An Analysis of Cyber Monday: By the Numbers
Cyber Monday 2020 is right around the corner and shoppers are projected to spend a record $12.7 billion this year. Cyber Monday 2020 will take place on November 30th and total sales are projected to increase 35 percent from a year ago.
Cyber Monday has been increasing steadily for more than a decade. According to comScore, the first time Cyber Monday topped $1 billion in total sales was in 2010. As stores try to encourage social distancing due to the pandemic, possibly limiting their Black Friday shopping hours, sales continue to move online.
The team from HugeCyberMondayDeals.com is here to help you learn about Cyber Monday and help you take advantage of the best deals possible! Some of the key insights regarding Cyber Monday include:
- Cyber Monday is the biggest online shopping day in the United States
- While revenue generated on Cyber Monday increased by about 20 percent from 2017 to 2018 and from 2018 to 2019, Cyber Monday 2020 is projected to increase by more than a third compared to 2019
- Revenue generated by smartphones has been projected to increase as well, with estimates topping $4.5 billion
- The average Cyber Monday order is projected to total more than $130 this year
- Peak shopping hours are projected to be between 6 PM PST and 10 PM PST this year
- Amazon’s share of Cyber Monday sales is projected to approach 50 percent this year
It will be exciting to see what kind of awesome deals appear on Cyber Monday this year.
We have put together a new infographic which shows Cyber Monday history, stats, insights, projections, tips and more. Check it out below!
***Click to enlarge or right click to open image in a new tab to view the full infographic.