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The creator economy
grew by more than 165 million people over the past two years to reach 303
million creators globally, Adobe finds in its latest “Future of Creativity”
study, “Creators in the Creator Economy.”
article here
In fact, according
to the report, almost a quarter of us (23%) are designated creators,
contributing photography, videography, creative writing and more to online
spaces like social media platforms and blogs.
While over a
quarter of creators (26%) are motivated by money, the report found, nearly half
(48%) of creators “are universally motivated by the same goal: freedom of
expression.”
The study found
that content creation can be a source of income, “but it takes time and
commitment to be successful and while it remains a side hustle for most, many
creators aspire to do more.”
Scott Belsky, chief
product officer and EVP at Adobe Creative Cloud, explains, “The unprecedented growth
of the creator economy provides a platform for everyone to be a creator.
Individuals, soloprenuers, small business owners and content creators can now
express themselves and explore creative and artistic pursuits in new ways.”
Adobe defines
creators as professionals and non-professionals creating original content for
their jobs or passions including designers, photographers, filmmakers,
illustrators, hobbyists and more.
Influencers are
defined here as a subset of creators with five thousand followers or more who
leverage social media to impact their audience.
Per the report,
Millennials represent 42% of the creator economy. By comparison, Gen Z
represents 14%. Influencers make up only 14% of the global creator economy.
In the US alone,
the creator economy grew by 34 million new creators (40%) since 2020. Brazil
(+73 million new creators), South Korea (+11 million) and Spain (+10 million)
also emerged as hot spots for creativity.
Nearly all (95%) of
creators charted in the study take action to advance or support causes that are
important to them.
“By using their
creativity and influence to advance social causes, creators believe they can
drive awareness (51%), give a voice to those who otherwise wouldn’t have one
(49%) and make it easier to voice opinions on social causes (47%),” Adobe says.
The study further
suggests that the more time creators spend creating and sharing content, the
happier they feel. This, Adobe pointedly notes, “is the opposite of social
media consumers, who studies have shown can experience negative effects from
social media use.”
The “Future of
Creativity” study surveyed 9,000 online creators in May 2022 throughout nine
global markets (including US, France, Australia, Japan and South Korea).
Edelman Data & Intelligence conducted the study and analyzed the data.
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