The Social Commerce Industry in Argentina is Expected to Grow by 32.9% on Annual Basis to Reach US$1,436.8 million in 2022 - PayNXT360| Social Commerce Industry Market Size and Forecast by Payment Method| Ecommerce Industry Market Size and Future Growth D

According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in Argentina is expected to grow by 32.9% on annual basis to reach US$1,436.8 million in 2022.

The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 28.1% during 2022-2028. The social commerce GMV in the country will increase from US$1,436.8 million in 2022 to reach US$6,131.1 million by 2028.

While the major chunk of online shoppers still prefers buying through e-commerce platforms, the popularity of the social commerce business model is gaining ground in the country. According to PayNXT360's Q1 2022 Global Social Commerce Market Survey, nearly 7.5% of the consumers prefer buying through social commerce, whereas the number is more than 35% for e-commerce platforms. However, with the growing popularity of the social commerce industry in Latin America, PayNXT360 expects more and more consumers to adopt social commerce in the country over the next four to eight quarters.

Scope

This report provides in-depth, data-centric analysis of social commerce in Argentina. Below is a summary of key market segments:

Argentina Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

Argentina Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

• Argentina 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

• Argentina Social Commerce Industry Market Size and Forecast by End Use Segment, 2019-2028
¬--B2B
¬--B2C
¬--C2C

• Argentina Social Commerce Industry Market Size and Forecast by End Use Device, 2019-2028
¬--Mobile
¬--Desktop

• Argentina Social Commerce Industry Market Size and Forecast by Location, 2019-2028
¬--Domestic
¬--Cross Border

• Argentina Social Commerce Industry Market Size and Forecast by Location, 2019-2028
¬--Tier-1 Cities
¬--Tier-2 Cities
¬--Tier-3 Cities

• Argentina 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

• Argentina 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/argentina-social-commerce-market-i-1353

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

This release was published on openPR.