In 2023, the media impact value (MIV) of the mass-market fashion industry grew the most during the second quarter, with 45.1 percent. By the end of 2023, the MIV growth rate for the same segment stood at 14.3 percent, or 5.3 billion U.S. dollars.
Year-on-year growth of media impact value (MIV) of the mass-market fashion industry worldwide from 1st quarter to 4th quarter 2023
Media Impact Value™ (MIV®*): Allows brands to assign a monetary value to every post, interaction or article to measure its impact and identify contributions to brand performance across Voices, channels and regions. This single measurement standard lets you compare and understand which strategies create the most media impact across print, online and social by reflecting the audience perspective. The methodology is built on more than 15 years of experience, working with and for Fashion, Lifestyle and Beauty (FLB) brands globally, including China. Finely tuned with AI Machine Learning, the algorithm relies on both quantitative and qualitative attributes specific to the FLB industries (including audience engagement, industry relevance, source authority, and content quality) to ensure overall accuracy and relevance when benchmarking in the growing competitive landscape.
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Launchmetrics. (January 26, 2024). Year-on-year growth of media impact value (MIV) of the mass-market fashion industry worldwide from 1st quarter to 4th quarter 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1450406/fashion-mass-market-miv-growth/
Launchmetrics. "Year-on-year growth of media impact value (MIV) of the mass-market fashion industry worldwide from 1st quarter to 4th quarter 2023." Chart. January 26, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1450406/fashion-mass-market-miv-growth/
Launchmetrics. (2024). Year-on-year growth of media impact value (MIV) of the mass-market fashion industry worldwide from 1st quarter to 4th quarter 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1450406/fashion-mass-market-miv-growth/
Launchmetrics. "Year-on-year Growth of Media Impact Value (Miv) of The Mass-market Fashion Industry Worldwide from 1st Quarter to 4th Quarter 2023." Statista, Statista Inc., 26 Jan 2024, https://www.statista.com/statistics/1450406/fashion-mass-market-miv-growth/
Launchmetrics, Year-on-year growth of media impact value (MIV) of the mass-market fashion industry worldwide from 1st quarter to 4th quarter 2023 Statista, https://www.statista.com/statistics/1450406/fashion-mass-market-miv-growth/ (last visited November 22, 2024)
Year-on-year growth of media impact value (MIV) of the mass-market fashion industry worldwide from 1st quarter to 4th quarter 2023 [Graph], Launchmetrics, January 26, 2024. [Online]. Available: https://www.statista.com/statistics/1450406/fashion-mass-market-miv-growth/