Social Media, Mobile And The Rapid Growth Of E-Commerce [INFOGRAPHIC]

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By Shea Bennett Comment

Did you know that studies suggest that 15 percent more consumers will be shopping online within the next five years, and that, on average, they’ll be spending up to 44 percent more?

The U.S. Online Retail Forecast expects growth in the number of U.S. consumers shopping online to rise from 167 million last year to 192 million by 2016, with the average amount spent by each customer expected to leap from $1,207 per annum to $1,738. As we reported last week, apparel sales are expected to take the lead, and a significant percentage of the total retail market is expected to be carried by the social media and mobile sectors.

Consulting firm Booz & Company predicts the U.S. online social network sales will grow by a heady 93 percent over the next half-decade, with some $15 billion in revenues expected by 2015. The mobile curve is stronger still, with $31 billion in annual sales pegged three years from now.

This infographic from Baynote takes a closer look at the rapid growth of United States e-commerce.

(Source: Baynote. Shop image via Shutterstock.)