Adobe: Mobile shopping breaks records with $280 billion so far in 2024
Other findings
- Larger retailers with $1 billion or more in annual revenue have seen more of their customers shift towards smaller screens, with mobile capturing 52.8% share of online sales on a monthly average. This contrasts with smaller retailers reporting $10 million to $100 million in annual revenue, where mobile share sits at a 43% monthly average.
- The Adobe Digital Price Index, which tracks online prices across 18 product categories, shows that e-commerce prices have fallen for 23 months straight through July 2024, when they dropped 3.7% year-over-year in July 2024. Adobe’s spend figures are not adjusted for inflation, but if online inflation were factored in, Adobe says there would be even higher growth in topline consumer spend.
[READ MORE: Adobe: 2024 e-commerce spend exceeds $330 billion so far]
"Adobe Analytics data shows that consumers have embraced mobile shopping for purchases that are more frequent and lower in price, but we expect larger purchase will begin to shift towards smaller screens as well," said Vivek Pandya, lead analyst, Adobe Digital Insights. "Adobe’s data also shows that basket sizes on mobile are 32% smaller than on desktop, which presents both a challenge and opportunity for brands to refine mobile experiences and close the gap to drive revenue."
Based on Adobe Analytics data, Adobe's analysis reviewed commerce transactions online, covering over one trillion visits to U.S. retail sites, 100 million SKUs and 18 product categories.