How fast are e-commerce and
If the results of this past
In a new report, Business Insider Intelligence compiled and analyzed the best data available on how e-commerce and
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Here are our main findings:
- Total e-commerce grew 24% to $4.6 billion on Cyber Monday, Black Friday, and Thanksgiving, according to our estimates. Offline retail, meanwhile, was down.
- The mobile component of e-commerce - retail purchases made on tablets and smartphones instead of PCs - grew even faster. In fact, mobile commerce grew more than twice as quickly, at 63%, and accounted for nearly $940 million in sales on those three days.
- Amazingly, one in four e-commerce dollars spent on Black Friday and Thanksgiving were on purchases made through mobile devices.
- We found that mobile commerce weighs more heavily on key shopping days like Thanksgiving, Black Friday, and Cyber Monday than it does for the rest of the year.
- Tablets have emerged as a principal engine for mobile commerce growth. For example, tablets drove twice as much consumer retail spending on Black Friday as smartphones did, according to IBM's data.
- There were nearly 1.9 million separate e-commerce transactions completed on tablets on Cyber Monday, which added up to $237 million in mobile sales, and helped drive an impressive $2 billion in total e-commerce spending that day.
- Includes seven charts and datasets on the growth of mobile and e-commerce in the United States and internationally.
- Contrasts the growth in online retail to the stagnation in offline retail.
- Tracks the growth rate in the mobile component of e-commerce and shows how it's sure to continue rising.
- Analyzes how tablets in particular are emerging as power shopping devices, while smartphones are used more for browsing.
- Places results for Black Friday, Cyber Monday, and Thanksgiving in the context of our projections for how mobile and e-commerce will perform through year-end.
- Reveals how mobile-based spending varies over daypart.