Social media, technology, and manufacturing companies lead the pack as the fastest growing brands in 2022. A pharmaceutical and biotechnology company are also listed on the fastest growing brands list – largely, if not solely, due to the COVID-19 pandemic. Here is the list of the 10 fastest growing brands, according to Statista in 2022.
Coming in at number one, TikTok has grown by 215 percent. TikTok is owned and was created by ByteDance, a Chinese company. Known as Douyin in China, Tiktok offers content creators the platform to create and post short-form video content. This content is often viral dances, funny videos, and informative videos. TikTok videos can range to be between 15 seconds long up to 10 minutes long.
Snapchat has grown by 184 percent. This social media platform was created by Stanford University students and is currently an American multimedia instant messaging app and service. Snapchat allows its users to post photos and videos as well as send messages which are only available for a certain time period.
Kakao has grown by 161 percent. Commonly known as KakaoTalk or KaTalk, this South Korean app is a mobile messaging app for smartphones. Run by the Kakao Corporation, Kakao is now able to be used on mobile and desktop platforms. The messaging app is used by 93% of smartphone owners in South Korea and is available in 15 languages.
AMD, Advanced Micro Devices, has grown by 122 percent. AMD is an American multinational semiconductor company that produces computer processors as well as other technologies which include microprocessors, motherboard chipsets, embedded processors, graphics processors, and Field Programmable Gate Arrays.
BYD, Build Your Dreams, has grown by 100 percent. BYD is a Chinese conglomerate manufacturing company and has two subsidiaries which are BYD Automobile and BYD Electronic. The company manufactures automobiles, buses, electric bicycles, trucks, forklifts, solar panels, and rechargeable batteries.
Nvidia has grown by 100 percent. Nvidia is an American multinational technology company. This software and fabless company products GPUs and APIs for data science and high-performance computing, as well as system-on-a-chip for mobile and automotive computing. This software company is also a leader in artificial intelligence hardware and software.
Twitter has grown by 85 percent. Twitter is a social media platform that offers a microblogging and social networking service. This American communications company has over 330 million monthly active users which use the platform to tweet text, image, and video content of their liking.
AstraZeneca has grown by 77 percent. AstraZeneca is a multinational pharmaceutical and biotechnology company. The company has developed the Oxford–AstraZeneca COVID-19 vaccine but has also created products to combat diseases and conditions in areas like oncology, cardiovascular, gastrointestinal, infection, neuroscience, respiratory, and inflammation. The British-Swedish company is currently one of the world’s largest pharmaceutical companies.
Coupang has grown by 72 percent. This e-commerce company, which is based in South Korea, is also incorporated in the United States. Coupang is the largest online marketplace in South Korea and is a leader in the video streaming field due to Coupang Play.
CDW has grown by 71 percent. CDW Corporation is a multi-brand provider of information technology solutions. These solutions are offered to businesses, the government, the education sector, and the healthcare sector in the United States, the United Kingdom, and Canada. The secondary division of CDW, known as CDW-G, provides solutions to United States governmental entities.
These 10 brands and companies are currently the fastest growing brands and companies in the world. The majority of which are operators in the social media and tech space.