Social Commerce Market size was valued at US$ 950 Bn. in 2023 and the revenue is expected to grow at 28% through 2024 to 2030, reaching nearly US$ 5348.02 Bn.
Social Commerce Market Overview
Stellar Market Research, an Social Commerce business research firm has published a report on the “Social Commerce Market”. As per the “Social Commerce report,” the total market for Social Commerce Market was USD 950 Bn. in 2023 and is expected to reach USD 5348.02 Bn. by 2030.
Social Commerce Market Report Scope and Research Methodology
The research objective of the Social Commerce Market is to provide comprehensive insights into the market dynamics and market trends shaping the industry landscape.The report accurately outlines the market's current dimensions, growth patterns, size, and the nuanced trends that use significant influence.
Utilises publicly available sources such as company annual reports, press releases, industry journals, government databases, and proprietary databases to gather existing data and validate primary research findings.Data collection involves primary sources such as interviews with industry experts and secondary sources like market reports. Analysis includes understanding market size, trends, growth factors, and competition, using both quantitative tools and qualitative insights. The reports also forecast future trends and opportunities using statistical models, considering advancements in technology and regulatory influences. This approach aims to provide a comprehensive understanding of the Market
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Social Commerce Market Regional Insights
The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.The Regional Analysis used in the report to understand the Social Commerce market status in various countries. The Social Commerce market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Social Commerce Market Segmentation
By Business Model, in 2023, the Business to Consumer (B2C) segment dominated the social commerce market, making up more than 50% of the total revenue. B2C social commerce platforms provide many tools and features to help businesses advertise and sell their products directly to consumers.
By device type, mobile dominates in the Social Commerce use by device market. Social media apps like Instagram, Facebook, Pinterest and TikTok attract a large part of the online population every day, especially millennials and Gen Z—the first generations to grow up with digital technology. In 2023, more than half of millennials and Gen Z preferred social media on mobile device when looking for international brands.
By Business Model
Business to Consumer (B2C)
Business to Business (B2B)
Consumer to Consumer (C2C)
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
By Device Type
Smartphone
Laptop
Tablets
For a comprehensive overview of this study, navigate to: https://www.stellarmr.com/report/Social-Commerce-Market/1583
Social Commerce Market Key Players
eBay
Facebook
Twitter
Pinterest
PayPal
Instagram
Verizon Communications Inc.
Poshmark Inc.
Etsy Inc
Poshmark Inc.
Amazon
Flipkart
Myntra
Meesho
Shopclues
Souled Store
Snapdeal
Payments Private Limites
Tata CLiQ
Taobao
Reddit Inc.
SINA Corp.
Alibaba Group Holding Limited
Douyin (TikTok, ByteDance)
Key questions answered in theSocial Commerce Market are:
- What is Social Commerce?
- What was the Social Commerce market size in 2023?
- What is the growth rate of the Social Commerce Market?
- Which are the factors expected to drive the Social Commerce market growth?
- What are the different segments of the Social CommerceMarket?
- What growth strategies are the players considering to increase their presence in Social Commerce?
- What are the upcoming industry applications and trends for the Social Commerce Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Social Commerce Market?
- What segments are covered in the Social Commerce Market?
- Who are the leading companies and what are their portfolios in Social Commerce Market?
- What segments are covered in the Social Commerce Market?
- Who are the key players in the Social Commerce market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- 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
- Recommendations
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About Stellar Market Research:
Stellar 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.
Contact Stellar Market Research:
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