But LinkedIn's growth has begun to slow with a three per cent share.
Data analyst eMarketer claims the majority of global social network advertising revenues will go towards Facebook, while Twitter comes in second place with a much smaller share.
The US market will generate just under half of the total at $2.74 billion.
Meanwhile business network LinkedIn will claim three per cent with $140.8 million, according to the report.
eMarketer also claims despite the LinkedIn's ad revenues tripling in two years, the growth is now slowing down.
Clark Fredricksen, rep for eMarketer, said: "LinkedIn’s made it pretty clear that the horse they’re riding is their recruiting business. But they make a handy chunk from advertising for sure."
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The report reveals 8.8 per cent of US advertising dollars and 6.9 per cent of global advertising spending is going toward social networking sites, which will increase to 11.7 per cent and 9.4 per cent, respectively by 2013.
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