UK Future of Social Media Report 2024
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Stalling financial confidence will prompt cautious spending, limiting the growth of paid social media subscriptions and ecommerce. However, AI search/chatbots offer platforms the opportunity to take a stronger role in guiding purchasing decisions, something many will appreciate while being more selective about spending.
Consumers are concerned about the impact Gen AI could have on the spread of misinformation and authentic human interaction. Platforms will require strict AI labelling to mitigate concerns, while also ensuring that AI content does not disrupt the core purpose of social media: human connection. People also continue to be wary of the impact social media has on their wellbeing.
AI developments will alter the social media landscape, presenting many opportunities for platforms to engage users through search and content creation. 58% of social media users, however, would currently prefer to use a social media platform that banned all AI images/videos, highlighting that there will also be an opportunity for AI-free platforms/feeds to emerge.
As AI content and features become more dominant on social media platforms, there will be an opportunity for AI-free spaces to emerge.
Rebecca McGrath, Associate Director for Media and Technology
This Report examines the UK attitudes towards the future of social media, and how social media use is likely to develop.
Mintel defines social media platforms as any platform focused on facilitating users to upload/share content and interact with other people at scale. Messaging services such as WhatsApp and Google Chat are not a focus of this Report.
For more specific focus on different aspects of social media, see Mintel’s UK Social Media: Engaging with Brands 2024 and UK Social Media: Sharing and Socialising 2024 Reports.
Mintel is the world’s leading market intelligence agency. We show you how consumers think today and tomorrow. As a trusted partner to industry leaders, we deliver game-changing insights to businesses across the globe, fuelling their marketing and innovation strategies that will shape the future.
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