SWOT Analysis of TikTok

Introduction 

Swot analysis of TikTok. Douyin or TikTok is a Chinese short video sharing and social media platform. ByteDance is the parent brand of TikTok. The company launched the Chinese version, Douyin, in Sep 2016, and the international version, TikTok, in August 2018 after merging with Musical.ly.

TikTok allows its users to make short educational, funny, dance, and comedy videos ranging from 15 seconds to one minute. The platform also allows longer videos of up to 3 minutes to its high-rated users.

TikTok is available in various 74 languages. According to an estimate, more than 2.6 billion people have downloaded the TikTok application on their smartphones across the world by the end of 2020. The platform is very popular in countries like RussiaTurkey, the USA, Southeast Asia, UKAustralia, South Asia, East Asia, and many other countries across the world.

YouTubeFacebookTwitterNetflixAmazon Video Prime, InstagramApple TV, and others are some of the main competitors of TikTok.

Today, we’ll discuss the swot analysis of TikTok. It’s going to focus on the internal and external factors impacting the world’s leading social media and video sharing platform. Here’s the swot analysis of TikTok as follows;

Strengths of TikTok 

User friendly

TikTok is a user-friendly mobile application and social media platform. A non-tech person can easily understand how to operate the application and edit the video. Its interface is very simple, you just have to scroll up and keep watching the short videos.

Large Database of Users

The user-friendly feature of TikTok has attracted more than two billion users from across the globe. A large database of users has allowed the brand to attract more people by using word-of-mouth marketing. However, the crowd of people makes the users safe and secure on the platform.

Free

The most important feature of TikTok is that it provides professional-level editing tools, effects, and filters for free and without any upfront cost. You just have to download the application and start using it. It couldn’t be simpler than that.

Privacy & Safety

TikTok also cares about the safety and privacy of its users. It only allows followers to send a private message directly to the person they’re following. On the other hand, non-followers can’t send a private message. However, the platform provides to change the setting according to one’s convenience.

Fun Teamwork

TikTok has created an atmosphere of fun team activities like dancing, comedy, etc. It brings the friends and family members closer to make a recording of wonderful activity. In other words, we can say that TikTok has broken the monotony of the traditional tech platforms.

Market Share

According to an estimate, TikTok is offering its services in more than 154 countries worldwide. The video-sharing platform has approximately 1.1 billion monthly active users as of 2021. Roundabout 60% of the users belong to generation Z.

Weaknesses of TikTok

Complicated Features

It’s undoubtedly a user-friendly application. But some of its features are so tech-oriented that it takes a lot of time for a newcomer to understand these features. For instance, a new user finds it difficult to apply various effects like filters, time delays, and backgrounds simultaneously on the video.

Inappropriate Content

Some of the audio songs and background audio clips are highly inappropriate and TikTok doesn’t censor them. Many social media critics have claimed that the video-sharing platform contains crude humor, promotes the usage of drugs and nudity, and fantasy violence. That’s why it raises a serious question on the appropriateness of the platform for the kids.

Addictive

According to an estimate by Wallaroomedia, an average person spends 52 minutes on TikTok. The youngsters aging from 4 to 15 years old spend 80 minutes per day on the video-sharing platform. They check out the platform roundabout 8 times per day. These statistics prove that the video-sharing platform is highly addictive just like other platforms.

Time Consuming

When young people spend hours of their time on the platform by watching videos, it encourages them to make the videos the rest of the time. According to an estimate, 83% of TikTok users post their videos. At the same time, they could be using to learn some valuable skills. Only a limited number of users reach the top and start earning from the platform.

Opportunities available to TikTok 

Marketing & Promotion

TikTok is a great platform for the self-branding, marketing, and promotion of your products and services. Many companies hire the top influencers with millions of followers to promote their products and services. The livelihood of many people is dependent on the platform.

Developing Connection

TikTok allows you to build connections with like-minded people. When they share ideas and thoughts, it could result in the form of something productive.

Tech Oriented

TikTok has made many of its users tech-oriented by operating with complicated features all the time. Now many young users are familiar with video editing skills through the video-sharing platform.

Threats TikTok has to face

Regulations & Bans

Former US President, Donald Trump, had severe plans to ban TikTok in the country and he signed two executive orders. The Federal judge jumped in and postponed the blocking process.

Indian government blocked more than 223 Chinese applications including TikTok in the country in Jun 2020, when both countries had some clashes on the shared border.

The Pakistani government banned TikTok on October 09, 2020, on the grounds of immoral and vulgarity and reversed its decision 10 days later.

Chinese Brand

As we know that TikTok is a Chinese brand and the country doesn’t have a positive reputation worldwide. It’s because of high censorships, an authoritarian dictatorial regime, and limited freedom of speech. That’s why many people have trust and confidentiality issues.

No Privacy

When you create an account on TikTok, the platform would have access to your personal information. The Chinese government doesn’t leak any information through controlled media, and it has access to the information of billions of people worldwide. It could use the information for a variety of purposes without your users’ consent.

Conclusion 

After an in-depth study of the swot analysis of TikTok, we have concluded that TikTok is indeed one of the world’s largest social networking and video sharing platforms. Government regulations, bans, privacy issues, and inappropriate content are some of the main issues. TikTok should address these issues because they could severely impact the company’s growth.