Press release
The Social Commerce Industry in Singapore is Expected to Grow by 77.5% on Annual Basis to reach US$940.9 million in 2022 - PayNXT360| Social Commerce Industry Market Size and Forecast by Retail Product Categories| Social Commerce Industry Market Size and
The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 45.8% during 2022-2028. The social commerce GMV in the country will increase from US$940.9 million in 2022 to reach US$7,411.1 million by 2028.
With the social media platforms offering an avenue for buyers and sellers to interact, a shift is taking place towards organized commerce on these platforms in Singapore. Discovery, browsing, and purchasing on the same platform has compelled brands and businesses to use paid and organic posts on social media platforms and apps to drive traffic to their website.
Scope
This report provides in-depth, data-centric analysis of social commerce in Singapore. Below is a summary of key market segments:
Singapore Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
Singapore Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
• Singapore Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2019-2028
--Clothing & Footwear
--Beauty and Personal Care
--Food & Grocery
--Appliances and Electronics
--Home Improvement
--Others
• Singapore Social Commerce Industry Market Size and Forecast by End Use Segment, 2019-2028
--B2B
--B2C
--C2C
• Singapore Social Commerce Industry Market Size and Forecast by End Use Device, 2019-2028
--Mobile
--Desktop
• Singapore Social Commerce Industry Market Size and Forecast by Location, 2019-2028
--Domestic
--Cross Border
• Singapore Social Commerce Industry Market Size and Forecast by Location, 2019-2028
--Tier-1 Cities
--Tier-2 Cities
--Tier-3 Cities
• Singapore Social Commerce Industry Market Size and Forecast by Payment Method, 2019-2028
--Credit Card
--Debit Card
--Bank Transfer
--Prepaid Card
--Digital & Mobile Wallet
--Other Digital Payment
--Cash
• Singapore Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour,2021
--By Age
--By Income Level
--By Gender
To get detailed insights and FREE sample report please click here @
https://www.paynxt360.com/report-store/view/singapore-social-commerce-market-i-1383
Reason to buy
• In-depth Understanding of Social Commerce Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).
• Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate social commerce strategy; assess market specific key trends, drivers, and risks in the industry.
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PayNXT360 is a strategy research and consulting firm providing a business intelligence on BNPL, prepaid cards, digital & mobile wallets, embedded finance, digital lending, remittance, and innovative payment solutions. Through exhaustive databases and in-depth analyst reports, we offer detailed and unbiased insights into emerging opportunities and risks across global markets. For more information, please visit our website www.paynxt360.com
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