Inside the Affiliate Marketing Product Boom: A Founder's Perspective on Market Trends

Product Management Tech Brief By HackerNoon

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The affiliate marketing industry is experiencing robust growth with 9,600 global services and companies related to affiliate marketing in 2023
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According toInfluencer Marketing Hub, the affiliate marketing industry is experiencing robust growth and there are approximately 9,600 global services and companies related to affiliate marketing in 2023 including agencies, platforms, and various other organizations or apps providing affiliate services. Additionally, Statista forecasts that affiliate marketing spending will reach a staggering $36.9 billion by 2030. And for that, there are many reasons. Its low-risk nature provides a secure avenue for both businesses and marketers and the potential for high rewards and a scalable income adds an enticing element to the affiliate marketing landscape.