Report
The Rise of Social Commerce
Social commerce is rapidly growing as more consumers shop through social media platforms like Facebook, Instagram, and TikTok. During the pandemic, online sales surged, with e-commerce sales at major retailers increasing by 200%. Social commerce, where users can purchase directly within apps, reached $37 billion in sales. However, consumer satisfaction is low, with less than 30% satisfied with their social shopping experience. Key issues include complex checkout processes, which lead to abandoned carts. Improving ease of purchase, such as one-click checkouts, is critical to boosting conversions.