Share of voice (SOV)

Share of voice (SOV) is a measure of the market your brand owns compared to your competitors. It acts as a gauge for your brand visibility and how much you dominate the conversation in your industry. The more market share you have, the greater popularity and authority you likely have among users and prospective customers.

While SOV typically referred to a brand’s share of paid advertising in a competitive marketplace, it has a broader definition that can include various elements of digital marketing and advertising, including mentions on social media and traffic for certain keywords.

By knowing your SOV, your brand has a better understanding of the challenges and your current position in the market, giving you more insight into how to achieve growth and captivate users.

How to Calculate Share of Voice

Divide a target metric that represents your brand by the total in your market or industry. Multiply that number by 100 to get your percentage of market share for that particular metric.

Your brand metric / Total market metric x 100

For example, if your branded hashtags appear 30 times compared to 50 times for the whole market, you have 60% of SOV, establishing yourself as the leader in your field.

There are a wide range of analytics platforms with built-in tools that automatically calculate your SOV relative to similar brands. Sprout Social has social media listening tools that analyze the conversations held by users via hashtags and mentions and then calculate SOV among several brands or the entire market.

What You Can Measure With Share of Voice

Examples of metrics to calculate for SOV include:

Pros of Measuring Share of Voice

Some of the pros of measuring share of voice include: