It is learned that according to the forecast of global media agency Zenith, driven by the rise of TikTok, Instagram and others, the social media advertising market will reach US$177 billion in 2022, surpassing traditional advertising markets such as TV (US$174 billion). According to Zenith research, during this year’s Christmas season in the United States, 36% of consumers will browse for holiday merchandise and discounts on YouTube, 25% will browse on Facebook, 21% will browse on Twitter, and 19% will browse on Instagram. Zenith pointed out that with the rise of social media, more and more consumers will turn to social e-commerce shopping, among which Generation Z has the greatest purchasing power in this channel. As retailers have noticed the trend, social advertising targeting Generation Z increased by 54% in the week before Christmas. Among several large retailers in the United States, Target had the most advertising, with a market share of 64%, while Costco had the least, at 1%. We also learned that in addition to Amazon, Walmart has the most advertising on social media throughout this peak season, accounting for 23% of the market, followed by Target (21%) and Best Buy (12%). Editor ✎ Nicole/ Disclaimer: This article is copyrighted and may not be reproduced without permission. |
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