If you want to market to business professionals, there’s no better place than LinkedIn. The platform users to connect with like-minded business folk, apply and recruit for jobs, and follow the latest news from organizations and influential people from across the globe.
Understanding how LinkedIn members and brands use the channel gives you valuable insights into how to LinkedIn into your social media strategy. Here are the most up-to-date LinkedIn statistics to be aware of in 2023 to help you craft exciting campaigns.
Bonus:Download a free guide that shows the 11 tactics Hootsuite’s social media team used to grow their LinkedIn audience from 0 to 278,000 followers.
General LinkedIn statistics
Ready to dive into the world of LinkedIn marketing? Here are the top general LinkedIn statistics you need to know.
LinkedIn officially launched on May 5th, 2003, just nine months before Facebook launched at Harvard. The platform was originally founded by Reid Hoffman, who built the initial version in his living room.
Microsoft acquired LinkedIn in 2016, and today, it leads a diversified business with revenues from membership subscriptions, advertising sales, and recruitment solutions under the leadership of Ryan Roslansky.
LinkedIn has also been actively addressing gender inequality, with women representing nearly 42% of the company’s leadership. This is a huge improvement from previous years, and LinkedIn has shown its commitment to creating an inclusive environment for all of its users.
Revenue growth has been a major priority for LinkedIn and its user base. In Q1 of 2023, the company reported revenue growth of 21% year-over-year (in constant currency), significantly higher than the 17% year-over-year increase from the previous quarter.
LinkedIn user stats
Looking to tap into LinkedIn’s vast professional audience? Check out these LinkedIn user stats to guide your strategy.
To put that number in context, Instagram currently has over 1.4 billion users, and Facebook has almost 3 billion. So LinkedIn may not be the largest of the social networks, but with a specific business focus, it’s an audience worth paying attention to.
Men significantly outnumber women on LinkedIn overall, but you’ll need to do some research to understand the makeup of your specific LinkedIn audience. Note that LinkedIn does not report any genders other than male or female.
While the US is LinkedIn’s biggest market with over 194 million users, the network has gained traction around the world. Coming in second place is India with 96 million users, followed by Brazil with 60 million users, Mainland China with 57 million users, and Indonesia with 21 million users.
LinkedIn’s users live in more than 200 hundred countries and regions around the world. This includes over 227 million in Europe, 49 in the Middle East and Africa, 244 million in the Asia Pacific, and 136 million in Latin America.
The Microsoft founder is out on his own as the most followed personal account on the platform, with almost double the amount of followers as Richard Branson behind him in second place. Funny that Microsoft owns LinkedIn, but we’re just speculating here!
LinkedIn has been making great strides internationally, with its international user base growing at 2X the pace of its US user base in Q1 of 2023. This growth shows no signs of slowing down, and LinkedIn is doing a great job of expanding its reach in different markets.
Similarly, LinkedIn users can also find educational opportunities by searching through the platform’s directory of more than 295,000 schools. Users can also use LinkedIn to find mentors, build professional relationships, and network with potential employers.
LinkedIn usage stats
The latest LinkedIn usage stats are in, and they might even change how you see this platform.
When hiring managers can’t screen potential new hires in person, tools like LinkedIn are even more important. And 81% of talent professionals say virtual recruiting will continue long after the pandemic.
If that last LinkedIn stat didn’t convince you it’s worth having a solid presence on this network, this one should. Any company planning to hire new employees in 2022 needs a polished LinkedIn Page to help attract top-tier talent and leverage the channel to recruit candidates.
Organic engagement is hard to come by these days. But, on LinkedIn, 40% of visitors engage with a page organically each week. That’s an impressive statistic demonstrating the platform’s staying power and relevance in the market.
Knowing how often to post on social media can be tricky. According to LinkedIn stats, pages that post weekly have 5.6x more followers than those posting monthly. So if you’re looking to grow your business’s social media following, aim for weekly posts at the very least.
LinkedIn advertising statistics
Have your wallet ready because, by the time you finish reading these LinkedIn advertising statistics, you’ll be ready to start running campaigns.
LinkedIn Marketing Solutions, the branch of the platform dedicated to helping businesses grow with ads, surpassed a whopping $5 billion in revenue for the first time in July of 2022. Its been projected that by 2024, LinkedIn will capture nearly 50% of all display ad spending and 25% of all digital ad spending.
29. 50% of brands are seen as “higher quality” after advertising on LinkedIn
According to LinkedIn, brands that advertise on LinkedIn are seen as “higher quality” by 50% of respondents, while 92% of brands are seen as “more professional”, 74% are “more intelligent,” and 59% are “more respectable. This has resulted in a 10-15% lift in short-term sales performance.
An in-depth analysis of LinkedIn advertising statistics revealed that ads made through LinkedIn Marketing Solutions produce twice the engagement rate compared to organic.
33. Ads using LinkedIn’s conversion tracking tool see 13.5% lower cost per acquisition
LinkedIn stats show that when you use their conversion tracking tool, the cost per acquisition (CPA) is 13.5% lower than when not using it. This tool helps businesses track conversions from LinkedIn Ads and gives them more insight into which campaigns are working best for them.
LinkedIn users have higher-than-average buying power compared to other online audiences. This makes it a great platform for businesses looking to target customers who are more likely to make purchases.
LinkedIn business statistics
Next up in our LinkedIn statistics round-up, let’s explore the LinkedIn business statistics driving the professional world this year.
LinkedIn has become an invaluable resource for job seekers, recruiters, and employers alike. As of Q1 2023, more than 58 million companies are listed on LinkedIn, giving users a wealth of options for finding job opportunities.
The sheer size of LinkedIn’s user base makes it an invaluable resource for job seekers and businesses alike. Not only can users make connections with potential employers, but they can also learn about the latest industry trends and stay informed on changes in the job market.
With over 39,000 skills listed on LinkedIn, it is an excellent resource for employers to find the right candidate. Over the last 12 months, 365M skills members added to their profiles and made it easier for recruiters and hiring managers to pinpoint their most desired skill sets.
Skills data is one of the most important features for recruiters to find the right candidate. According to LinkedIn, 44% of hiring managers used skills data from LinkedIn profiles to fill roles.
If your company is looking to fill a position, you should consider checking out the skills section of LinkedIn profiles.
40. LinkedIn saw 150 million newsletter subscriptions in Q1 of 2023
LinkedIn newsletters are a great way to stay up-to-date on the latest industry trends and network with potential contacts. LinkedIn saw 150 million newsletter subscriptions in Q1 of 2023, showing that more people are taking advantage of this feature to stay in the know about their favorite brands.
These LinkedIn stats make LinkedIn the top network for B2B content marketers, followed by Facebook and Twitter (80% and 71%, respectively). This isn’t surprising, given that LinkedIn offers a context in which people expect and seek out business-related content.
They also get 7x more impressions per follower and 11x more clicks per follower. Like other LinkedIn company page statistics above, this shows the value of keeping your LinkedIn page up-to-date and active.
Organizations looking to get the most engagement from their posts should include an image with each post. Custom image collages (3-4 images in one post) perform especially well, giving users more visual context and can help expand your reach.
Easily manage your LinkedIn Page alongside your other social channels using Hootsuite. From a single platform you can schedule and share content—including video—engage your network, and boost top-performing content.