According to a new report, Instagram’s user growth has dropped to single digit percentages for the first time.
Data published by eMarketer shows Instagram’s user base grew by 6.7% in 2019, which is down from 10.1% growth in 2018. Starting in 2020, eMarketer estimates Instagram will grow slower than what was previously expected.
“Growth will be at 4.5% in 2020, revised down from 5.4%, and in 2021, it will be 3.2% instead of 4.1%. Contributing to Instagram’s overall slower growth is the fact that older age groups are not joining the platform as quickly as anticipated.”
In addition to older age groups not joining Instagram, eMarketer attributed the slower-than-expected user growth to increased competition from Snapchat and TikTok.
One area where Instagram is seeing larger-than-expected gains is in US users ages 25 to 34. However, growth among this demographic is not expected to change substantially in the coming years.