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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.
This number was higher for millennial respondents, where three-quarters said they considered sustainability when making purchase decisions. The global resale market is estimated to grow to $350 billion by 2027. A recent survey from McKinsey & Co. Other studies support this claim, with nearly 75% of shoppers claiming to shop resale.
In fact, ecommerce is forecasted to capture 41% of retail sales worldwide by 2027, up from only 18% back in 2017. trillion 2027 $7.96 by 2027 ( eMarketer ) Here’s a table with ecommerce share of total retail sales worldwide since 2021: Year Retail Ecommerce Worldwide (% Share of Total Retail Sales) 2021 18.8% trillion 2022 $5.29
HubSpot , 2024) Ecommerce Growth Statistics Retail ecommerce sales are projected to reach more than eight trillion dollars by 2027. HubSpot , 2024) Ecommerce Growth Statistics Retail ecommerce sales are projected to reach more than eight trillion dollars by 2027. trillion USD by 2027. trillion USD market cap.
Millennials make up the largest demographic in the content creator economy, with Gen Z making inroads as well. Millennials: 42% of content creators 8. The creator economy is projected to hit $480 billion by 2027. Over 165 million content creators have joined social media since 2020. 6 in 10 content creators have full-time jobs.
Worldwide gaming market to be valued at more than $314 billion by 2027. billion by 2027, up from 173.7 billion in 2021, and registering a compound annual growth rate (CAGR) of 9.64% between 2022 and 2027. A forecast by Mordor Intelligence has predicted that the worldwide gaming market will be worth $314.4
Visual search is a rising trend, especially among the younger public: a ViSenze st udy found that 62% of generation Z and millennial consumers prefer visual search capabilities over any other new technology. growth per year until 2027. Visual Search. Google has already embraced the idea.
These emails and their anonymous sender, Ope, are extremely popular among Nigerian Gen Zs and younger millennials. billion users by 2027. For context, below is an example of an email from Cowrywise. Notice how personable and relatable the language is? Social Media Marketing 4.9 billion people used social media in 2023.
For 40% of millennials and members of Generation Z, video games are the primary social outlet , a Deloitte study revealed. While I sadly must point out that my fellow millennials and I are no longer really “younger,” those older than us are also getting in on the video game trend. Statista estimates that livestreaming will reach $11.7
billion by 2027. National Retail Federation) Millennials shop on social media the most—55% of people aged 18 to 24 in the United States have made a purchase on social media. (Hive) The average click-to-open rate for all industries is 14.1%. Campaign Monitor) Approximately 347.3 The Radicati Group) Image Source: Oberlo 11.1%
billion people will be reachable through social media advertising by 2027. By 2027, it is estimated that $247.30 In 2022, Facebook generated nearly $114 billion dollars in advertising revenue and is expected to grow to $127 billion by 2027. 31% of millennials in the UK with a household income of over £100K are on Pinterest.
Other stats to consider: Age distribution : There is a growing presence of younger professionals and recent graduates on the platform, with 47% being millennials , offering advertisers access to a diverse age demographic. billion by 2027.
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