Black Friday Sales Hit $74.4 Billion Globally, Driven by Mobile and AI Technology

Black Friday 2024 has broken records again with global online sales hitting $74.4 billion, a 5% increase from last year. The US market led the charge with record sales and strong growth driven by mobile shopping and AI-powered tools like chatbots.

U.S. Black Friday Sales Surge

According to Adobe, US consumers spent $10.8 billion online during Black Friday, a 10.2% increase from 2023’s $9.8 billion. Salesforce reported an even higher number, $17.5 billion in US online sales, up 7% year-over-year (YoY).

Globally, Salesforce said $74.4 billion was spent in 24 hours, up from $70.9 billion in 2023. These numbers show how e-commerce is becoming the preferred way to shop as consumers increasingly choose online over in-store.

Key Drivers Behind the Record Sales

1. Mobile Shopping Dominance
   

   Mobile was the big winner this year. Adobe said 55% of online sales, $5.9 billion, were made on mobile devices, a 12.1% YoY growth. As consumers get more comfortable shopping and transacting on their phones, retailers have optimized mobile experiences leading to higher conversions.

2. Discounts and Bargains
   

   Deep discounts were the draw across categories. Toys were discounted up to 27.8%, electronics 27.4% and TVs 24.2%. These deals resonated with early holiday shoppers looking for value.

3. AI and Chatbots in Retail
   

   AI-powered chatbots were the game-changer. Adobe saw a 1,800% increase in traffic from generative AI chatbots vs. last year. 20% of US surveyed shoppers used chatbots for personalized shopping recommendations.

Holiday Sales at Their Peak

Adobe said sales peaked between 10am-2pm ET with consumers spending $11.3 million every minute. Shopify and Stripe showed real-time sales data with cool visualizations.

Broader Implications for E-Commerce

Black Friday’s numbers show how consumer behavior and technology are changing retail. Vivek Pandya, Lead Analyst at Adobe Digital Insights said, “Reaching $10 billion is a big e-commerce milestone for Black Friday. Mobile and chatbots are the innovation drivers for the future of online retail.

Conclusion

As the holiday season is underway, Black Friday’s records show the strength of e-commerce. Mobile and AI-powered tools are not only changing how we shop but setting the stage for long term retail growth.

Retailers looking to capitalize on these trends should focus on enhancing mobile platforms and leveraging AI technology to deliver personalized, seamless shopping experiences. Stay tuned as the holiday sales season unfolds, promising even more milestones ahead.

Optimize your e-commerce with these trends and make the most of the holiday season. For more news and updates visit Jeffkom Story!