# 5. Market Opportunity

## Gen Z is driving major shifts in entertainment and shopping

**GEN Z:** With an estimated <mark style="color:yellow;">**spending power of $143 billion in the US alone**</mark>, Gen Z represents a massive target audience.&#x20;

* As the largest demographic group globally, constituting <mark style="color:yellow;">**32% of the population**</mark>, their preferences and behaviors are <mark style="color:yellow;">**driving major shifts**</mark> in the entertainment and shopping industries.
* Gen Z's digital-native nature and affinity for mobile-first experiences provide an <mark style="color:yellow;">**untapped market opportunity**</mark> in the TV and gaming entertainment space (Forbes).
* Gen Z prefers interactive and immersive experiences, with <mark style="color:yellow;">**74% spending their free time online**</mark> (Pew Research Center, 2018)

## **Trending Sectors**

**LIVE COMMERCE / LIVE SHOPPING:** Vibe is capitalizing on the live shopping revolution.

* Deloitte estimates it to reach <mark style="color:yellow;">**$300 billion by 2025**</mark> with a <mark style="color:yellow;">**CAGR of around 49%**</mark> from 2020 to 2025.&#x20;
* Coresight Research estimates global live shopping market was valued at $60 billion in 2021 and is expected to reach <mark style="color:yellow;">**$424 billion by 2025, with a CAGR of 42%**</mark>.
* eMarketer estimates that the live commerce market in China alone will reach <mark style="color:yellow;">**$171 billion in 2023**</mark>, up from $63 billion in 2020.
* <mark style="color:yellow;">**Popular in Asia**</mark>, with China leading the way in terms of adoption and growth.
* Live shopping becoming increasingly popular among Gen Z.

## Vibe's next-gen mobile-first app is uniquely designed for the Gen Z audience

* <mark style="color:yellow;">**Vibe combines elements from each**</mark> of these markets into a single, cohesive platform to fill a gap currently in the industry.
* By capitalizing on these market trends and <mark style="color:yellow;">**addressing the evolving needs of this vital demographic**</mark>, Vibe is well-positioned for significant growth and success.
* Vibe also has a playbook for TV shows on how to leverage our app for <mark style="color:yellow;">**real transformative improvements in revenue-generating metrics**</mark>.


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