Adobe have announced the latest data and insights on the Creator Economy from the Adobe “Future of Creativity” Study. The study found the Creator Economy grew by 165 million creators over the past two years to 303 million creators globally. The Creator Economy is the economy supporting people who monetise their content, goods and services online. This is done by leveraging their own creativity, talents and passions. Additionally, the study found that the Creator Economy continues to grow and is reshaping every aspect of culture and society. From the future of work to social causes to mental health.
“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. They can explore creative and artistic pursuits in new ways,” said Scott Belsky, chief product officer and executive vice president, Adobe Creative Cloud. “Increasingly, creators from all walks of life are turning their creative inspirations and passions into new careers and businesses.”
The Future of Creativity Study provides a comprehensive view into the global Creator Economy. In addition to how creativity is changing across the US, UK, Spain, France, Germany, Australia, Japan, South Korea and Brazil. The study defines creators as professionals and non-professionals creating original content for their jobs or passions. This includes designers, photographers, filmmakers, illustrators, hobbyists and more. Influencers are a subset of creators defined as those with 5,000+ followers who leverage social media to influence their audience.
The Creator Economy is diverse & thriving
Since 2020, the creator economy has grown exponentially.
- More than 165 million creators joined the Creator Economy since 2020, with significant growth across all markets.
- In the US alone, the Creator Economy grew by 34 million new creators (40%). Brazil (+73 million new creators), South Korea (+11 million) and Spain (+10 million) also emerged as hot spots for creativity.
- 23% are creators contributing photography, videography, creative writing and more to online spaces including social media platforms and blogs.
- Millennials represent 42% of the Creator Economy. By comparison, Gen Z represents 14%.
- 48% of creators are universally motivated by the same goal: freedom of expression. Less than one-third of creators (26%) are motivated by money.
- Influencers make up only 14% of the global creator economy.
Redefining the future of work
The Creator Economy has unlocked new full and part-time professional opportunities. Particularly for Gen Z and millennials who are drawn to less traditional careers. The study found that content creation can be a source of income. However, it takes time and commitment to be successful. While it remains a side hustle for most, many creators aspire to do more.
- Two in five influencers were motivated to start creating by the possibility of turning it into a career.
- 17% of creators are business owners, while 39% aspire to become a business owner one day.
- For most creators, creating is a hobby or side hustle. Six in 10 creators have full-time jobs.
Creators are key to advancing social causes online
Creators embrace the opportunity to advance conversations around social causes online. Taking action to support ones that are important to them personally.
- Nearly all (95%) of creators take action to advance or support causes that are important to them.
- Food and housing security (62%), social justice (59%) and climate change (58%) top the list of causes most important to creators around the globe.
- 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%). Make it easier to voice opinions on social causes (47%).
Creators and mental health
The study revealed the more time creators spend creating and sharing content, the happier they feel. This is the opposite of social media consumers, who studies have shown can experience negative effects from social media use.
- Creators who make daily content and/or spend 10+ hours per week creating report being happiest overall.
- Most creators (69%) and influencers (84%) say creating and sharing online content is a creative outlet they can’t find elsewhere.
- One in two influencers say using social media or creating social content is more important to their mental health than listening to music (31%). Exercising (30%) and going outside in nature (27%).
Enterprise Times: What this means for business.
Adobe products enable anyone to be a creator. The company has always been the solution of choice for the creators across the globe in animation, design, film and other creative fields. The extent of users’ range is impressive individuals, solopreneurs and social influencers to small business owners and enterprise businesses. Hence Adobe’s natural interest in understanding the creator economy. The reports statistics are interesting. More than 165 million creators joined the global creator economy in the last two years. One in two influencers say using social media or creating social content is more important to their mental health, than listening to music, exercise or going out in nature. The creator economy is here to stay. It will be interesting to see how it evolves and matures, and its impact on wider society.
