The number of active users is growing at a fast pace, about 45% since July 2020. This is one of the highest rates among competitors in the market.
Popular with younger audiences, the TikTok short video platform announced in a blog post that it has hit a new record. According to the service, the monthly number of active users has reached 1 billion.
TikTok, owned by the Chinese company ByteDance, reports that its main markets are the United States, Europe, Brazil, and Southeast Asia. It is also noted that the growth in the number of users is happening at a rapid pace. Since July 2020, when the number of active users was 689 million per month, their number has increased by 45%.
Compared to its main competitors, this growth looks impressive, although the platform is not yet the market leader in terms of the total number of active users. Thus, the number of Facebook users in June 2021 amounted to 2.9 billionf per month, but this meant an increase of only 7% compared to the same period last year.
The company in its blog post expresses its gratitude to its users and first of all thanks them for such an achievement: “At TikTok, our mission is to inspire creativity and bring joy. Today, we're celebrating that mission and our global TikTok community."