Global Social Commerce Market Outlook, Opportunities And Strategies
Learn about the global social commerce market through The Business Research Company, which provides information on social commerce market size, social commerce market drivers and restraints, social commerce market players, the COVID-19 impact on the social commerce market, and more.
The global social commerce market is expected to grow from $449.36 billion in 2020 to $501.04 billion in 2021 at a compound annual growth rate (CAGR) of 11.5%. The change in trend of growth of the social commerce market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The social commerce market is expected to reach $792.69 billion in 2025 at a CAGR of 12.2%.
The increase in social media usage is expected to drive innovation in social commerce, thus driving the market during the forecast period.
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The social commerce market consists of sales of social commerce services by entities (organizations, sole traders, and partnerships) that are used for promoting and selling products or services. Social commerce is the incorporation of e-commerce and social media which is used for buying or selling goods or services directly within a social media platform such as Facebook and Instagram.
Global social commerce market segments include:
By Product Type: Personal And Beauty Care, Apparel, Accessories, Home Products, Health Supplements, Food And Beverage, Others
By Device Type: Laptops And PCs, Mobiles, Others
By Business Model: B2C, B2B, C2C
By End User: Individual, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the social commerce market in 2020.
Big data technology is a key trend gaining popularity in the social commerce market. 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.
TBRC’s social commerce market report covers:
Major Market Players: 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!.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Social Commerce Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides social commerce market overviews, analyzes and forecasts market size, share, social commerce market players, social commerce market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s social commerce market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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