Press release
Social Commerce Market: Mapping the Landscape of Digital Transactions (2024-2030)
Social Commerce Market
In a groundbreaking shift, the Social Commerce Market is poised to transform the global shopping landscape, with the market size reaching an unprecedented USD 913.4 Billion in 2023 and a staggering expected growth at a CAGR of 31.60% from 2024 to 2030, reaching nearly USD 6243.9 Billion.
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Social Commerce Market Report Scope and Research Methodology:
The research provides Social Commerce Market insights to industry stakeholders, explaining complex statistics in simple terms, and covering the industry's history, current status, and expected size and trends. The report analyses all industry segments, with a focus on key companies, including market leaders, followers, and new entrants. Each region receives a detailed PESTLE analysis. The report serves as an investor's guide, offering a comprehensive view of the competitive landscape of key companies in the Social Commerce Market, covering goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence.
Social Commerce Market Segmentation:
by Business Model
Business to Consumer (B2C)
Business to Business (B2B)
Consumer to Consumer (C2C)
In 2023, the Business to Consumer (B2C) segment accounted for over 55% of the total revenue generated by the social commerce market, holding the majority market share based on business model. B2C social commerce platforms provide a range of tools and resources to help companies market and advertise their goods to customers. Features like product listings, reviews, opinions, social media sharing options, and payment processing systems are examples of services provided under the B2C business model. Additionally, companies can use these technologies to give prospective customers engaging and enjoyable shopping experiences, which will increase sales and customer retention.
by Product Type
Personal and Beauty Care
Apparel
Accessories
Home Products
Health Supplements
Food and Beverage
Others
by Platform/Sales Channel
Video Commerce (Live stream + Prerecorded)
Social Network-led Commerce
Social Reselling
Group Buying
Product Review Platforms
In terms of Platform/Sales Channel, live streaming and pre-recorded content together made up the video commerce segment in 2023. This segment is predicted to continue to dominate the social commerce market for the duration of the forecast. Particularly with regard to live commerce, it is noteworthy that it is captivating and holds the attention of viewers, thereby lengthening their total viewing duration when live streaming.
by Device Type
Smartphone
Laptop
Tablets
For additional insights into this study, please refer to: https://www.maximizemarketresearch.com/request-sample/122249
Social Commerce Market Key Players are:
North America Social Commerce Market Top Players:
1. eBay (USA)
2. Facebook (USA)
3. Twitter (USA)
4. Pinterest (USA)
5. PayPal (USA)
6. Instagram (USA)
7. Verizon Communications Inc. (USA)
8. Poshmark Inc. (USA)
9. Etsy Inc (USA)
10. Poshmark Inc. (USA)
11. Amazon (USA)
Asia Pacific Social Commerce Market Top Players:
1. Flipkart (India)
2. Myntra (India)
3. Meesho (India)
4. Shopclues (India)
5. Souled Store (India)
6. Snapdeal (India)
7. Payments Private Limites (India)
8. Tata CLiQ (India)
9. Taobao (Alibaba Group Holding Limited)
10. Reddit Inc. (India)
11. SINA Corp. (China)
12. Alibaba Group Holding Limited (China)
13. Douyin (TikTok, ByteDance) ( China)
Key questions answered in Social Commerce Market are:
What is Social Commerce?
What are the recent industry trends that can be implemented to generate additional revenue streams for Social Commerce Market?
Which factors are the lucrative opportunities for the Social Commerce Market growth?
Which factors are limiting the scope of Social Commerce Market?
How is the intervention from regulatory authority is shaping the Social Commerce Market?
What growth strategies are the key players considering to increase their presence in Social Commerce Market?
Speak to an analyst and add your personal touch to the report: https://www.maximizemarketresearch.com/request-sample/122249
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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