WeChat ranked as the world’s strongest brand in 2024, surpassing Google, based on the evaluation of factors such as marketing investment, brand performance among customers, staff and stakeholders, and impact on business operations. According to the index, WeChat scored 94.3 out of 100 points. YouTube followed, with a score of 92.7 points, while Google ranked third.
Google: a strong and valuable brand
Besides brand strength, brand value is another common metric of a company’s performance. The term, not to be mistaken with brand equity, is used in the marketing industry to describe the value of brands based on the implication that products with a famous brand name can generate more money than those with a less well-known name. In 2023, Google’s brand value amounted to 281.4 billion U.S. dollars, putting the American tech company in the top three most valuable brands globally. Additionally, in 2022, Google was among the fastest growing brands worldwide, with a nearly 80 percent growth rate in its brand value.
Leading brands worldwide in 2024, by Brand Strength Index
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Brand Finance. (January 17, 2024). Leading brands worldwide in 2024, by Brand Strength Index [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/387949/strongest-brands-bsi-worldwide/
Brand Finance. "Leading brands worldwide in 2024, by Brand Strength Index." Chart. January 17, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/387949/strongest-brands-bsi-worldwide/
Brand Finance. (2024). Leading brands worldwide in 2024, by Brand Strength Index. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/387949/strongest-brands-bsi-worldwide/
Brand Finance. "Leading Brands Worldwide in 2024, by Brand Strength Index." Statista, Statista Inc., 17 Jan 2024, https://www.statista.com/statistics/387949/strongest-brands-bsi-worldwide/
Brand Finance, Leading brands worldwide in 2024, by Brand Strength Index Statista, https://www.statista.com/statistics/387949/strongest-brands-bsi-worldwide/ (last visited November 03, 2024)
Leading brands worldwide in 2024, by Brand Strength Index [Graph], Brand Finance, January 17, 2024. [Online]. Available: https://www.statista.com/statistics/387949/strongest-brands-bsi-worldwide/