Press release
Global Live E-commerce Market to Reach $3870.77 Billion by 2029, Growing at 14.1% CAGR
What market dynamics are playing a key role in accelerating the growth of the live e-commerce market?The increasing internet penetration is expected to boost the live e-commerce market. As internet access increases, consumers can engage in real-time transactions via live streaming, enhancing the online shopping experience. In 2023, internet users in the UK grew by 224,000, according to Meltwater. This rise in internet penetration is fueling the growth of live e-commerce.
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How will the growth rate of the live e-commerce market shape industry trends by 2034?
The live e-commerce market will rise from $1,999.67 billion in 2024 to $2,286.55 billion in 2025 at a CAGR of 14.3%, supported by the growing influence of social media, digital shopping penetration, and the expansion of live-stream shopping experiences.
The live e-commerce market is forecasted to reach $3870.77 billion by 2029 at a CAGR of 14.1%. Growth is fueled by rising internet and smartphone penetration, growing demand for live shopping services, and the expansion of mobile commerce. Trends include technological advancements, integration with online shopping platforms, live-streaming features, consumer electronics connectivity, and mobile payment solutions.
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What trends are poised to drive the future success of the live e-commerce market?
Companies in live e-commerce are focused on developing new technologies like "shop the show" to improve user engagement and simplify the shopping experience. This technology enables viewers to directly purchase products featured in live broadcasts or events through their screens. For example, in April 2024, Amazon.com Inc., a US-based e-commerce company, launched the FAST Channel on Prime Video and Amazon Freevee. This feature integrates the "shop the show" technology, allowing customers to browse, shop, and interact with the content they are watching on TV using their mobile devices. The 24/7 channel offers programming from popular creators, celebrities, and brands, making it easy for customers to purchase products via the Amazon Shopping app.
Which primary segments of the live e-commerce market are driving growth and industry transformations?
The live e-commerce market covered in this report is segmented -
1) By Type: Domestic, Transboundary
2) By Device Type: Mobile, Computer, Tablet, Other Device Types
3) By Application: Clothes, Cosmetics, Daily Necessities, Food, Other Applications
Subsegments:
1) By Domestic: Local Live Streaming Platforms, Regional Online Retailers, In-country E-Commerce Live Events
2) By Transboundary: Cross-Border Live Streaming Platforms, International Online Retailers, Global E-Commerce Live Events
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Which geographical regions are pioneering growth in the live e-commerce market?
North America was the largest region in the live e-commerce market in 2024. The regions covered in the live e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the live e-commerce market landscape?
Major companies operating in the live e-commerce market are Amazon.com Inc., Google plc, Alibaba Group Holding Limited, Meta Platforms Inc., ByteDance Ltd., Kuaishou Technology, Sea Limited, Wayfair Inc., Qurate Retail Inc., MercadoLibre Inc., Under Armour, Flipkart Private Limited, Inly Media Co Ltd., Myntra Designs Pvt. Ltd., Yunji Inc., Gravy Solutions Inc., Mogu Inc, Bambuser AB, NTWRK Inc., Vee24 Inc., Livby Co Ltd, Roadget Business Pte. Ltd.
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What Is Covered In The Live E-commerce Global Market Report?
•Market Size Forecast: Examine the live e-commerce market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the live e-commerce market for a structured understanding.
•Key Players Overview: Analyze major players in the live e-commerce market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the live e-commerce market.
•Segment Contributions: Evaluate how different segments drive overall growth in the live e-commerce market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the live e-commerce market.
•Industry Challenges: Identify potential risks and obstacles affecting the live e-commerce market.
•Competitive Landscape: Review strategic developments in the live e-commerce market, including expansions, agreements, and new product launches.
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