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By 2027, that figure is expected to balloon to $500 billion. Forecast to reach half-a-trillion dollars by 2027, the value of the creator economy has exploded due to cultural shiftsincluding massive increases in digital content consumption during and following lockdowns, and the subsequent elevation of online culture to the mainstream.
Alternatively, they've also sponsored live product tutorials from social media influencers. billion by 2027. Almost half of GenZ watches their favorite shows live on social media. On the other hand, if you want to reach gamers or GenZ, you might want to test out a Twitch stream. Growth in Live Video.
TV and streaming sports rights is expected to nearly double between 2017 and 2027. In contrast, investment in Los Angeles TV and movie production has declined, reflecting the reliability of sports events like March Madness in attracting consistent viewership and engagement.
In fact, ecommerce is forecasted to capture 41% of retail sales worldwide by 2027, up from only 18% back in 2017. From the convenience of fast and free shipping to wide product choice, more consumers opt to shop online. trillion 2027 $7.96 Beauty products 43.1% Pet products 35.7% billion Tobacco Products $104.4
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.
GENERAL SOCIAL MEDIA FACTS In today’s digital landscape, social media facts shed light on evolving user behaviors and emerging social media marketing trends. Platforms like Snapchat and TikTok dominate the GenZ space, while B2B social media trends influence business decisions. By 2027, it is estimated that $247.30
Customers are up to 70% more likely to buy your product when you use retargeting. Social media ad revenue is expected to balloon up to $385 billion by the year 2027. Snapchat ads are 7X more efficient at reaching GenZ than TV ads. 58% of internet users purchase products and services online on a weekly basis.
Millennials make up the largest demographic in the content creator economy, with GenZ making inroads as well. This demographic shift reflects the evolution of content creation from a niche role into a viable profession for younger generations. GenZ: 14% of content creators 9. Who are the content creators?
This is why 70% of marketing professionals already work with a strategy focused on content production, a key for the next year. Visual search is a rising trend, especially among the younger public: a ViSenze st udy found that 62% of generationZ and millennial consumers prefer visual search capabilities over any other new technology.
Zippia) 60% of TikTok’s audience comprises GenZ users. Ahrefs) In the US, 53% of people research products using search engines before making a purchase. Gitnux) 89% of people say watching a video has convinced them to buy a product or service. billion by 2027. Search Engine Journal) Google drives 59.2%
For 40% of millennials and members of GenerationZ, video games are the primary social outlet , a Deloitte study revealed. The game company is also offering full production process management for brands’ creative assets, a feature that may become extremely important as brands attempt to engage gamers on their own level.
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