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Their behaviours on these networks, such as the time spent and the networks used, differ.According to a 2024 report , heres how much time each generation spends on social media: GenZ: 10 hours and five minutes. Gen X: six hours and five minutes. million users in 2028. million users in 2028.
billion in 2028. YouGov ) Some groups are more comfortable with the metaverse than others: 40% of Gen Zers and 40% of millennials, would be interested in shopping for real or virtual products in metaverse environments that brands create. Obsess ) Nearly 75% of GenZ shoppers have purchased a digital item within a video game.
Currently valued at $250B, the creator economy is expected to reach $480B by 2028. Pew just released research stating GenZ now spends more time on YouTube than TikTok each day. This could generate additional engagement on Shorts that is appealing to marketers.
Ecommerce is businesses selling products online, and people buying those products online. Boston Consulting Group , 2023) A majority of social media marketers (68%) use social media to drive traffic to products on its own website. Statista , 2023) The global conversion rate of online shoppers is 1.9%. trillion USD market cap.
Millions of people are now browsing social media platforms daily in search of product recommendations. The influencer market is expected to grow to $52 billion by 2028 According to Statista, the influencer advertising market valuation is expected to grow to approximately $35 billion USD in 2024. Approximately 80.8%
Currently valued at $250B, the creator economy is expected to reach $480B by 2028. Pew just released research stating GenZ now spends more time on YouTube than TikTok each day. This could generate additional engagement on Shorts that is appealing to marketers.
From the convenience of fast and free shipping to wide product choice, more consumers opt to shop online. important”> Product Category Share of US Digital Buyers (who made a purchase in the past month) Clothing 67.1% Beauty products 43.1% Pet products 35.7% Beauty products 43.1% Pet products 35.7%
Influencer Marketing happens when brands establish partnerships with digital influencers to associate their image with those personalities who endorse their products and connect with their consumers. However, this is nothing compared to their prediction of the size this market will reach by 2028: $84.89 billion in 2021.
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