01/11/2024
Mobile E-Commerce
The online retail space is also evolving. During Comscore’s annual Top 23 Insights of 2023 webinar, we showcased that mobile now accounts for over one-third of total online retail spend – a share that has been increasing year-over-year. Social Media has also proven to be a successful channel for e-commerce, with Comscore data illustrating strong visitation growth on social platforms, such as TikTok and Instagram. According to 2023 Comscore research, 46% of online shoppers indicated that they are interested in buying products via social media - a strong 21-point increase from 2021. And as we close off 2023, online retail spending is anticipated to surpass the 1st-ever $1T year in 2022!