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2023 Social Commerce Market Research Analysis, Application And Forecast To 2032
Social Commerce Market
The Business Research Company's Social Commerce Global Market Report 2023 identifies increase in social media usage as the major driver for the Social Commerce market's growth in the forecast period. People are increasingly using social media platforms including Youtube, Facebook, and Instagram for multiple purposes. There is an increase in the usage of social media during COVID-19 times as people are not allowed to go out and even shopping and other marketing is done through social media.
The global social commerce market size will grow from $534.03 billion in 2022 to $565.83 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global social commerce market is expected to grow to $689.56 billion in 2027 at a CAGR of 5.1%.
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Major competitors in the Social Commerce market are Facebook, Pinterest, Etsy Inc., Poshmark Inc., Paypal Payments Private Limited, iQIYI, Sina Corporation, Microsoft Corporation, Twitter Inc., Alibaba China Co Ltd., Fabulous, Renren Inc., Tencent Holdings Ltd., Weibo Corporation, and Yahoo!
A key trend in the Social Commerce market includes Big data technology. Big data is used as a software tool for processing, analyzing, and extracting large data. Big data technology in social commerce helps e-commerce companies in improving decision-making and enhancing their performance in operational processes. Big data resources are becoming more accessible to people and this also helps to detect fraudulent behavior in businesses
Read More On The Global Social Commerce Market Report Here:
https://www.thebusinessresearchcompany.com/report/social-commerce-global-market-report
The Social Commerce market is segmented -
1) By Product Type: Personal And Beauty Care, Apparel, Accessories, Home Products, Health Supplements, Food And Beverage, Other Products
2) By Device Type: Laptops And PCs, Mobiles, Other Devices
3) By Bussiness Model: B2C, B2B, C2C
4) By End User: Individual, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Social Commerce market.
The Business Research Company's "Global Social Commerce Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Social Commerce Market Include:
1. Executive Summary
2. Social Commerce Market Characteristics
3. Social Commerce Market Trends And Strategies
4. Social Commerce Market - Macro Economic Scenario
5. Social Commerce Market Size And Growth
........
26. Africa Social Commerce Market
27. Social Commerce Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Social Commerce Market
29. Social Commerce Market Future Outlook and Potential Analysis
30. Appendix
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