According to Finbold, TikTok continues to grow in popularity outshining established competitors. The data shows that in August of this year, TikTok had 44.6 million downloads while Instagram recorded 38.5 million downloads. The downloads were at least twice more compared to Facebook, which had 22.1 million downloads.
In May, the three social networks registered higher downloads compared to August, but TikTok remained dominant with 72.8 million. The downloads were more than compared to Instagram and Facebook which had 38.5 million and 31.4 million downloads respectively. The downloads were recorded on both Android and Apple App Store.
The research also overviewed countries driving the growth of TikTok this year. India accounts for the highest figure at 99.8 million downloads, with the United States coming in a distant second place with 45.6 million.
Growth a result of the lockdown
2020 has been the best year for TikTok witnessing immense global growth to become one of the fastest-growing platforms. TikTok offers users an alternative way of sharing content online through creation of short videos with music, filters, and other captivating features. The addictive app has grown in popularity mostly among teenagers.
TikTok has now evolved into a media sensation for users. The platform experienced rapid growth in the wake of the COVID-19 outbreak. As the virus spread across the world, governments ordered lockdown and many people had to stay at home. With the urge to keep entertained many latched on to TikTok leading to the app’s snowballing.
TikTok, owned by Chinese firm ByteDance, has become under great scrutiny in the United States over claims of selling user data. Consequently, President Donald Trump threatened to ban the app. However several companies have come forward aiming to run TikTok’s operations in the U.S. TikTok has rejected the acquisition of its U.S. operations by Microsoft.
Competition with Facebook
The app has become a phenomenon globally posing a great threat to established social platforms such as Facebook and Instagram. TikTok has a strong identity with the different features making it easier for new users to stick on. The platform also boasts of a strong engaged community that is more superior compared to Facebook and Instagram.
Facebook has made attempts to tackle TikTok’s growth through the introduction of new features via Instagram. Instagram launched Reel, a short-form video feature that allows users to create 15-second clips, like TikTok, and share them within the Instagram app. Instagram did not opt for a different application but the feature can be found within the app itself.
Historically, Facebook is known to clone popular social media applications that are deemed competent. The social media giant closed the Lasso app, which mirrored TikTok. However, the company has had success adding popular features from rivals into Instagram and the regular Facebook app. For example, it added the stories feature to Facebook, Instagram, and WhatsApp. The feature was first introduced by Snapchat.
However, some brands have been skeptical to advertise on TikTok, since it is not yet clear if the popularity will last. Overall, for brands to venture into TikTok it has been unknown territory. For most brands, it is not something they have ever considered, but the rise in popularity cannot be ignored.