

11. Up to 79% of Americans Prefer Making Coffee at Home.

The National Coffee Association showed the world that 79% of people in the United States make coffee at home. This group prefers having a cup of coffee produced in their home rather than visiting a coffee store down the street. Just 36% of those who participated in the survey said they often pay coffee shops for a drink.

12. Drinking Coffee While Having Breakfast is Done by 65% of Grownups in the United States.

As much as 65% of coffee in the United States is with a breakfast meal. 30% of coffee drank is taken in between meals of the day. It’s best served for 5% of coffee lovers at certain meal times. Some studies tell us that having coffee between 10 am and 12 am is great. Not to forget, an afternoon sip of freshly brewed coffee between 2 pm and 5 pm is equally great. 

13. An Espresso Machine is the Choice of 13% of Persons Who Enjoy Coffee in the United States.

Drinking coffee without an espresso machine is a no for 13% of Americans who take coffee. Millennial coffee drinkers are the biggest fans of espresso blends. Young people also flair for specialty coffee and prefer it over bland standard coffee. 

14. Coffee is Enjoyed by About 35% of People Without Using Either Sugar or Cream.

Having 35% of people taking bland coffee leaves a full 65% as those who drink coffee with either a sweetener or cream. Enjoying your favorite blend of coffee with or without cream is a matter of choice, dear reader. 

15. Most Women Like to Have Coffee to Relax Their Nerves.

Coffee comes in handy to men when they need to perform better at a task, but this is not so with the opposite gender. Most women drink coffee when they feel like relaxing or relieving moments. This shows that there’s a little difference in the way both genders take coffee. 

16. Up to 48% of Millennials Drink Gourmet Coffee Over Other Brands.

The young generation enjoys drinking specialty coffee alongside gourmet blends more than any other coffee brand. On the other hand, millennials like taking gourmet blends more than Generation X and Baby Boomers. Up to 36% of the millennials like taking cappuccinos and lattes rather than just sticking to regular coffee. An espresso comes to mind for 22% of millennials in the United States. 

17. The Drip Coffee Machine is the Choice of 45% of Coffee Drinkers in the United States.

As many as 45% of people surveyed by the National Coffee Association said that they use drop coffee in making their coffee. This didn’t in any way push aside single-cup brewing as it’s the popular second choice.  

18. About 29% of People Who Take Coffee in the United States do so to Relax.

Women and men enjoy taking freshly brewed cups of coffee when they want to relax. We see from the report of the NCA that one-third of people take coffee when they like to take off stress. 

19. Ordering Coffee Using an App is Done by Just 9% of Coffee Lovers.

Using an app to order your favorite coffee is slowly becoming a trend today. Ordering a cup of coffee with an app comes to mind for 9% of American coffee drinkers. The answer to this low patronage of coffee from an app is plausible, as most people make their coffee at home.

Coffee Plants and Their Differences

20. About 5 Pounds of Green Coffee Bean Plants Equals One Year of Harvest of Ripe Coffee Plants.

About 4 to 5 pounds of coffee beans produce just one pound of coffee beans after they have passed through heat. Brazil made a nice total of 2.5 metric tons of coffee beans in 2016 alone. 

21. Robusta Coffee has More Caffeine in it Than Arabica Coffee Beans.

Robusta coffee is used to make a standard brew of coffee blends. One great thing about the Robusta is that it’s way stronger than an espresso brand. An expresso has just a third of the caffeine in the regular Robusta coffee cup.  

22. Coffee Plants Can Last as Long as 100 Years.

Caring for a coffee plant makes it last longer for 40, 50 years, and more. Some coffee plants can even stay up to 100 years, bearing fruits. A coffee plant is at its highest bearing stage from ten to 15 years old.

23. Arabica Columbia Coffee Drew up Above all Others in 2017.

Arabica, as the costliest coffee bean in 2017, was not a great surprise as it’s one of the most popular alongside Robusta beans.  

24. With Just $3.28, You Can Get a Cup of Coffee in America.

The average American spends $3.28 daily on just a cup of coffee. This doesn’t end there; some take more than a cup every day. It shows that Americans consume a good amount of money every day. 

25. Brazil can Export Coffee to the Tune of 5.7 Billion Pounds Yearly.

Brazil holds the spot as the highest exporter of coffee. In the 1920s, it produced about 80% of the total volume of coffee on earth. Right now, brazil has a grasp of a third of the world’s coffee. 

26. Retail Sales in the Coffee Industry in America Have Risen Over the Years to Reach a High of $5.2 Billion.

This high level of sales proves to onlookers that the market has good prospects for anyone.

27. South America had a Field Day When it Produced 81.5 Million Stacks of Coffee in 2018.

A weight of 60 kg per bag means that more than 5 million tons were produced in South America in 2018.

Statistics of Coffee Shop

28. Monaco has 52 Coffee Stands Everywhere, Hosting One Million People.

Statistics show that Monaco has the largest coffee shops in a given place. Second to the number is the United States, with many coffee shops. 

29. We Have Close to 24,000 Shops Selling Coffee in America.

This is a huge number, and more will continue to be added as the years go by. Washington has the highest number of coffee shops for every 100,000 occupants within the city. 

30. Coffee Shop Owners Sell an Average of 230 Cups in One Day.

The records are clear on the daily and yearly sales volume coffee shops get. As many as 84,000 cups are sold by coffee shops every day. Shops solely owned by one person make up $12 billion in sales that come into the coffee market every year. 

31. Coffee Shops are Growing at an Amazing Rate of 7% on Average.

The number of daily sales made by coffee shops has made it climb to an enviable position in the restaurant business. Coffee shops are spread across cities, showing that it’s a nice venture for money-making.

32. The World Makes Bags of Coffee up to 110 to 120 Million Yearly.

Brazil is the country that produces the largest number of coffee beans. South America comes first as the continent making the most coffee, with Brazil at the forefront. For over 150 years, Brazil has held its position in the coffee industry. 

33. Each Person in Finland Drinks up to 12 Kilograms of Coffee Within Twelve Months.

Coffee statistics show that the people of Finland take coffee daily as a must-have. They’re the largest drinkers of coffee, with each person bringing 12kg of coffee in a year. Closely after Finland is Norway, secondly is Iceland, and in third place is Denmark, which ranks among the highest coffee drinkers. On the list of countries is the United States, which ranks 26th in the world ranking.

Conclusion

Coffee is a drink favored in almost all parts of the world. The people of Finland are the highest drinkers of this drink. It can be enjoyed with either a cream or any sweetener of your choice. Many nations, including Brazil, export coffee. It’s accepted on the shores with open arms by many residents. This large acceptance prompts the opening of so many scattered coffee shops in places like Monaco.

You can buy a freshly brewed cup of coffee from just around any corner of the street. You can get coffee brewed in your home at the start of any day or anytime you feel down. The Robusta and Expresso come in very handy when you want to rewind, either in the morning or just at the noon hours of your day. Having a cup of coffee steaming right on your dining table while eating breakfast is fun. Coffee has a refreshing taste, be it the regular or somewhat classy type, but be mindful of how much you take in a day.

Frequently Asked Questions

Sources

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Cybercrime is a growing headache for society and families worldwide. Sadly, advancements in the internet have handed more power to bad elements, enabling them to steal from internet users. As technology improves, fraudsters craft new strategies for their criminal activities.

So, it is no longer easy for victims to escape the grip of these dark actors. Spam SMS is one of the vehicles most fraudsters rely on. These messages are rising in number and usage. Sadly, it has resulted in several people losing money to fraud. 39.3% of spam recipients in 2021 were female, while 59.4% were male. The first half of 2023 saw Americans receive 78 billion automated spam texts alone.

Are you looking for a way to avoid spam messages? Do you want to know how much damage they have caused? This article will reveal eye-opening spam text statistics and figures. Also, you’ll find a technique below that could effectively control these spam SMS. Keep reading.

Key Spam Text Statistics

1. Deliveries sector records the most victims from spam texts.
2. Spam text jumped to 58% in 2022.
3. 1 in 3 Americans has received a spam text.
4. The spam text rate dropped during the COVID-19 pandemic.
5. California tops the chart in America for the most scammy texts.
6. 59.4% of victims ever recorded were male.
7. Interestingly, young people are more likely to fall victim to bad players using scam texts.
8. China tops the chart among the regions with severe incidents of these messages.
9. 16% of people have patronized a scammer’s text to purchase service.
10. An estimated 1 million spam texts are sent every minute globally.
11. An estimated 180 billion malicious texts will be sent by the end of 2023.

What is Spam Text?

Fraudsters often employ various tactics to collect these details from a user. These tactics include clicking on a link to receive a reward, which is quite popular. Alternatively, they could approach the victim from a banking issue angle, claiming a problem exists. In such cases, they often prompt users to contact them using an attached link. After clicking this link, the user can fill in personal details to access the desired information.

This setup is a scam; the story is just a hook or clickbait to attract the user. Unfortunately, some unsuspecting users supply these details, exposing themselves to great risks. Armed with these personal details, the scammers can access the victim’s account and steal their money or identity. Also, they could blackmail the victims or damage their reputations. What started quite harmlessly could lead to serious problems and drive victims into depression or suicide. Spam texts often originate from an email address and do not provide a reply path to users.

Top Spam Text Statistics in 2023

1. Spam Texts Moved up by 58% in 2022.

These texts continue to be a pain since the creation of mobile devices. The average American resident received 16.9 spam SMS within April 2021. A survey in April of the next year revealed that these residents got 41 texts. 

2. One Out of Three Americans has Fallen Prey to Scam Texts.

1 out of every 3 resident in the country has communicated with fraudsters through spam texts. Victims are often devastated after such losses, feeling that they should have spotted it earlier. However, statistics reveal it is quite a common occurrence, as one target out of every three has fallen victim to these fraudsters in America. Also, 65% of these victims do not realize they were scammed until later. So, the severity of the attack depends on what information the scammers gain access to.

3. The COVID-19 Pandemic Forced a Decline in Spam Calls.

The global pandemic took the world by storm, altering regular modes of work and interaction. So, remote work took center stage, with people applying more caution while communicating with each other and applying personal space restrictions. Also, as the world adopted the pandemic’s demand on society, scammers altered their mode of operation.

Before the pandemic, scam calls were quite popular and common among fraudsters. However, by mid-2020, the spam call rate had declined by 50% and has not risen since. Notably, 2020 marked the rise of spam texts to exceed spam calls. Since 2020, criminals preferred text messages, placing them at a higher level than other tools. So, in 2022, around 87 billion malicious texts were recorded, showing a scary increase.

4. California is the Area Most Affected by Spam Texts in the United States.

Did you know scammers always improve their tricks with different tactics? So many times, these bad actors focus on places where they had more success in the past. In the US, California tops the scam text hit list. A July 2022 survey disclosed that about 945 million malicious texts were sent there. Texas follows closely with 926M menacing messages documented. Georgia takes third spot with nearly 800M in the same period. 

5. Deliveries are The Top Category Used by Text Spammers.

Spam texts vary in format based on the fraudster’s preference and target victims. However, the goal is to convince a victim to provide sensitive information quickly. Unfortunately, deliveries are one of the most popular methods of these texts. This is because most people order products and services. So, sometimes, the message claims that an order has an issue, thereby requesting sensitive details.

It is also important to know that these messages rose suddenly during the COVID-19 pandemic. The lockdown period was the ideal opportunity for fraudsters since the movement of people and goods was limited. Also, in 2021, 6.5% of spam texts recorded were based on Covid-related content. So, deliveries are the most preferred category used by cybercriminals. 

6. 59.4% of Text Spam Victims Were Male.

Men are often more targeted in text scams than women, probably because they dominate the work environment. A 2021 survey revealed that 59.4% of these texts were sent to males. Also, it showed that 38.3% were shipped to females. Meanwhile, the spam text rate differs based on age bracket. So, women between 18 and 34 are often soft targets. On the other hand, men between 35 and 44 usually fall victim to text scams. This does not mean that different age ranges do not experience such issues. On the contrary! They encounter fewer issues.

7. Younger People are Easy Prey for Text Scams.

The common assumption is that older people are more prone to be victims of fraud. This belief stems from the fact that they might be easily manipulated or are more generous. However, this assumption is a misconception, as young people who are more tech-savvy are more likely to fall for scams. The fact that younger people rely on more digital concepts and technologies makes them more vulnerable. Older generations have a harder time trusting these technologies than younger people, who might not thoroughly question the process.

Statistics reveal that people aged between 20-29 are more likely to lose money 41% of the time. In comparison, those above 80 only lost money to fraud in 17% of the total cases. However, it does not negate that older people are more generous. Statistics reveal that young people, on average, lose $500 to text scams. On the other hand, older people are more likely to forfeit $1,500 to a single text scam. Generally, the amount lost to these text scams is increasing significantly. In 2020, the average loss was $351; however, this average will rise to $502 by 2021. These figures confirm the losses to scammers are increasing over the years. 

8. 16% of Individuals Have Purchased Something From a Spam Texter.

Text scams are increasing worldwide, and anyone can fall victim to these fraudsters. Sadly, scammers constantly refine their texts and methods to bait their victims. This makes it possible for previous victims to slip into these scams again, even if they have been scammed. For instance, statistics reveal that the same scammer has previously targeted victims targeted by scammers. An estimated 16% of individuals scammed previously are often targeted by the same scammer. Despite repeated attempts to curb scam messages, it seems impossible to prevent these scams from occurring.

9. China Struggles With the Biggest Spamming Problem in the World.

The United States struggles with text scams, with many individuals falling victim. However, even the United States is surpassed by China. Scams are increasing fast there. So, it is difficult to get the actual number of scam texts sent out and the number of victims. The country ranks number one among nations that struggle to beat the malicious text menace with incredible numbers. Remarkably, on February 6, 2023, it noted over 17,500 spam cases. Meanwhile, the US faced 9,000 similar cases in the same timeframe.

10. Over One Million Spam Texts are Sent Every Minute.

Cybercriminals use a numbers game. They send multiple messages, hoping to catch a few victims out of hundreds. Also, modern tools like chatbots make it easy for messages to be sent out in shorter periods. So, fraudsters rely on these tools. A survey in November 2022 revealed that over 1.57 billion spam texts were sent daily. This is the scary reality facing law enforcement agents.

11. Spam Texts Will Likely Exceed 180 Billion in 2023.

Malicious messages are a pain to most nations and users worldwide, especially former victims. Experts estimate that robot-created texts will likely rise above 180 billion in 2023, growing at 10% annually. Also, scammers will likely realize over $15 billion 2023 through text spam. This confirms how deeply this menace has eaten into society.

How to Quickly Identify a Spam Text

Learning to decode and identify ill-intention texts quickly is vital to escape fraudsters’ tricks. Also, these methods will help a user protect themselves and their details. Some common traits of these texts are listed below:

1. Urgency

Scammers execute their plans in the shortest possible time to prevent their victims from thinking rationally. So, spam texts and all types of scams seek to provoke a reaction from the target so they can provide the required information. Note that a genuine business rarely needs an instant response from a receiver. So, any text that urges the recipient to respond urgently with a deadline attached is likely a spam message.

2. Strange Timing

Since most of these messages are sent using software, they can be transmitted at odd hours or night. However, spammers often prefer to send their messages at night when the network is quieter. Also, they could target the morning hours to create stress and force a rash decision to benefit them. So, whenever a text comes in, it is quite helpful to look at when it was sent. Also, businesses requiring urgent action seldom send messages late at night. If an individual receives such suspicious messages, proceeding cautiously is best.

3. Link Attached to Text Message

It helps to be wary of opening links from untrusted sources as they may instantly compromise your device accessing sensitive data. Even if the link is from a trusted source, proceed with caution. But, if the link originates from an unknown source, it is probably a scam. Also, look closely at the link. It is likely a scam link if it is short or does not look like a normal URL. So, for your safety, avoid clicking links embedded in texts.

4. Phone Number With Abnormal Length 

Also, closely examining the phone number that sent the message will reveal more vital details. Spammers do not want their targets to know where their text messages originated. So, the number will most likely be fake and one digit longer than usual in most cases. Also, it may have an unusual dial code that is uncommon with your local area code. Therefore, if the details call for concern, it is best to assume that it is spam text. The next line of action is to block it and report it to the network provider. Using a mobile device is easy and might limit similar activities from the same scammer.

How to Protect Yourself From Spam Texts

The best way to protect yourself is to study and understand how these scammers operate. The more you learn about these spam messages, the easier it will be to overcome these scams. Here are some steps that could be quite helpful:

1. Register a Profile With Do Not Call

Do-not-call services help to prevent or reduce the number of spam calls a number receives. Also, adding your number to a Do-Not-Call list will greatly limit the spam texts users receive. So, your number will be blocked from intrusive calls within reasonable limits, making it difficult for scammers to find it or send a message. However, this list will not create a user immune to receiving spam texts or calls but could block a significant number.

2. Block Numbers to Safeguard Your Phone

Utilize the blocking option on your phone to reduce the rate of spam messages. However, you cannot block a number until you have received a text message. If you obtain an unsolicited text message, refer to the phone settings and click the block option. Blocking a number will list it under spam. So, the phone will stop all messages and calls from the recorded number, and you won’t even hear the phone ring. Also, a user can block all unidentified numbers calling their phone directly from the phone settings.

3. Consider How Urgent the Message Is

Consider the message before reacting or responding to a message, especially from an unknown sender. Note that spam messages create a sense of urgency as the scammer hopes for a quick reaction from the recipient without giving it thought. Often, they attach a time limit to a special offer or claim something bad could happen if the victim does not react quickly. For instance, they could insinuate that your bank account could be compromised if you do not provide details. Also, they will claim that these details must be delivered in a few minutes to prevent loss of funds or some other negative event. Therefore, it is important to proceed cautiously and avoid a knee-jerk reaction. Anyone trying to rush you into making a quick decision is probably a scammer.

4. Weigh Your Options Carefully Before Responding

The most effective way of outsmarting these scammers is to pause and consider the message received. If the message is unexpected or pitches an offer that is too good to be true, these are often the hallmarks of a scam. Sometimes, a slight pause for consideration could spare you the pain of falling victim to a scam. Carefully consider the offer and get clarity if it is genuine or not. Take your time. Don’t be in a hurry to comply with what you know little or nothing about. Also, remember, no matter how juicy an offer looks, there is always a catch. It is probably a scam if you cannot find the attached terms and conditions.

5. Never Open Links Attached to a Text

Be wary of text messages or emails with links unless you are certain of their source. Preferably, type the address into the internet and then confirm the information. However, do not copy and paste the link into your browser. For instance, if the message is related to your bank, do not click on the link. Rather, access your bank account directly from your app or the internet and confirm if there is an issue. Also, the same rule applies to delivery services; rather than clicking on the link, type the delivery service to research it on the internet. Additionally, look up the company online to confirm whether it is genuine and if such a message exists.

6. Use a Spam-blocking App

Thankfully, technology has also provided a measure to reduce the exposure to spam messages and calls. You can use a spam-blocking app like Verizon’s Call Filter or T-Mobile’s Scam Shield. Also, clicking on Spam Protection from the app settings menu on your mobile device could do the trick. There are also premium spam blocking apps such as SMS Spam Stopper 9 $2.99) and Truecaller, which has free and paid options. Following the precautions listed above will safeguard users from spam messages and fraudsters.

Conclusion 

The numbers speak for themselves – scam texts and emails are flooding more inboxes by the day, their claims growing craftier and more convincing to the undiscerning eye. Behind the data lies a disconcerting reality about our fast-paced, tech-driven times.

Armed with sophisticated tools like AI, fraudsters now mimic corporations and contacts with frightening authenticity. Meanwhile, in our hurry to push through overflowing inboxes, it becomes dangerously easy to skim right past the red flags. That simmering sense of urgency they instill leaves hardly any room for questioning as our thumbs tap and data transfers before we can blink.

But whether hastily clicking or cautiously considering, preventative measures bear repeating – never trust unsolicited links or attachments, no matter how credible the design appears. Verify suspicious claims manually on official sites. Keep device protections and filters updated. And, of course, flag rather than forward any message aiming to scam.

By taking a breath and proactively safeguarding our communication channels, we deny scammers the power to infiltrate and exploit them for their gain. We are responsible for locking down those pathways and keeping data thieves at bay. Together, we can reverse these troubling statistics and secure the channels that connect our lives.

Frequently Asked Questions

Sources

The post Spam Text Statistics (Growth and Severity of Fraud in 2024) appeared first on The Tech Report.

JD.com has come a long way since its inception. The company does not joke about customer satisfaction and has given its numerous users the best in retail trading. It has also made a name for itself in e-commerce and logistics services. The firm and its staff took many steps to bring it to where it is now. JD.com is always pushing to gain more success from progress made in the past. JD.com was predicted to reach 400 billion US dollars in net sales in 2022. By 2027, this number is expected to reach 736.8 billion dollars, preserving the company’s position as a global retailer leader.

Known for selling electronics and general products, JD.com has spelled out its theme to give users value for their time and money. Its quarterly and yearly reports over the years are proof of this fact. Not only the Chinese but nationals of other countries see JD.com as an answer to shopping for quality products at the lowest prices. Having great customer service is one of the reasons why many customers keep coming back again and again. Keep reading to discover the most important JD.com statistics of 2024.

Key JD.com Statistics

1. Jdlaser .com, commonly called JD.com, was birthed 1998 as a retail online site. 
2. Trading online kicked off in all gear in 2004.
3. Jd.com was once known in time past as 360buy.com.
4. The company changed its name in 2007 to JD.com to focus on general supply.
5. It kicked off building a logistics system after the name change.
6. JD.com’s revenue has become the biggest retailer in China and among the biggest worldwide.
7. Liu Qianqdong, founder of JD.com, served as its CEO till July 2022.
8. Beijing, China, is the headquarters from which JD touches the world. 
9. The number 87 is the authority name for JD.com on the net.
10. Weibo, a social media site, brought in the highest traffic, with 60.58% at the close of October 2023. 
11. Up to 68% of people who worked at JD.com say that Liu Qianqdong is a great CEO. 
12. Its delivery service runs on a complex process that the average person may not understand. 
13. Drones came in handy in carrying medical supplies during the pandemic. 
14. Liu Qiangdong, Walmart, and Tencent have the highest ownership of JD.com.
15. Buying the Jade Palace Hotel cost JD.com as much as $400 million.
16. It was able to launch its credit card with the help of Ping Bank back in 2019. 
17. JD.com entered the United Kingdom and France soil in the first month of 2018.

JD Statistics – Workforce

1. The Number of Active Users of JD.com Rose to as Many as 569 Million in 2021.

E-commerce activities went uphill all through the whole coronavirus period. Online buying became the norm as it was the only means by which people could buy products. As a result, the Chinese online retail giant recorded a high turnout of about 567.7 million users in just a year.

2. Active Users on Jindong Rose to Over 441 Million at the Close of 2020.

The year 2020 ended on quite a great note for JD.com. The company had over 441 million active users on its site at the year’s close. 

3. Active Dealers on the Jindong Site Rose to a Height of Over 250,000.

JD.com openly said in 2020 that it would be cutting down on the number of merchants it had. It also planned to cut down some of its running costs as well. China merchants in Hubei got waivers with a month of free operation during the pandemic. 

4. JD.com Workers Rose to 362,171 at the End of 2022.

The number of workers at JD at the close of 2022 was 21.24% higher than last year. Through the years, there has been a rise in the number of hires made in the company. 

5. Home Appliances and Electronics are the Items That Sell Most on the JD Site.

Home appliances and electronics have stood out over the years as the best selling points for JD. com. The company’s name is well sounded regarding getting large chains of electronic stores in China. It has shown that it gives attention to the offline market by opening 10,000 retail stores. JD has crossed over the boundary of China to reach over 80 countries on earth. It is suitable to state that JD.com is the smart online shop method. 

6. An Average Visitor on JD.com Looks Over Eight Pages in a Single Session.

The average user looks at over eight pages at a session on JD.com. This shows that more and more people are interested in what JD offers. 

7. It Takes an Average of 5 Minutes and a Second to Complete a Session on JD.com.

Completing a session is no big task as it takes an average of just 5 minutes one second.

8. 53.3% of All JD Visitors Come From Chinese People.

China is the home base of JD.com, so it is no wonder that it has the largest chunk of site visitors. There has been a massive turnout of visitors from China to the site after its launch in 2007.

9. The United States Takes the Third Place With Just 8.15% of Traffic.

In a recent report, the United States ranked third in the ranking of countries based on the percentage of visitors. It came right after Taiwan, which had 18.22% in the same period. 

10. JD.com is Gaining From the Trend of Women Spending More of Themselves Than in the Past.

Chinese women now spend far less on buying household items than the men. In 2021, 54% of women shopped for personal items. Women who use JD.com have steadily climbed up over the years with no sign of slowing down.

11. Less Than 50% of JD Users are Between 25 and 34 Years Old.

The young generation makes up about half of the total number of users on the site, with 42.03%. Most of its users in this generation are between 25 and 34 years old. 

12. Persons Who are 18 to 24 Years Old make up Just 23.12% of Users on JD.

The younger generation, or millennials, make up just 23.12% of the total number of people who use the website. 

13. Just 2.12% of JD.com Users are Above 65 Years Old.

Those who are advanced in age take up just a small fraction of the visits. As little as 2.12% makes up the total percentage of those 65 years and above on JD.

14. JD.com Stands at 3.5 Out of an Industry 5-point Rating.

In a recent rating, Glassdoor stated that JD stands at 3.5 due to good working conditions. 

15. Sales Assistants Receive an Average Salary of $19,000 on JD.com.

The average sales assistant earns just about $19,000 working at JD.com.

16. Most Past Workers of JD Whined About Balancing Work With Their Daily Lives.

Finding a balance between work and family life was a problem for many who once worked at JD company.

17. JD Company Tries to Ensure All its Workers Enjoy a Good Work Setting.

People give their best when the setting of their workplace is friendly. JD.com has come a long way in providing its workers with a nice and calm setting to strive daily. Little wonder its past workers have something good to say about their work experience. 

18. Over 50% of People Who Worked at JD.com Will Refer a Friend.

Up to 62% of persons who have once worked at JD.com will freely ask a jobless friend to try it.

JD.com Statistics – Users

19. Up to 88 Million People Use JD.com Services Every Day of the Week.

JD.com has attracted quite a large number of people to its services. It has a total of 88 million users each day of the week.

20. As Many as 80% of Buying Orders Come From Mobile Devices.

A large percentage of JD.com orders are done using a mobile phone. Up to 80% of total orders come in from users who have a phone.

21. JD had About 567.7 Million Active Users Close to 2021.

This is no small feat, as China’s retail giant had just 471.9 million users in 2020. The increase in the number of users recorded by JD in just twelve months shows how far it has spread around China. 

22. The Site Has 179 Million Visits Monthly From People Trooping in to Make Purchases.

JD gets up to 179 million visits to its website every single month. This large number of monthly visits is unsurprising since the site is one of the most used Chinese e-commerce and logistics sites.

23. China is at the Forefront of JD’s Site Traffic, Contributing 93.58% of the Website Visits.

As the home base of JD.com, over 90% of traffic comes from China. The country brought in as much as 93.58% of traffic in October 2023. The remaining share is divided among Taiwan, Hong Kong, and the United States. Taiwan came in second place with a total of 2.05%, and then Hong Kong had 1.51%. The United States, on the other hand, accounted for 0.68% of traffic on the website in that same month. 

24. The Number of Women Using JD.com has Also Increased, Contributing up to 28.42% of the Traffic on the Site.

In October 2023, 28.42% of JD.com traffic came from female visits, while males took a greater percentage. The site recorded about 71.58% of monthly visits from men in October.

25. More Than 57.93% of Visitors to the JD.com Site First Visit the Website.

Traffic that came straight to the website was as high as 57.93% in October 2023, while that from organic search amounted to 23.94%. 

26. Search Engines Also Contribute to the Total Number of Visits on JD, as They Raised 11.8% in Traffic.

JD.com saw traffic entries from search engines up to 11.8%, showing that quite a few people gain entry to JD services through search engines.

JD.com Statistics – Revenue

27. It Had a Nice Landing of $147.73 Billion at the Close of September 2023.

Within twelve months, JD.com made a total of $147.73 billion. This marks a remarkable increase from what the firm recorded in the past year, with a rise of 3.60%. But it’s too early to stamp the outcome since 2023 is still in session, and more revenue will likely come in before the year ends. 

28. The Year 2022 Closed on a Good Note With a Revenue of $150.11 Billion.

The year 2022 was remarkable for the JD Group as it made a revenue of $150.11 billion, a 0.95% increase in its total revenue. 

29. Revenue in 2021 Was Not Different From Other Years, With a Nice Sum of $148.69 Billion.

The year 2021 ended on a good note with a high $148.69 billion. This was a hike of 30.38%  from what it had in the past year.

30. JD.com Stock Ended at $28.16 Towards the End of November 2023.

Stocks in November had quite a good ending with $28.16.

Conclusion 

JD.com has done well for itself from the time it came into view. Over the years, it has become a force to reckon with in China’s online retail world. With years came the need to spread out to other countries. Countries like the United States, Taiwan, Hong Kong, and the United Kingdom enjoy JD.com. If you need the best service delivery at short notice, JD.com is the right place. JD.com has you in heart, from electronics to home appliances and a whole lot more. You can get its services using a phone, search engine, paid search, and more. Online retailing has never been this great without JD.com in China and worldwide. JD.com has you at its heart, with stores scattered everywhere to make shopping convenient for customers. Making use of JD.com is the best thing ever.

FAQs

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The post 30 Outstanding JD.com Statistics (2024 Facts and Figures) appeared first on The Tech Report.

Are you having trouble storing your documents? Dropbox is here to do the job for you. Dropbox is fast becoming a means for businesses to save and share documents without stress. The number of workers bidding for remote work has made Dropbox a need in business. Its number of users has grown in no small way as its fame rises.

As its worth rises yearly, so does the number of content on Dropbox. More than 700 million people in over 180 countries use Dropbox to store and collaborate on files.  People now need to spread the word about their business to other countries. It has been able to cover several countries in its period of survival. More success is likely to happen because of how Dropbox is faring today. There are many interesting Dropbox statistics and facts, which we will be looking at here. Let’s dive in.

Key Dropbox Statistics 

1. The idea of Drobox came to two MIT students named Arash Ferdowsi and Drew Houston in 2007.
2. Dropbox was formed to give users cloud storage, software, and personal cloud, not in any way putting aside file managing.
3. Dropbox could be boosted by having 100 million users in just four years. 
4. Dropbox has the fourth spot in the world of cloud storage.
5. Expenses on operation costs are as high as $1.38 billion on Dropbox. 
6. Content items have risen to 550 billion on the Dropbox site. 
7. Users now have a better experience with Dropbox in 20 languages.
8. Dropbox assets were priced at $2.852 billion in 2022. 
9. Research and development take up to $727.5 million yearly in Dropbox. 
10. $442.8 million that enters the purse of Dropbox comes from promotion and sales.
11. The cost of running Dropbox takes as much as $227.9 million from Dropbox’s pocket.
12. The value of Dropbox at the end of 2020 shot up by 25% to reach $10 billion.
13. Dropbox CEO remains the same old co-founder, Drew Houston.

Dropbox Industry Statistics

1. The Dropbox File-Storing Market in 2020 was Priced At $371.4 Billion.

The market in 2020 was great, ending with a total of $371.4 billion. Its CAGR had an all-time high of 17.5% in that same year.

2. The Market will Most Likely Climb to Hit $832.1 Billion At the End of 2025.

The global market is not showing any sign of slowing down anytime soon. The market will likely get to $832 in the year 2025.

3. Cloud Computing is the Way to Business For 94% of Companies.

Businesses are fast coming to see why cloud computing should be used. 94% of companies worldwide are embracing the idea of cloud computing. This whole idea in 2023 is a rise of 14% from what it was in 2020. You will save time and money when you switch over to cloud computing.

Dropbox Demographics

4. Registered Users on Dropbox have Reached Over 700 Million.

Dropbox has more than 700 million users covering over 180 countries. It has taken its mission to make work life easier to a whole new level today.

5. A Premium Account is the Choice of Over 15 Million People Using Dropbox.

There is a steady rise in the number of paying users in Dropbox. It had a total of 17.77 million users in just 2022. This was a rise in paying users of about a million from the record in 2021. Dropbox’s paying users have kept rising for six years in a row.

6. Over 9 Million Companies Make Use of Dropbox Sites Today.

The number of businesses using Dropbox is on a steady rise. Though not famous with folks, it is making a name for itself in business. Companies’ move to the cloud has brought Dropbox to the limelight in no small way. Companies that use Dropbox for cloud storage rose to 9 million in 2017. Its encrypted algorithm is pulling in more and more companies every year.

7. File Sharing with the Cloud will Likely Hold Over 180 ZB of Data By the End of 2025.

The future is bright as many companies come under the umbrella of Dropbox. In the coming years, we will see a rise in cloud computing. Data created and used in 2020 was as high as 64.2 zettabytes. The demand for data has risen in no small way since the COVID-19 pandemic. This will not slow down since the sheets show it can hit more than 180 ZB by the end of 2025. 

8. Up to 60% More People Used Dropbox With a Desktop During the Pandemic.

There was a rise in people who used a desktop to get into the Dropbox site. Dropbox, like every other business, had its fair share of users. Macompaniesses saw the need to keep their data safe, for which Dropbox comes to mind. 

Dropbox User Statistics

9. Spending $134.51 Annually Comes Naturally to the Average Dropbox User.

It was $110.54 in 2016 and has continued increasing until now. The steady rise in the amount of average revenue from each user only goes to show how wide the market is. From $110.54, it rose to $111.91 in 2017. It did not stop there; it rose to 117.64 and 123.07 in 2018 and 2019, respectively. Average revenue from each user turned out to be $134.51 at the end of 2022. Dropbox has put in place its best to have a rise of 16.25% in average user revenue from 2016.

10. The Average User will Spend Up to 13% More on Dropbox Than in 2015.

This does not come as a surprise, as more businesses see the value that Dropbox gives its clients.

11. Only 18% of Dropbox Users Use it for Personal Purposes.

A small fraction of Dropbox users were found to use the site for personal purposes. Just 18% of citizens in the United States use Dropbox for their cause. The combined users, both in business and private, have taken it to an exalted 4th position in cloud storage. Dropbox comes right after Google Drive with 40%, next is Apple iCloud with 33%, and in third place is Microsoft OneDrive with 20%.

12. Premium Users Have Risen in No Small Way Since 2015 in Dropbox.

Paid users stood at 6.5 million and have since grown over the years. The number of paying users in Dropbox totaled 17.7 million in just 2022. It had 1.17 million users at the end of 2020. This was a rise of 8.8% from what it was in 2019.

13. API Calls on Dropbox Have Climbed to Reach 60 Billion Monthly.

Developers on Dropbox can easily unite their apps with the Dropbox system. The company had more than 50 billion calls from the application programming interface, also called API, in 2019. The last is not yet heard, as more developers are coming in. Dropbox had 60 billion APIs by the end of 2020.

14. Zoom and Dropbox Were on the High Side During the Pandemic.

One great news you should know is that Zoom meetings can instantly be saved on Dropbox. This only happens when you turn on Zoom at the App Center on your Dropbox account. After Zoom is clicked on your account, kindly copy Zoom recordings to your Dropbox and click on update. Atapesngs will go directly to the Zoom folder when you record a Zoom meeting. 

Dropbox Workforce Statistics

15. The Number of Workers in Dropbox Summed Up to 3,118 At the End of 2022.

Dropbox could boast of having 3,118 workers on its payroll on the last day of 2022. This was the largest that it has ever had since 2015.

16. Workers in Dropbox Totaled 2,667 in the Year 2021.

The year 2021 was quite a one to remember as Dropbox had a downhill. Employees were asked to go home, bringing it down from 2,760 in 2020 to 2,667 at the close of 2021.

17. 85% of Dropbox Staff Live in the United States.

The number of Dropbox workers in the United States is quite high at 85%. What this means is that just 15% are living outside America.

18. The Average Staff of Dropbox in 2020 Earned Up to $144,664.

Staff working at Dropbox took home an average pay of $144,664 all through 2020.

19. Women Make Up to 40% of Dropbox’s Total Workforce.

Women have a good spot in the employment area at Dropbox. They occupy up to 40% of the positions in the company. This is quite a good sign that shows ladies have a say in Dropbox affairs.

20. Women Took Up 41% of Leaders’ Posts in Dropbox in 2020.

It is no surprise that women are taking up top positions in Dropbox. The percentage of ladies working in the company shows its stance on women in the tech industry. Women are getting more attention than the male folks. Ladies have gained the upper hand in promotion for five years. This is in a bid to meet up with its mantra of climbing over all forms of injustice in the workplace.

Dropbox Business Statistics

21. Paying Businesses Have Been on the Rise in Dropbox, Ending At 8.18%.

The rate at which businesses use Dropbox rose by 8.18% in just 24 months. Between 2019 and the end of 2020, companies trooped into Dropbox by 8.18%.

22. Business Teams Across the Globe Love to Share Documents Using Dropbox.

As many as 500 business teams used Dropbox to share important documents in 2020. This is very much expected, as Dropbox is known for providing great services in cloud computing. Its focus on serving businesses with file recovery, security, and boundless storage is well embraced.

23. The Call for Dropbox was High, Especially in France During the Pandemic.

Many people turned to Dropbox as an answer to many budding business needs due to how things were during the pandemic. Daily business team trials rose in March 2020 to 40%. This feat of success went with more schedules and joint activities as well. Personal plans were not in any way left out, as they rose by over 25% within the same time. Countries like France, Italy, and Spain were very involved during the COVID-19 pandemic. There was also a rise in basic mobile and web signups.

24. A Great Deal of Companies that Use Dropbox Are in the United States.

Dropbox has come a long way in terms of service delivery. Most companies in the United States that use Dropbox center on IT. Most of the time, these businesses have between 10 and 50 staff and earn an average of $1 to $10 million as revenue. The United States has as much as 68% of Dropbox’s client base. The United Kingdom, Canada, and Australia are other countries that top the list.

25. Businesses Centered on Computer Software Can Easily Turn to Dropbox.

Dropbox is quickly taking the lead in cloud storage and file management. It has climbed up the feat of setting the standard for storing files in the cloud. Dropbox ranked fourth among the top 100 companies in the software industry in 2021. This shows that Dropbox has created a name for itself in the industry.

26. Most Companies that Use Dropbox Have a Staff Strength of 10 to 50.

Businesses that use Dropbox services most often fall between 10 and 50 workers. These companies in need of seamless cloud storage turn to Dropbox.

27. Businesses Using Dropbox Get An Average of $1 to $10 Million in Revenue.

These companies with staff strength below 50 make just between $1 and $10 million as revenue annually. 

Comparing Google Drive to Dropbox Statistics

28. Only 18% of Clients in the United States Use Dropbox to Store Documents.

Up to 40% of consumers in the United States use Google Drive to store documents. This is quite high when compared to the 18% that use Dropbox.

29. Dropbox Gives Free Data 2GB to Each of Its Users Spread Over the World.

You can receive 15GB of data storage at no cost on Google Drive as a client. Dropbox is far off as you can only get 2GB of free data storage using Dropbox.

30. Customers Get 18GB of Data Storage by Simply Giving Out Referrals.

Sending out referrals gets a due reward when you use Dropbox. All you need to do is simply refer a friend to get a storage space of 500 MB. Notably, this comes with the Basic account pack. Those on Dropbox Plus and professional accounts are not left behind, as you get 1GB when you refer someone. The last and in no way the least is the Dropbox Basic, which gets 16GB for referrals. This is a great way of earning more storage space for yourself and your business. 

31. Clients on the Dropbox Basic Account Can Use Three Devices Simultaneously.

The number of devices a person is allowed to log into is based on the plan that person is on. Clients on the basic strategy cannot log into more than three accounts. Log into as many devices as possible on the Dropbox Plus and Professional accounts.

Dropbox Revenue Statistics

32. Revenue was High, With $2.158 At the Close of 2021.

The year 2021 was great as Dropbox and its team went all out to meet clients’ needs. It ended the year on a good note with $2.158 billion. This was an increase of 12.7% from the past year.

33. Dropbox 2020 was Successful, With An End Revenue of Over $1.91 Billion.

It was a great year for Dropbox, like when $1.91 billion was made as revenue in 2020. This shows that it made 15.06% more than it had in 2019.

34. The Earnings of Dropbox From Just Users in the United States Stood At $999.3 Million.

This should not be surprising, as the United States raises over 50% of the revenue that comes into Dropbox each year. Revenue in Dropbox has been faring well since 2015, which landed at $999.3 million in 2020.

35. Sales in the International Scene of Dropbox is Valued At $941 Million.

Dropbox is growing in value at the world level every single year. It is little wonder why it took fourth place in the top 100 software companies in 2021.

36. Revenue for Dropbox Took a Hike By More Than 15%.

The year 2019 to the end of 2020 was indeed one that saw a rise in revenue by 15% for Dropbox.

37. International Revenue has Risen by Over 33% for the Dropbox Company.

Dropbox’s revenue for five years has risen by over 33%. This is allowed because more and more companies need to get on board. 

Facts On Dropbox Security

• Dropbox uses a 256-bit Advanced Encryption standard to protect all its clients’ files. 
• Data moving from the apps to servers use the Secure Sockets Layer as protection. 
• Applications are always kept in check to ensure they are far from harm’s way.
• A two-step proof exercise is carried out whenever you want to log in.
• Users can get a text message or a TOTP for security codes.
• Public files can only be viewed by those with the link to them. 

Conclusion

Dropbox has come a long way in securing its clients’ data worldwide. The best teams have been put in place to ensure clients are satisfied. The security of files in Dropbox is not an issue, as steps are taken regarding this. You only need to take the two-step proof exercise to keep your data intact. 

One striking thing about Dropbox is that no one can access your files except you. Just a few staff can look into the data saved on Dropbox. At Dropbox, satisfying clients in every way is the watchword daily. This view has taken Dropbox company to the height that it is right now. 

FAQs

Sources 

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When we look at the most recent US electric vehicle statistics, we see a fascinating picture. The popularity of electric cars is on the rise worldwide, and the US looks to be one of the largest markets for EVs.

For that reason, it’s important for marketers to have a clear view of the global EV market, which means answering the following questions:

We put together this comprehensive guide to answer these very questions – and more. We hope that you find the latest US electric vehicle statistics as electrifying as we have.

Let’s dive in.

Key US Electric Vehicle Statistics

US EV Market Size Statistics

As of 2022, the global market share of electric vehicles is 14%, up 5.3% from the year before. It’s certainly come a long way from 2010, when the EV market share was only 0.01%.

In this section, we take a look at the market share of electric vehicles in the United States of America and estimate how many cars in the US are actually electric.

US EV Market Share & Size

Kelley Blue Book estimates that, in 2023, the market share of electric vehicles in the US was 7.6% – an increase of 1.7% from 2022. In terms of quarters, Q4 of 2023 saw the highest market share of EVs, namely 8.1%. That’s slightly higher than Q3, when EVs’ market share was 7.9%.

In terms of market size, statistics tell us that the United States EV market is forecast to reach $82.8 billion in 2024. As you can see from our infographic, that would make the US one of the top five EV markets in the world, preceded only by China.

How Many Vehicles in the US Are Electric?

According to Experian, as of H1 of 2023, there were a total of 287.6 million cars and light-duty trucks on the road in the US. Electric vehicles made up around 1% of these vehicles. Although that doesn’t seem like a lot, it actually amounts to approximately 2.88 million electric cars.

On top of that, the first half of 2023 saw 11.2 million new retail vehicle registrations in the US. 7.5% of the 11.2 million newly registered cars were electric vehicle registrations. That’s a solid 840,000 registrations!

US EV Sales Statistics

2022 was an excellent year for EV sales in the US, as the country saw almost 1 million units sold (918,460). A significant share of these units was sold by Tesla, nearly 522,400 units or just over 56%. Ford was the second-biggest seller of EVs in the US, with 61,575 units sold within the country.

As you can see, Tesla is an undisputed EV market leader in the US, with a market share of 55.1% However, as you’ll soon see, other automakers are catching up.

In terms of future developments, the numbers tell us there will be 1.28 million EV units sold in the US by the end of 2024. And, by 2028, the sales of EVs in the United States will reach 2.46 million units, that’s 1.46 million more than in 2022!

In the next section, we go over the statistics of sales and revenue of each major EV market player active in the US.

EV Sales & Market by State

The most prolific adopter of electric vehicles in the US is the State of California. Experian tells us that the sunny state made up 35% of all EV registrations in 2023, with LA and San Francisco accounting for the majority of new EVs (148,000 and 86,000, respectively).

New York City came third with 58,000 EV registrations in 2023.

Indeed, California and the Eastern Seaboard are popular markets for electric vehicles. However, we also saw that other US markets experienced significant growth in EV popularity in the last five years. Here’s a breakdown of locations with the highest average 5-year YoY growth.

US EV Pricing Statistics

High prices is one of the most significant concerns for US consumers when it comes to electric vehicles. Indeed, EVs have a much higher price point than fuel-powered cards.

For instance, Tesla’s Model Y starting prices vary from $31,490 to $36,490 around America, according to their Q3 2023 report. And although Model Y was one of the bestselling cars in the US in 2022, it only came fifth overall.

On average, a fully electric vehicle cost $61,448 in 2022, according to Statista. Needless to say, that’s a very significant cost for the majority of US population.

At an average of $32,564, hybrid cars are a lot cheaper. Even so, a buyer would have to pay around 24% more for a hybrid than the an average compact car ($26,282). Therefore, the high price point is likely holding back EV adoption numbers.

Key Players of US EV Market

In this section of our guide, we’ll take a close look at each of the key players of the electric vehicle market in the US. But first, let’s take a look at the market share of top EV providers in the US. Here’s the breakdown, according to a 2023 report by Kelley Blue Book:

Tesla

As mentioned above, Tesla is the leader in the US EV market with a share of 55.1%. Two of the most popular models of electric vehicles – Model Y and Model 3 – are made by Tesla.

Model Y sold 243,800 units in the US in 2022, and Model 3 sold 200,800 units that same year in the region. The market share of Model Y in 2023 was 33.2%, while Model 3 held a share of 18.9%.

Even though Tesla sold an excellent 522,400 units in 2022, they outdid themselves in 2023, managing to sell nearly 654,900 units in the US in total.

Experian also tells us that Tesla is the leader in the luxury EV segment. As of Q2 of 2023, Tesla models were four of the top five bestselling luxury EVs in the US, including Model Y, Model 3, Model X, and Model S.

From 2018 to 2022, Tesla earned the bulk of its revenue from US sales. In FY 2022, Tesla’s US revenue amounted to $40.55 billion, making up almost 50% of the company’s total global revenue of $81.46 billion. Those $40.55 billion amount to an increase of $16.6 billion from Tesla’s US revenue of FY 2021.

General Motors

Tesla might be the market leader in the US in terms of sales, but General Motors (GM) is also gaining ground. Thanks to their significant R&D investments focused on electric vehicles, they’re growing their presence internationally. Their intention is to sell only zero-emission cars by 2035.

Vehicles such as Chevrolet Bolt and GMC Hummer EV are the brainchildren of GM. The latter was quite popular in the US in 2020.

42% of consumers expressed an interest in the Hummer EV, only 6% less than Tesla’s figure. In 2023, however, the Hummer EV’s market share was a mere 0.3%.

Chevrolet Bolt

Although it was supposed to discontinued in 2023, GM’s Chevrolet Bolt showed resounding success in 2023, making GM reverse their plans. That year, the company sold 62,045 units in the US, according to GM’s yearly report. The performance brought Bolt’s EV market share up to 5.2%.

Bolt was also the fourth-bestselling EV in 2022 in the region, after Tesla’s Model Y and 3 and Ford’s Mustang Mach-E. IT sold just over 38,000 units in 2023, with the 4th quarter being the best one at 16,008 units.

Ford

Another automotive brand gaining ground in the US is Ford. Its electric car Mustang Mach-E was the third-best selling EV in the US in 2022, after the two Tesla models.

The company deployed almost 40,000 Mach-E units in 2022, a few thousand more than Chevrolet Bolt. The Mach-E had a 3.4% share of the EV market in the US in 2023, only 1.8% lower than the Bolt.

Another popular electric vehicle by Ford is the F-150 Lightning. In 2022, the 15,617 F-150’s were sold, making it eleventh-best selling EV in the US. The vehicle is a pick-up truck, and is one of the most popular electric pick-up trucks in the US, beating even Tesla. Its market share in 2023 was 3%,  much more significant than the Hummer EV’s.

Like GM, Ford has ambitious EV goals. It’s keenly investing in R&D development related to EVs, and its goal is to have 50% of its fleet fully electric by 2030.

Rivian

A relatively new player in the EV market, Rivian is nonetheless making waves. Its R1T electric car is eighth-best selling EV in the US market, as of 2022. That year, it sold 20,332 units in America.

The R1T model holds about 1.5% of the EV market share, much smaller than the American providers listed here, but still more significant than many European manufacturers.

Despite its moderate success and unicorn status, Rivian is not a profitable company. It’s been suffering net losses since 2019, having incurred its largest loss in 2022, namely $6.76 billion. However, the company continued investing in R&D much like its competitors.

Key Challenges & Opportunities for the US EV Market

By now, you know a lot about the state of the EV market in the US and the key players engaged in it. However, that’s just one piece of the puzzle. To see how the work of these players translates into the market, we need to understand the key opportunities and challenges of that market, and their impacts on consumer preferences.

In this section, we explore these challenges and opportunities.

Fuel Prices

The nature of the US landscape and its urbanization requires most people to drive a car, which means spending a lot of money on gasoline. And indeed, one of the big reasons why the uptake of EVs is on the rise in the US is the increasing fuel prices.

Fuel prices in the US have been increasing for most of 2023, and whilst the short-term energy outlook predicts that they’ll drop in 2024, it’s not for certain. Customers don’t want to spend more on a recurring basis, and we predict that should the fuel prices continue to rise, electric cars would become more popular.

However, the fuel prices are just one of the factors impacting the EV market. Let’s take a look at some others now.

Environmental Concerns

The biggest benefit underpinning electric cars is that they’re considered more environmentally friendly than fuel-powered vehicles. The increasing environmental concerns of American society is a significant opportunity for EV manufacturers to capitalize on.

Indeed, switching to EVs can significantly reduce CO2 emissions. As you can see on the infographic produced by an MIT tool, the EVs depicted produce a lot fewer emissions than the depicted gasoline cars.

However, the low emissions don’t mean that EVs are one hundred percent green. As things stand, a full switch to EVs in the US would require three times as much lithium for the batteries as we produce now.

The required increased lithium mining might jeopardize many countries’ environmental targets, unless the current approach to urbanization in the US is re-evaluated.

Therefore, there are two sides to going green by switching to EV, making environmental concerns both a challenge and an opportunity for manufacturers.

Chargers

To get the most out of electric vehicles, there must be a charging infrastructure in place supporting a large-scale uptake. As of 2023, the United States has a substantial public charger network of 138,111 public chargers in 53,000 locations.

That might seem like a lot, but in order to keep up with the increasing demand for EVs, the network needs to be much larger. The lack of charging infrastructure is a significant concern for 46% of US consumers in relation to EV adoption. S&P Global predicts that the US will need to quadruple the above amount of chargers by the end of 2025 and grow more than eight-fold by 2030.

As a result of this significant growth – and not just in the US but worldwide – Next Move Strategy Consulting predicts that the global EV charging market will reach 12.87 million units by 2030.

High EV & Maintenance Costs

As we mentioned earlier, prohibitive costs of purchasing and maintaining electric vehicles are a significant barrier to its widespread adoption. In fact, 52% of American consumers cite them as their biggest concern when it comes to EVs.

When we’re talking about costs, purchasing an EV is only part of it. 77% of US consumers stated in 2022 that they’d prefer to charge their EV battery at home, but the installation costs for the charging station are quite prohibitive, reaching as high as $2,500.

Tax Credit & Incentives

To address the issue of prohibitive cost and meet their climate targets, governments of many countries have introduced financial incentives and tax credits for purchasing electric vehicles. Although Norway leads the way for such incentives, the US is no exception.

If you purchase an EV in the US in 2023 or after, you could be eligible for a federal income tax credit of up to $7,500. To be eligible for that, you have to meet certain income thresholds and the purchased EV must be new and from an authorized manufacturer.

The battery must also meet certain requirements. As of 2024, this tax break can be obtained at the point of sale rather than at the tax return filing point.

Such credits and incentives are a solid starting point for combating the problem of high costs of electric vehicles. However, we believe that in order to meet the needs of the market and keep up with the inflation, such credits should be periodically reviewed.

Future Trends Impacting US EV Market

In this final section, we look at the future trends affecting the electric cars market in the United States. We believe that some of the current trends will carry on having a significant impact, but also that other ones will emerge.

Charging Infrastructure Expansion

Earlier in the guide, we mentioned that the US would need to significantly expand its EV charging infrastructure to meet the increasing demand for electric cars. Indeed, the popularity of EVs is what’s driving this trend, and vice versa – the more accessible the charging infrastructure is, the more likely people are to adopt electric vehicles.

For that reason, we foresee significant investments into expanding the charging network from both public and private sectors. A larger network would make EVs a more viable option for a much larger target audience, creating more opportunities for EV manufacturers.

Battery Technology Advancements

The other side of the sustainability picture painted by EV marketers is the huge amounts of lithium mining required to meet the increasing demands. For that reason, we believe that the battery technology will advance beyond that.

Such advancements would not only have to accommodate sustainability concerns, but also reduce charging times and prolong the battery life. A combination of these features, together with some others, can potentially address the current limitations of EV batteries, making the cars more competitive.

Regulatory Changes

There have already been significant legislative strides in the US in the last few years in relation to EV funding and R&D. Plus, the tax credits we mentioned earlier are a big part of the green strategy.

Unfortunately, many electric vehicles sold in the US will lose their tax credit status in 2024 due to the changes in battery sourcing rules. We’re convinced that, in order to ensure the consumers are still incentivized, the US government will expand the subsidy initiatives to mitigate that challenge.

Manufacturers’ EV Production Targets

We mentioned some manufacturers in this guide that set themselves the green targets of going either fully electric or partially electric within the next decade.

We expect these increasing commitments to electrification to be adopted by more and more automakers, even those who predominantly make fuel-powered cars. As consumers increasingly move towards sustainability, these companies will need to respond to the market demands.

Final Thoughts

In this guide, we dived into the fascinating world of the American electric vehicle market and its key players. We saw that EVs are becoming more and more popular each year, and the manufacturers are responding to that demand.

We also saw that, in order for the US to fully transition to electric vehicles, a lot more needs to be done in terms of costs, charging infrastructure, legislation, and manufacturing, to name a few. The team at The Tech Report will be watching the developments closely, and we’re very excited to see the innovations in the market.

Sources

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Self-care, beauty, and wellness are taking over our social media feeds and everyday conversations. But beyond face masks and yoga trends, the health and beauty business is booming faster than ever. The global beauty industry alone is worth a whopping $511 billion—and it’s showing no signs of slowing down.

With innovative products, glamorous influencers, and insta-worthy experiences galore, it’s no wonder this market has grown nearly 10% in just the last few years. That’s why we’ve rounded up the latest juicy stats showcasing some surprising health and beauty industry trends.

Want the inside scoop on everything from how the guys are getting in on grooming to predictions that Gen Zers will be splurging over $7 billion on beauty products in 2024 alone? Then read on for all the numbers you need on this big-money business that clearly knows how to stay healthy, wealthy, and wise.

Key Beauty and Health Industry Statistics

1. The revenue of the beauty and health market will reach $625.70 billion in 2023.
2. Personal care has a large chunk of the market value, $274.20 billion in 2023.
3. The United States has the largest slice of revenue in the beauty industry, with a total of $98 billion in just 2023 alone.
4. Online sales will account for 17.7% of the health and beauty industry sales 2023.
5. Revenue for the industry ended well with $564.40 billion in 2022.
6. Experts think the market will have better days, with a growth of 4.76% between 2022 and the end of 2026.
7. Organic beauty products will increase to $22 billion globally by 2024.
8. 1 in every 4 ladies prefers using a product that suits the weather conditions.
9. It will strike you to know that 96% of beauty products have a social media handle.
10. Teens are known to spend an average of $44 billion every single year.
11. Asia Pacific holds quite a large share of about 50% in the beauty and health market.
12. Ladies are most likely to give themselves a beauty treat of $313 every single month.

General Beauty and Health Industry Statistics

1. The Health and Beauty Industry is Partitioned Into Several Segments.

These segments in 2021 and 2022 had a fair slice of the entire market revenue.

• Hair care with 24%.
• Skincare was 23.7%.
• Fragrances earned 9.5%.
• Makeups boasted of 14.6%.
• Antiperspirants, deodorizers, and female hygiene recorded 8.5%.
• Oral hygiene owned 5.6%.
• Additional segments grabbed 14.1%.

2. Personal Care in 2022 Comprised a Large Part of the B and H Industry, Ending With $254 Billion.

Personal care includes oral hygiene, cosmetics, skincare, and many others. This segment earned $254B at the end of 2022. 

3. Offline Sales Bring in a Total of 81% Into the Beauty and Health Industry.

Recent studies show that delivering products physically still provides large sales by 81%. This is not far from the truth. Most people today prefer to get what they want from the store by themselves. This is why drug stores and pharmacies like Walgreens can push in 58% of cosmetics buying. Walmart is not left behind as they drive in customer traffic. Despite many people flocking to the stores, 42% buy online things. Research shows that the number of these people is increasing every year. The United States is not excluded from this new trend, as online shopping has grown to 48% in 2023.

4. Asia Pacific Holds Quite a Large Share of About 50% in the Beauty and Health Market.

The Asia Pacific region has been growing at an amazing fast rate with no sign of slowing down soon. The region is well known for pushing and promoting health and beauty products. Taking the largest share of the beauty market should not come as a surprise to you. This is because beauty is entwined in its rich cultural heritage. The countries on the front line of the cosmetics industry in the Asia-Pacific region are Indonesia, Thailand, and Malaysia. North America falls in second place with a 24% market share. Then, Western Europe is in third place, with a market share of 18%. Africa has quite a small fraction of 3% of the global market share. 

5. Organic Beauty Products Will Most Likely Rise to $22 Billion Globally by the End of 2024.

This should not be a surprise, as 59% of beauty care consumers are not so sure of the safety of most care products. This doesn’t end there, as 92% believe stricter measures should be taken. This ensures that the right amount of ingredients is used to produce products. Statistics show that Organic lovers are growing by the year. The year 2018 proved it, as 72% of customers felt organic products were better to use. As such, experts predict we will see more numbers in the next couple of years. This growth is well expected as organic products do not contain toxins. 

6. There Were Up to $74.15 in Sales Per Person in the United States Market in the First Quarter of 2022.

As stated earlier, North America had a slice of 24% of the global market. Americans were not out in any way as sales per person in that same 2022 was around $74.15 of cosmetics. This sale depended on the brand type, a single product, or more from a shopping spree. 

7. 1 in Every 4 Ladies Prefers Using a Product That Suits Well With the Weather.

 More people are happy using organic products with the passing of each day. Consumers are becoming more aware of the health risks of skincare materials. People are becoming smarter and are now conscious of the brands they use. Ecofriendly is a trend that is fast taking the market by storm. It is not just the packaging but also the manufacturing process. Examples of companies that have made themselves known in this regard are Ursa Major, Naturopathic, True Botanicals, and Matrescence. These and more use techniques that are eco-friendly to wrap their goods. 

8. Revenue From the Health and Beauty Industry Did Well, Ending with $564.40 Billion in 2022.

2022 was successful, with a closing revenue of $564.40 billion for the beauty and health industry. The statistics show great prospects for many thinking of entering the market. Influencers, marketers, and brands all had a field day in 2022. Many people who are involved in one way or another in the health and beauty industry are earning up to 6 figures. They do this through their social media handles and creating content as well. Some popular areas that make waves in the industry are makeup tutorials, new product launches, and skincare reviews. These are areas you can also take advantage of to make some earnings. 

9. Ladies Most Likely Give Themselves a Monthly Beauty Treat of $313.

The average American woman would not mind spending up to $3,756 on beauty products annually. This expense brings ladies’ monthly pay on beauty treats to $313. It also means that an entire $225,360 is spent by one person throughout her lifetime. When compared, men are likely to spend a lower amount, about $175,650, on beauty and health products. This implies that the average American man pays $244 monthly. Regarding cosmetics, men most often opt to buy facial moisturizers. 

10. Teens Spend an Average of About $44 Billion on Beauty Products Annually.

This is not farfetched as, at this stage, a teenager is sensitive to their appearance. They spend an average of just around $44 billion on beauty products. Teens belong to Generation Z and are in the social exploration stage. Also, most teens are now exposed to life on social media. They take notice of trends in social media and go all out to look good. Surprisingly, 90% of female teens wear products that enhance their looks. At the same time, just 70% of boys will tow the same part. Teenagers often feel that social media heightens peer pressure, so they go all out to seek the best beauty product. Also, knowing brands is important to 61% of teenagers. 65% are more concerned with the latest trend, and 62% use makeup to feel better about themselves. 

11. Makeup Products are Used by About 56% of Men Who Go Out on a Shopping Spree.

The number of men who use makeup products is growing by the year. Most men say that they use a foundation and even a concealer at least one time in a year. This accounts for just 56% of men who do their shopping. Though these men do not use makeup yearly, it adds to the beauty and health sector’s revenue. About 40% of men between 18 and 22 wanted more neutral-gender beauty products. The industry has created many beauty and health products that men can enjoy. Among the list of products men use are shaving creams, skincare, beard care, hair care, and so many others.

Marketing Statistics of Beauty and Health Care on Social Media

12. As Large as 96% of Beauty Brands Use a Social Media Handle.

The number keeps adding until it reaches 96% in 2022. Most beauty brands use social media to showcase their products globally. It was predicted that beauty brands would go all out to spend $7.7 billion on simply advertising in 2022. The level of growth in the beauty and health industry can be closely linked to the efforts of influencers on social media. Brands rely increasingly on influencers to take the word of their product to the audience. Tools used in this regard include Facebook, TikTok, and YouTube to get the product out to the waiting world.

13. Just One-third of Beauty and Health Users Buy From Social Media.

Digital marketing has, over the years, broken barriers to reach out to the bubbling beauty audience. There’s an 11.5% email open rate through marketing and an average cost per click of $1.68 for a beauty ad. All this would not have been possible without the advancement we now see in digital marketing. Beauty shoppers between 18 and 54 say that YouTube is their best means to get beauty and health content. The volume of watch times has doubled over these years, and we will still see more of this increase in years to come.

14. 82% of Beauty and Healthcare Consumers are on Instagram Daily.

Instagram has become the most successful social media site influencers use to advertise products. The beauty and health industry has benefited hugely from its vast Instagram page. Instagram has enabled brands and influencers to get the word of their products to a ready audience. Most brands confess that influencer marketing proves to be more efficient than email campaigns.

15. Up to 62% of Teenagers Keep Updating Themselves on Their Favorite Beauty Brands on Social Media.

The large percentage of teens who follow beauty brands should not come as a surprise. This is because many teens today are not novices to using social media. As high as 62% of teens will check out a beauty or health product on social media before deciding to buy. Some teens are content creators in makeup, beauty and health reviews, and other trendy aspects.

16. Kylie Cosmetics had Over 25 Million Instagram Followers in the First Quarter of 2022.

It was an exciting year for Kylie Cosmetics when it gathered 25 million Instagram followers in 2022. The brand has experienced real growth, all thanks to Instagram. Kylie had over 300 million in her account during that same period. So, having large followers on Instagram did not come as a great surprise. Anastasia Beverly Hills followed closely with 20.1 million Instagram followers in 2022. Some others that had a good slice from Instagram in 2022 are Benefit Cosmetics in the United States, Ultra Beauty, NARS Cosmetics, and Bath Body Works.

E-commerce and Tech Statistics of the Beauty and Health Industry

17. E-commerce Sales in the Beauty and Health Industry are Likely to Grow by 77% From 2021 to 2026.

More consumers today rely on online reviews to decide what product to buy. This recent behavior has entered into the beauty and health industry as well. E-commerce beauty sales can hit as high as $358.4 billion by the end of 2026. This expert statistic is a ray of hope for better days in the industry. Marketers, brands, and influencers can use this information to promote their products to a wider audience.  

18. 65% of Beauty and Health Vendors Help Buyers Make Better Choices Using an Interactive Quiz Model.

A virtual interactive session is a great way to provide needed answers to several beauty questions. Consumers in need of a quick recommendation turn to virtual assistants. Many beauty brands are now turning in the direction of interactive quiz technology. Whether in skincare or healthcare, these companies are using this new technology. It is easy to know when a company gives interactive quizzes; you only need to look at the brand’s website. You can get a brand website on social media, social ads, and even shared online content. These interactive quizzes will help you choose, regardless of skin type and color. 

19. Only 6% of Beauty Shoppers Use VR and AR Technology When Picking Cosmetics.

Augmented reality, AR, and virtual reality (VR) were the means to try products during the pandemic. Many had to make do with the VR and AR technology as they could not make it to a physical store. Popular brands like Avon, Sephora, and many others make sales through this means. The augmented reality technology, which ModiFace designed, is in partnership with over 70 beauty and health brands. All the consumers have to do is enable the front camera or webcam on their device to try a couple of cosmetic products. This technology is now available for use for both sunglasses and eyeglasses products. 

20. Up to 74% of Consumers Today Use Reviews From Beauty Websites to Make Purchases.

Do you know that users of beauty products now rely on product reviews to make their purchases? Patrons of beauty products are more likely to buy products that post reviews on their site. This new consumer action also occurs in other industries as well. Customers are most often drawn to products with some form of social proof. It is a win-win for the brands as they now achieve up to 80% loyalty from female folks.

21. Brands That Post User-generated Content on Their Site are the Choice of 62% of Beauty and Health Users.

Brands in the beauty industry, like Le Labo and MAC Cosmetics, have made a name for themselves. Hosting user-generated content on their site has helped in no small way in pulling many consumers. UGC, for short, is a great way for brands to bring products closer to the people. 

22. Demand for Organic Beauty and Health Products is Likely to Rise to $32.3 Billion by the End of 2027.

Products that contain purely natural and organic ingredients are getting better attention from beauty users. Today, shoppers want to know more about the products they want to buy. Most people now read labels on products to know what they contain. There has been a growing awareness of using products that are not harmful to the health and body from the time of the pandemic.

23. A Total of $400 Million Was the Sales Volume of the New Concept of Clean Beauty Made in 2021.

The idea of pure beauty has kept on growing for over 30 years now in a row. This is coming as a response to the awareness of toxins spreading everywhere. People are now more aware of the dangers they face when they use products that contain toxins. As such, the move in the direction of organic products is the trend to follow today. So, in years to come, organic products will rise as the standard for grading products in the beauty industry. 

24. About 70% of Beauty and Health Users Between 18 and 29 Years Old in the United States Buy Organic Products.

The records show that about 70% of persons between 18 and 29 like buying organic products. Persons who are 30 years to 59 are not left out, as 60% like to shop for natural and organic skincare products. This is because more and more people are becoming aware of the goodness in them. Just look at the stamp and certification on the pack of a beauty product, and you will know if it is natural or not. 

25. More Than 2 in Every 10 Natural Beauty Products Were Sold in 2018 by a Distributor.

The success of sales in the organic natural beauty market is attracting the attention of beauty companies. Companies that have made a big name are now following the organic path. This is no surprise; everyone wants a slice of the organic market. 

26. The Organic Beauty Market Will Likely Be Worth Over $22 billion at the Close of 2024. 

The global stage of the organic industry will most likely rise more than ever. The signs are all out, with statistics showing that this industry will grow bigger in the coming years. A value of over $22 billion is possible as the industry has been on an 8% to 10% rise for some time now. One of the major parts of the organic market making waves for itself is the skin and hair care section. These sections bring in over 50% of the income that comes into the industry. This is no surprise, as general hair care and coloring have attracted the public’s attention.

Conclusion 

The health and beauty industry is indeed a wonder to behold. Over the years, it has passed through stages under the eyes of the public. The COVID-19 pandemic opened the eyes of many to see how important natural things are to us. This new awakening did not in any way spare the beauty industry. Brands in the beauty and health industry are now rolling out products that will benefit every skin type and color.

You don’t need to be alarmed about what will be good for your skin; you only need to look at the label. The label on each product will give the word out on which product has chemicals or not. Meanwhile, social media has helped a lot in pulling a lot of funds into the hands of beauty brands. Successful sales brands cannot be far from the efforts of influencers. For many years, we will see more of this success in the beauty and health industry.

FAQs

Sources

The post 25+ Jaw-dropping Beauty and Health Industry Statistics (2024) appeared first on The Tech Report.

The latest AI image generator market statistics paint a very interesting picture. The generative AI phenomenon is gaining traction at an unprecedented speed, and AI image generation is a significant part of it.

AI image generating companies are becoming significant players in the generative AI market, and their work has the potential to be a big influence across all industries.

For that reason, it’s vital to stay up to date with the latest AI image generator trends and key players. But just how big is that market? Who are these influential generators redefining creativity? And what does the future hold?

In this guide, we’ll try to answer these important questions – and more. Let’s dive in.

Key AI Image Generator Market Statistics

Image Generative AI Market Size Statistics

Image-generating by AI is part of the bigger segment of Artificial Intelligence, known as “generative AI.” Generative AI represents a huge market, valued at $66.66 billion in 2024, and it’s forecast to reach $207 billion in 2030.

As for the image-generating segment of the generative AI market, its value in 2023 was estimated to be $299.2 million by Fortune Business Insights.

Although it makes up just over 0.44% of the overall generative AI market, its value shows just how rapidly-expanding the phenomenon is. By 2030, the value of the image-generating AI market is forecast to be $917.4 million. If achieve, this would mean a CAGR of 17.4%.

Key AI Image Generator Market Players

But who are the major players in the AI image generator market that are driving and disrupting this industry?

While there are a number of generative AI startups thanks to the advancements in the field, the market is very much controlled by few names right now. Let’s see who they are.

Dall-E

OpenAI’s brainchild Dall-E was launched in January 2021. It’s an AI image generator that creates images on the basis of NLP prompts. To date, three versions of the tool have been released, the latest (Dall-E 3) going live in September 2023.

As of May 2022, Dall-E users generated 3 million AI images, and the tool was acquiring 1,000 new users per week. And as of September 2022, when Dall-E first became publicly available, it generated an average of 2 million AI images per day.

Midjourney

The independent generative AI software Midjourney was first released in beta in July 2022. It’s available exclusively via Discord, where users can submit their prompts for AI image generation.

As of December 2023, the Midjourney Discord server is the most popular server on the platform with over 17.5 million members.

Midjourney is making a splash in Google Search as well. Google Trends reveals that its interest hit a peak of 100 in the beginning of February 2023. As for the monthly visitor count, Similarweb reveals that Midjourney’s website was visited almost 18 million times in December 2023 – 15% more than the month before.

NightCafe AI

The NightCafe AI art generator might not be as well-known as its counterparts we discussed earlier, but it does nonetheless hold almost a quarter of the AI image generator market.

The Australian generator was founded in November 2019, and as of October 2022, it was used to create over 35 million AI-generated artworks.

Similarweb tells us that December 2023 saw 8.2 million visitors to the NightCafe website, a growth of 3.3% compared to the previous month.

Firefly

Adobe’s Firefly image generator might not have as big of a share as other tools, but it’s nonetheless worth paying attention to.

Although it launched the beta version less than a year ago, in March 2023, Firefly saw over 70 million AI-generated images created by users in less than a month since the launch. As of July 2023, the count is close to 1 billion.

Like Midjourney, Firefly has a popular Discord server, with a little over 500,000 members. It’s also part of Google’s Generative AI system, Bard.

AI Image Generation Adoption Statistics

One doesn’t need artificial intelligence to see that these AI image generator statistics paint a clear picture of the tools’ immense popularity and impact. Let’s take a closer look at the numbers and the extent to which people are adopting or looking to adopt these solutions.

AI-Generated Images in Numbers

According to Everypixel, as of August 2023, people have generated almost 15.5 billion AI-generated images. That’s enough for every person on Earth to have generated 1.9 AI images. Each day sees approximately 34 million new AI-generated images.

Out of these 15.5 billion, a significant majority of AI images (12.6 million, or 80%) were created using Stable Diffusion models. Given that this technology is open-source and is used by companies like NightCafe, its popularity isn’t surprising.

As for Midjourney, it saw 964 million images created in its first year, July 2022-August 2023. On average, Midjourney creates an image every 30 seconds.

Adobe’s Firefly saw 1 billion AI images generated in the first three months since its launch, likely due to the popularity of its software among designers and visual creators. That figure makes the software the fastest-growing AI image generator on the market.

Opinions About Generative AI for Images

Our infographic shows that the majority of people (especially in the US) don’t believe that they’ve seen an AI-generated art – only 27% of people do. Out of those who have seen AI art, 56% of them enjoyed it, and 34% are of the opinion that it’s better than human-created art.

Interestingly enough, a study conducted by Yale University in 2023 showed that 54% of people could differentiate between AI-generated art and human-made art. Indeed, at the moment, many AI-generated images still look fairly inauthentic – with some exceptions.

We’ll go into more detail about the opinions and controversies associated with AI image generators, especially their impact on the creative industry. For now, though, we leave you with the following statistics:

AI Image Generator Usage & Use Cases Statistics

But what do people actually use AI image generators for? The short answer is – everything.

The long answer is that generative AI, including AI image generators, is becoming more and more popular, both in the business world and among consumers. In this section, we’ll take a look at the AI image generator use cases for enterprise and personal use.

Generative AI in Enterprise & Marketing

AI image generators are proving popular among marketers. Statistics tell us that in the US, 39% of marketers use Generative AI to create social media images, and 36% of them tap into the power of AI image generators to create website images.

The most popular generative AI tool for marketers is Dall-E, with 25% of US marketers preferring it in 2023. Midjourney, however, is a very close second at 24%.

Overall, marketers see generative AI as a benefit to their work. For example, in the US, over 50% of marketers said that the biggest benefit of using AI was the ability to create custom images faster. For the UK, the figure is 30%.

An excellent example of marketers using AI image generators can be seen in the video above. In 2022, Heinz used Dall-E to generate images of ketchup. The campaign highlighted the fact that the generator knew that the prompt “ketchup” featured Heinz’s branding – a testament to the prevalence of brands in our lives.

Public relations people also use generative AI, albeit they use image generators to a lesser extent. Only 16% of PR experts worldwide used AI to generate images in the course of their activities.

Generative AI for Personal Use

In terms of people using generative AI on a day-to-day basis, most consumers (34%) use it for fun. According to a 2023 paper by Capgemini, however, only 1% of consumers use image generators several times a week or once a day.

But the same paper outlines the statistics of consumers sharing AI-generated content on social media, and they tell a different story. 71% of images shared on social media were AI-generated. For APAC and Canada, the figure was even higher, at 77%.

Key AI Image Generator Trends & Challenges

In the final section of this guide, we take a closer look at the key trends and challenges accompanying the market of generative AI, specifically the AI image generator market. Whilst nobody has crystal ball capable of predicting the future of generative AI, we can make educated forecased based on what we’ve seen so far.

GANs Advancements

Advancements in Generative Adversarial Networks (GANs) are an important trend driving the AI image generator market. GANs are what allows AI image generators to create realistic and high-res images in the first place.

It follows, therefore, that improvements in GAN architectures are enabling better and more efficient training of AI image generators and thus enhancing the generation of images of all types.

However, these advancements aren’t without their challenges. The most significant one is the potential for bias in AI-generated content. A lot needs to be done to overcome this bias and ensure that Generative AI is working equally well for everyone.

Disruption of Creative Industries

In June 2022, Cosmopolitan magazine unveiled the first-ever AI-generated cover. And that’s just one example of AI image generators disrupting creative industries – both in a positive and negative way.

Marketers and graphic designers are increasingly embracing generative AI, as we saw in this guide, and it’s helping them achieve their creative vision and boost their productivity.

Another possible positive aspect stems from the AI and human concept rather than AI vs. human. AI-generated art can be an inspiration for artists and designers by generating diverse design variations and suggesting creative elements.

This could empower them to explore new ideas and push artistic boundaries. In this paradigm, AI acts as a collaborative partner rather than a competition, as it aids artists in generating unique art that they may not have come up with otherwise.

Lawsuits

Midjourney developers caught discussing laundering, and creating a database of Artists (who have been dehumanized to styles) to train Midjourney off of. This has been submitted into evidence for the lawsuit. Prompt engineers, your “skills” are not yourshttps://t.co/wAhsNjt5Kz pic.twitter.com/EBvySMQC0P

— Jon Lam #CreateDontScrape (@JonLamArt) December 31, 2023

The negative side of AI image generators has been explored in several lawsuits. For example, the class action lawsuit filed last year against Midjourney, Stability AI, and other generators claimed that AI companies were using the work of several artists to train their AI systems without the creators’ consent.

Although the suit was initially dismissed in October 2023, it was re-filed next month. Such legal uncertainties surrounding the training of generative AI are likely to shape its development and place and society for many months to come.

Bias & Ethics

As we saw in the previous subsection, ethical considerations such as copyright are still an acute issue when it comes to generative AI.

In addition to ethics, issues like bias and inappropriate image generation will continue to be prevalent for some time.

To mitigate potential risks arising from this and ensure responsible AI image generation practices, we believe that it’s imperative to establish ethical guidelines and frameworks to govern the use of AI in image generation.

And to mitigate the bias in AI image generation, we believe it to be vital to train the AI on diverse data and artworks.

Final Observations

By now, it’s hopefully clear that, without exaggeration, generative AI is going to be huge, and AI image generators will have a very important place in that market, if they don’t already.

Although a lot of the market is controlled by several big companies, other AI image generators are emerging, and companies like Adobe are investing in their own solutions, productizing and capitalizing on the increasing need.

Currently, we see marketers in enterprises as the biggest beneficiaries of AI image generators. However, as the market evolves, more guidelines are issued, and the legal framework becomes more certain, there’s no reason why many other audiences cannot benefit from AI image generators.

Sources

The post AI Image Generator Market Statistics – What Will 2024 Bring? appeared first on The Tech Report.

Relationships are hard, as well as separations. Sometimes, there may not be a major reason for couples to grow apart. But initiating breakups when the other party isn’t expecting it can result in bad feelings like sadness, rejection, depression, mental trauma, etc. Most of the separations happen within the first year of a coming together. To be specific, data shows that approximately 70% of couples break up within the very first year of dating. And a majority of people go through a breakup after a long-term relationship.

Infidelity, personalities, human changes, lack of communication, trust and affection, and toxicity are common reasons for breakups. Unfortunately, such separations can hurt the victims. However, there are diverse resources to aid in some situations. The victim can try speaking to a therapist, reading self-help books, etc. The breakup statistics below provide more insight into some common breakups happening worldwide.

Major Breakup Statistics

1. On average, 70% of breakups occur mostly in the first year of a relationship.
2. 60% of couples make up after a breakup.
3. Men heal faster than women after breakups.
4. Women initiate the majority of divorces in the US at 70%.
5. Most breakups happen around the Spring and Summer seasons.
6. Around 57% of people break up in person.
7. 37% of people believe text breakups are moderately acceptable.
8. Infidelity is the cause of 60% of couple breakups.
9. 71% feel 3 months is enough time to heal from breakups.
10. 71% of breakup victims focus on thinking about their ex too frequently.

General Breakup Statistics

1. The Average American Experiences 3 Serious Relationship Breakups.

The circumstances of each couple are different, and the emotional impact this change can have on the partners may be significant. Relationships end for various reasons and are now a natural part of life. Statistics show that an average adult in the US has been through three major breakups. According to facts, the healing process for these Americans takes around 18 months.

2. The Average Breakup Rate for the First Year of a Relationship is 70%.

Research data shows that 70% of couples go apart, especially in their first year together. This could be because most are acquainting themselves in the first relationship year. It’s not uncommon for a couple to realize they don’t match up during the early stage. In addition, they may not have found a way around conflict resolution and accepting human differences.

3. 22% of Married People Experience a Breakup in Their First Five Years.

Three major factors powering the early end of marriages are death, separation, and divorce. However, divorce is not common during the first year of marriage. According to the Centers for Disease Control and Prevention report, 22% of marriages end within the first five years. Divorce contributed largely to most marriage breakups within five years, which sometimes begin with a separation and end in a divorce. This survey was conducted among women aged between 15 and 44 around 2011-2015. The data also revealed that the marriages of 53% of these women ended after 20 years around the same time.  

4. According to 2021 Breakup Statistics, 60% of Couples Return Together After a Breakup.

Factually, the reason behind a breakup has a major role in determining if couples will reconcile. The couple’s willingness is another factor that could decide if they would make up after a breakup. Statistics reveal that after relationship breakups, a massive 60% of couples reunite. Conversely, it is hard to come by any specific reason behind the large percentage.

Breakup Demographics Statistics

5. Women Take Longer to Get Over Breakups Than Men.

It is speculated that men heal faster than women in the long run; women do even better in future relationships than men. Women spend a lot of time feeling deep distress and taking care of themselves after a breakup before moving on. Most women experience emotional hurt right after a breakup, unlike men who hold back theirs until later. Although pains from a breakup are handled differently among individuals, women overcome them gradually, unlike their male counterparts.

6. Men Are More Likely to Hold onto Resentment and Anger than Women After a Breakup.

Both men and women are hurt after a disruption in the relationship. There’s no statistical proof that women hurt more than men after a breakup, as people experience pains differently. Most men refuse to express their emotions immediately until later. It is believed after a breakup; most men say negative emotions like anger due to resentment and possibly complicated feelings. Men have a less likelihood of getting over anger and resentment following a breakup but can move on to new relationships quicker than women. On the other hand, some women tend to act like men after a breakup.

7. 60% of Divorces in America Involve Couples Aged 25 to 39 Years.

According to research data, the average age for first divorce for most couples is 30 years. Conversely, on average, a whopping 60% of all divorces in the US comprise couples between 25 and 39 years. This demographic has the highest record of divorce cases, more than other age groups. Today’s world is so tense that any conflict between a husband and wife can take an emotional toll.

8. In the United States, 70% of All Divorces are Initiated by Women.

There’s a gender stereotype that women are the driving force behind marriage. However, the rate of divorce initiated by women proves this abortive. In most divorce cases previously, women were the ones who filed for 66% of divorce cases, increasing to 75% after some years. A report from the American Sociological Association reveals that women make up 70% of divorces, which is higher among women with a college education. The study also shows that women may likely feel restrained in marriage with tendencies to shoulder more emotional responsibility. Lastly, another reason women are initiators of divorce is that women are less tolerant of bad behavior.

Breakup Timing Statistics

9. Valentine’s Day is the Most Common Time for a Breakup.

Generally, for some, Valentine’s season is a time of roses, chocolate, dates, romantic moments, etc. However, the eve of Valentine’s Day and the day after it have the highest records of breakups than any other time of the year. Relationships are compared to others in this digital age and social media era. According to 2020 data, the Tuesday before Valentine’s Day is nicknamed “Red Tuesday,” a day for breakups.

10. Breakups Generally Tend to Take Place During the Holiday Period.

Apart from Valentine’s Day, holiday seasons, in general, are common times when breakups occur. Summer and spring are major seasons when breakups take place. Additionally, the Christmas season, especially two weeks before, is common when individuals break up with their spouses in relationships.

11. Monday is the Most Common Day of the Week for Breakups.

Most people feel differently about Monday, probably due to the stress or tension it brings. Considering this fact, it is no longer news that Monday has the highest record of breakups. Other statistical data shows that the highest number of divorce reports are made on Divorce Day, usually the first Monday of the New Year.

Different Breakup Techniques

12. Breaking Up in Person is the Preferred Choice of 57% of People.

The thought of ending a relationship and how to go about it can be tasking. Most people break by texts, phone calls, ghosting, and in person, which could be a dramatic result of a mess. A report from YouGov suggests that 57% of people consider breaking up in person. Most people think this method to be the most acceptable and polite, even though other methods are also effective. Additional statistical data from Pew Research in 2015 shows that 83% of participants find this method moderately acceptable and considerable.

13. According to 65% of People, the Most and Moderately Acceptable Way to Break Up is by Phone.

For 65% of survey participants, a phone call is the most socially acceptable way to break up. A report from the Pew Research survey confirms this statement to be true. Even though a large majority feel this breakup method is largely acceptable, a smaller percentage feel it is least adequate. About 31% feel breaking up on the Phone is the least acceptable means.

14. 37% of Survey Respondents Revealed That Breaking up Through a Text Message is the Most Undesirable Method.

In a survey, when participants were asked what method of breaking up is acceptable, here’s how they responded. 59% of participants admitted that sending a text message to break up with someone is the least acceptable means of breakup. Additionally, about 12% of respondents consider breaking up by text the most satisfactory method, and 25% feel it is moderately proper.

Rationale Behind Breakup

15. Lack of Commitment is the Cause of an Alarming 75% of Breakups Among Couples.

Divorce, broken marriages, or breakups may result from several factors, such as lack of trust, cheating, jealousy, etc. Marriage is undoubtedly not always easy, and according to statistics, more than half of all marriages end in divorce. Dedication among spouses is required for marriages and relationships to work. It is no longer shocking that a lack of commitment could cause serious marriage issues, resulting in breakups. Statistics show that a leading cause for 75% of marriage breakups is lack of commitment. The rate of breakups as a result of not being dedicated in marriage is higher compared to infidelity.

16. In a Survey, 60% of Couples Said That Infidelity is Why They Broke Up.

Partners not being faithful to each other can cause serious crises in their marriages. Aside from lack of commitment, another relationship and marriage destroyer is infidelity. Couples expect a level of loyalty and trust from their partners. When the trust is broken, it will most likely result in a breakup or divorce. Forgiveness among couples may offer second-chance but will adversely affect the relationship. Conversely, this is not the same in all cases, as 60% of couples divorce due to extra-marital affairs.

17. 58% of Couples Admit That Too Much Arguing and Conflict Led to Their Break Up.

Couples break up for several reasons; arguments and conflicts are among the top reasons for divorce and breakups. A statistical report shows that 58% of couples report arguing and excessive strife, resulting in their breakup. An argument can be considered a healthy form of conflict if it doesn’t engage hostility and fights. However, too many intolerable nuisances in marriages can cause couples to break up.

Consequences of Breakup

18. 58% of American Adults Believe That Breakups are Unpleasant and Dramatic.

Most people get emotionally committed to their partners, which can be distressing if they have no hint that the relationship won’t work. What could be worse than being served breakfast after all the fantastic and romantic moments shared with your partner? In a poll carried out among US adults in 2018 by YouGov, it was discovered that romantic relationships tend to be messy or dramatic at 58%. Aside from breakups being affected, they are sometimes traumatic and not as pleasant as they appear in movies.

19. Three Months is Enough to Heal After a Breakup, 71% of Survey Respondents Admit.

Breaking up a relationship shouldn’t be a crime or always have a negative experience. Take a space to heal, take some time to explore new things, and move on. People go through rough patches in their relationships, and a breakup is the next thing to consider. People heal differently when faced with breakups; for some, it takes 1 month and some years. However, a study from 2007 shows that 71% of people faced with a breakup feel better after three months. Other statistical data from 2009 shows that it takes around 18 months on average to heal from breakups and divorce. Furthermore, statistics from a 2017 survey show that many people recover from breakups after six months.

20. Even After Breaking Up With Their Partners, 59% of People Maintain Communication on Facebook.

For most partners that may have divorced or separated, Facebook is considered a means of keeping in touch in cases of co-parenting. Meanwhile, some who do not have kids together still use this platform to stay in touch. Statistics show that around 59% of individuals remain friends with their exes on Facebook after a breakup. In addition, about 42% of married folks check the profiles of their exes on Facebook and other social media platforms.

21. A Significant 71% of Persons Who Experience Breakups Think About Their Exes Frequently.

Letting go of memories of someone we’ve once been in a relationship with isn’t that easy. This is why 71% of people faced with breakups still think about their exes too much. Singles who have experienced breakups admit that thoughts of their ex-lovers wouldn’t let them believe straight and forge ahead with finding love again. The negative impact of thinking about exes can interfere with their present marriages. Surprisingly, about 36% admit that they find themselves attached to their exes, which isn’t convenient for their marriages.

Conclusion

Breakups are unarguably very difficult and a part of life that can affect one’s mental, emotional, and even physical health. Trust me, when the pain is over, you become wiser than Solomon and stronger than Samson. Are there ways to get out of this emotional trauma quickly and move on? Of course, yes. Getting involved in therapeutic sessions and being enlightened with self-help books and articles are a few ways to escape the pains caused by breakups.

Seeking help or joining support groups available are good ways to recover from a breakup, as these can make a huge difference. Should you know someone or find yourself in a breakup situation, this article will give comprehensive statistics on breakups and how to go about them.

Frequently Asked Questions

Sources

• Marie Claire
• Marriage
• CDC
• Wilkinson & Finkbeiner
• Jimenez Law Firm
• PewResearch
• Forbes Advisor
• YouGov
• MbgRelationships
• WzakFM
• TheBreakupBook

The post 20+ Interesting Breakup Statistics 2024 (Must Know Facts) appeared first on The Tech Report.

Cisco probably didn’t set out to become a household tech name – it started small, just helping organizations talk to each other. But then their approach clicked. Offering simplified communication hardware and software that “just worked” at scale, Cisco organically grew as industries realized the power of connecting systems. Fast forward to today, Cisco’s networked solutions power our connected world.

But the hungry upstarts they once were now face fresh disruption. Newbies with flexibility and the latest buzzwords nip at market share. However, as companies examine what underpins their foundations, Cisco solutions continue to excel in security, speed, and reliability.

Last year, the company brought over $50 billion in revenue for the stalwarts. Cisco may not dazzle with glitz, but their systems hum along, ensuring emails are sent, sites load, and transactions happen – the essential backdrop to innovation. Despite the flashy newcomers, Cisco’s capabilities still deliver for enterprises seeking a robust infrastructure. Learning about what Cisco offers and the way it has grown from the cradle is a great way to get on board. These Cisco statistics will help do exactly that. Let’s plunge in.

Key Cisco Statistics

• Cisco Systems pushed out its first product to the market in 1985.
• The first product had a network interface card built for big firms with digital equipment. 
• It went all head over with sales within five years after its first product launch. Within these years, the company was able to gather a market cap of $224 million.
• The company grasped 74th place on the Fortune list of the 500 topmost businesses. 
• During the start of the 2000s, Cisco rose in strength to be known as the most prized company. 
• Within just 12 months from the year 2020 to the end of 2021, the revenue of the Cisco system shot up by 1%.
• The stock price rose to its peak of $82 by the close of 2000. 
• The value of shares rose after 2 years to end at about $45 for each Cisco share in the market. 

Cisco Market Share

1. Cisco Systems Became the Most Sought-After Company At the Close of 2000.

The year ended on a fine note for Cisco Systems as it emerged as the most sought-after company globally. It could boost its finances by having a total sum of $500 million in coffers for the entire period.

2. The IT Session was Not At Any Point Left Out of Its Control.

Cisco has wielded a strong presence in the hardware network technology market.

3. Cisco Infrastructure Segment Held 41% of the Sector Market Share At the Close of 2022.

The infrastructure network enterprise market in 2022 was controlled to a large extent by Cisco Systems. The company had a chunk of 41% stakes in the market. Huawei was next in line with a slice of 10% of the world market share. 

4. Infrastructure Platforms Have Been Going Downhill For the Past 6 Years in a Row.

There has been a bad turnout in the sector in recent times. For 6 years now, the infrastructure sector has fallen by -89%.

5. Cisco Systems Controls Over 50% of the Infrastructure Enterprise Network.

The presence of Cisco Systems is seen as a great deal, with a 55.7% share in the infrastructure enterprise network market.

6. A Whole 49.9% Market Share of Ethernet Switches Was Under the Control of the Cisco System.

Cisco has been able to keep up with the competition in the Ethernet switch market for many years. It took 49.9% market share at the close of the third quarter 2020. Huawei was placed second in the ranking of companies at that period. Hyperscale data centers are one of the most likely areas where growth occurs quickly. Cloud investors like to invest in new technology like Ethernet switches. This is because it is a great part of IT infrastructure, which receives, processes, and sends data from one device to another. 

Cisco System Purchase

7. The Company has Bought Over 200 Companies Over the Years.

With an average of 6 acquired firms in one year, Cisco Systems has wielded control over the market. Buying out other companies has reduced in no small way the level of rivalry and boosted its customer base.

8. Taking Over Businesses At Its Bleak Comes the Top Place For Cisco Systems.

50% of all the actions taken by Cisco center on taking over businesses. This has helped increase its customers and put Cisco on the global watch.

9. Cisco has Spent Over $70 Billion on Getting New Businesses Over the Years.

These purchases are varied and continue to take a large part of the Cisco ecosystem.

10. Many Companies Taken Over By Cisco Systems Were into LAN switching and Voice Over Internet Protocol (VoIP).

This shows that Cisco Systems is drawn to areas that will mostly yield good profits after a while.

11. Cernet Corporation is Still the Highest Purchase the Cisco System Made.

At the time, the Cisco team purchased Cernet Corp. for as large as $7 billion. Such a huge amount of money shows how much Cisco values companies with good prospects.

Cisco Employee Statistics

12. Cisco is Home to Over 79,000 Employees.

It has almost 80,000 workers and a total of 200 offices spread across several countries of the world. Cisco has the interest of all customers at heart, so it searches for the best hands to get the job done.

13. Forbes Ranked Cisco Systems as Number 2 On the List of Best Companies to Work For.

This ranking came two years in 2020 and again in 2021. Workers stating their pleasure with the work ethics can only be the reason for this feat of success.

14. Cisco Laid Off About 6% of Its Staff By the Close of 2013.

Up to 6% of Cisco employees were sent home when 2013 came to a close. This did not surprise many as several other large businesses cut down on staff to save costs.

15. Over 15,000 Employees Work in the San Jose Headquarters Office.

This large workforce shows the area’s high demand for Cisco Systems services.

16. The Second Largest Distribution of the Cisco Workforce is in North Carolina.

The North Carolina office has 7,000 full-time employees. Also, this implies that the demand for Cisco Systems service is quite massive in North Carolina.

17. Cisco Offered Its Employees Remote Working Options in 2021.

The COVID-era made many top companies develop better ways to manage their staff and avoid losses. So, Cisco provided remote work options for its employees in 2021, creating a flexible work environment. 

Cisco Systems Products

18. Cisco Has Various Focal Points in the Industry, Such As Communication, Security, and Collaboration (VoIP).

These areas are already quite lucrative for the organization. Other areas of interest and investment include data centers, visualization, and infrastructure (routing and switching).

19. Cisco’s VoIP Product Webex Has Skyrocketed in Value and Is Worth More Than $1 Billion.

These statistics show that the Cisco brand continues to rise in value since its products have striking valuations.

20. Cisco Systems Bought Over Scientific Atlantica and Linksys.

These companies offer phone system products for home and office use. Since phone systems are vital, they will likely add more value to the Cisco network.

21. Remarkably, Cisco Operates Network Emergency Response Vehicles (NERVs).

These vehicles are vital in tackling natural disasters and emergencies in different regions. So, Cisco Systems finds relevance in rapid response to emergencies, potentially saving lives and properties.

22. Home Users Enjoy Cisco Cable Modems for Broadband Technologies.

These cable modems are very much known on the global map. They enable home and office users to link their devices easily to the internet. This is important with the rise and growing relevance of smart devices.

23. Agile Networks and Secure Tops the Largest Revenue Base of Cisco Systems.

The company made a whopping sum of 23.8 billion 2022 from its Agile and Secure networks. 

Cisco Revenue Statistics

24. Cisco Systems was Said to Have Raised $49.8 Billion At the End of 2021.

Although this might be below their target, it still implies that users rely on Cisco for various services.

25. Cisco Systems Earned Its Biggest Revenue in 2019, with $61.9 Billion.

This massive figure in a year confirms the importance of Cisco to its customers in 2019. Its revenue in 2019 beat the total net worth of some businesses, which is a notable feat.

26. 49.3% of Cisco’s Revenue is From Its Switching Products.

Revenue that comes from routing services made up 27.7% of Cisco’s total revenue. The multiple services it offers have helped to boost utility.

27. Cisco System Has Recorded a Slight Revenue Growth of 0.3% in the Past Five Years.

This means that, for some reason, Cisco is struggling to attract more users and recording minimal growth in its ecosystem.

28. In the Last Ten Years, It has Recorded a Slight Increase From 61% to 64% in Its Gross and Net Profit Margins.

This is quite surprising with the global status of the Cisco Systems business.

29. Market Cap Stood At $196.96 Billion for Cisco Systems in December 2023.

Market capitalization was quite good at $196.96 billion on the first day of December 2023. The enterprise value that same day was at $181.08 billion.

More Facts on Cisco Systems

30. The Name Cisco was Coined Out of San Francisco.

The popular American city of San Francisco inspired the naming of this tech giant called Cisco.

31. The Cisco Systems Logo is a Large San Francisco Golden Gate Bridge Graphic Symbol.

This bridge is a notable landmark in the city of San Francisco. It connects San Francisco’s Bay with the Pacific Ocean and is the spur behind the Cisco logo design. 

32. Cisco Bought Out Pure Digital Technologies in 2019.

Remarkably, Pure Digital Technologies is the maker of the Flip Video camera. However, this technology lost its place in the market when smartphones emerged.

33. Leonard Bosack and Sandy Lerner Are the Couple that Founded Cisco.

This married couple founded Cisco before they got divorced. The company is now publicly traded and has grown despite its challenges.

34. Sandy Lerner was Fired After Cisco Went Public in 1990. 

Bosack resigned from the company’s affairs when Lerner lost her job. They chose to sell their shares to cut all ties with the Cisco system.

35. Attending the Cisco Network Academy Does Not Cost a Dime.

This free educational program focuses on topics that are related to technology. Its major goal is to inform students about the importance of the tech industry and what Cisco offers.

Conclusion 

Cisco systems cover large areas of interest, from phone enterprise systems to cable modems and network technologies. It has wielded power in the industry by buying low-performing firms. This move has taken Cisco to greater heights and placed it in market control. 

The tech market is well embedded with the activities of Cisco Systems. The company is all set to embrace new products like the internet in the future, which has raised a neat sum for Cisco. Cutting across all its facets of business, Cisco strives to maintain the top spot in every area in which it places interest. Like several others, the agile network is one of many Cisco projects that keep it in the industry’s top spot.

FAQs 

Sources 

• Wikipedia
• Wikipedia
• Statista
• Cisco
• Market
• Statista
• Yahoo Finance
• Statista
• Statista
• Cisco Newsroom

The post 35 Amazing Cisco Systems Statistics [Essential Facts] 2024 appeared first on The Tech Report.

Salesforce unequivocally dominates the cloud CRM sphere it trailblazed, now ballooning into a customer experience titan straddling sales, service, marketing, and commerce. But can the juggernaut balance breadth and depth across its swelling suite? Reviewing 2024 data, Salesforce topped $30 billion in revenue, with projections of doubling by 2026.

Powered by Work.com and Tableau analytics, along with Mulesoft integration, they boast capabilities to customize a myriad of customer needs. Yet some industry observers question if such expansive scope breeds complications that could slow adaptation. With competitors exploiting potential feature overload, Salesforce aims to enhance not just the product line but also the user experience. The numbers reveal their diverse customer base, but seamless interoperation may determine sustained leadership.

These salesforce statistics provide a more detailed understanding of its trends, the increase in its workforce, market share, job and employee data, revenue, and usage.

Major Salesforce Statistics

1. Salesforce has over 150,000 customers.
2. Salesforce grew at a CAGR of 29.04% in the last decade.
3. Salesforce made up 19.6% of the global market in 2017.
4. 79,390 employees work at Salesforce.
5. An entry-level salary for a Salesforce employee is $78,000.
6. Companies that switch to Salesforce will see a 25% increase in marketing ROI.
7. Salesforce boosts companies’ revenue growth by 25%.
8. Over 7% of Salesforce employees are from the LGBTQ+ community.

General Facts and Statistics on Salesforce

1. Globally, More Than 150,000 Companies Use Salesforce.

Over 150,000 customers depend on Salesforce CRM tools that allow them to achieve service and results. Additionally, Salesforce CRM offers a platform for users to access tools relevant to different businesses and sales. Notably, over 23% of these firms globally use it.

2. Salesforce Earnings Grew to $21.25B in the 2021 Financial Year.

The company made $21.25B in 2021. This shows that it increased by 24.27% over what it got the previous year. From the numbers, the software firm has been growing since it went public in 2004.

3. The CAGR for Salesforce in the Last Decade Has Been 29.04%.

Statistics show that company earnings in the past 20 years have recorded a compound annual growth of 51.22%. However, over the past 10 years, it grew by 29.04%. The data also reveal that the business earned around $31.35 billion as of January 2023 by 18.35%. In 2019, it made about $13.28 billion, $17.1 billion in 2020, and $21.25 Billion the next year. Additional data show that Salesforce became the top CRM provider in the Worldwide Semiannual Software Tracker in 2017. However, this recognition came from the International Data Corporation (IDC), confirming it held it 10 times.

4. One of the best CRM software to use is Salesforce

Salesforce is undoubtedly one of the leading Customer Relationship Management platforms in existence. With its outstanding and instant CRM solutions, Salesforce is trusted by analysts and many organizations for delivering personalized customer-employee relationships across the globe. The Salesforce platform is user-friendly and can secure customer data, interact with customers, and generate leads and sales opportunities. Salesforce is one of the best CRM software for businesses to oversee market campaigns accessed by small and large companies. It is considered one of the best CRM software to use.

Salesforce Market Share Statistics 2024

5. Salesforce Occupies 19.6% of Customer Relationship Management Software Market.

Notably, Salesforce dominates 23.8% share of the Customer Relationship Management Software Market. According to an IDC Semiannual Software Tracker report, Salesforce’s global market share as of 2017 was 19.6%. As of 2021, Salesforce had a market share of 23.9%, showing a remarkable margin over other competitors like SAP, Oracle, Microsoft, and Adobe. Salesforce is one major factor driving the CRM market, with approximately one-fifth of the global market share.

6. Salesforce is Leading Among 4 Other Major Companies in the Competition.

Statistics show that Salesforce maintains a top spot in the CRM software market. In the CRM software market and among other CRM software providers like Adobe, Oracle, SAP, and Microsoft, Salesforce remains in 1st position. The market share growth of Salesforce hit 19.6% in 2017, 16.8% in 2018, 18.44% in 2019 and 19.8% in 2020. Additionally, Salesforce’s market share 2022 reached 23% and grew to 23.8% in 2023.

7. Salesforce’s Number of Customers is Estimated to be 150,000 Customers.

Salesforce has shown great potential and dedicated itself to providing excellent CRM software services over the years. Despite the economic situation, Salesforce adapts quickly to meet the needs of its customers by demonstrating an increase of 40% in license revenue. Statistics show over 150,000 companies globally depend on Salesforce for CRM services with ecosystem providers and partners. The US makes up 62% of Salesforce customers, with the UK following next with 16.5%, then France at 4.6%, and the Netherlands at 3.2%.

8. Salesforce Website Users Reach 181,433.

Salesforce undoubtedly represents the leading CRM platform for cloud applications, as its website users hit 181,433. It now sits pretty as the world’s largest CRM platform.