The global demand for Social Commerce Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Social commerce is a type of electronic commerce (e-commerce) that involves the use of social media platforms to facilitate the buying and selling of goods and services. In social commerce, social media platforms such as Facebook, Instagram, and Pinterest are used as the primary platform for buying and selling products or services. Social commerce is different from traditional e-commerce because it leverages the power of social media networks to drive sales and revenue. Social media platforms offer features such as shoppable posts, product tagging, and in-app checkout, which make it easier for users to discover, explore, and purchase products without leaving the platform.
The widespread adoption of social media platforms is one of the primary drivers of social commerce. As more people spend time on social media platforms, businesses are leveraging these platforms to reach new audiences and engage with customers in real time. The rise of mobile commerce is also driving the growth of social commerce. With more people using smartphones to browse and shop online, social commerce platforms that are optimized for mobile are becoming increasingly important for businesses. Social media platforms are highly influential in shaping consumer behaviour. The social proof provided by likes, shares, and comments on social media can greatly impact purchasing decisions, making social commerce a powerful tool for businesses. Social commerce platforms allow businesses to personalize the shopping experience for each individual customer. This can include personalized recommendations, targeted advertising, and tailored content, which can improve the overall customer experience and drive sales. Many e-commerce platforms are integrating with social media platforms to make social commerce more accessible and convenient for businesses. This integration allows businesses to manage their social media presence and e-commerce activities from a single platform, streamlining their operations and improving their overall efficiency.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of social commerce. The growth and trends of social commerce industry provide a holistic approach to this study.
This section of the social commerce market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Business Model
By Product Type
- Business To Consumer (B2C)
- Business To Business (B2B)
- Consumer To Consumer (C2C)
By Platform/Sales Channel
- Personal & Beauty Care
- Home Products
- Health Supplements
- Food & Beverage
- Video Commerce (Live Stream + Prerecorded)
- Social Network-Led Commerce
- Social Reselling
- Group Buying
- Product Review Platforms
This section covers the regional outlook, which accentuates current and future demand for the Social Commerce market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Social Commerce Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the social commerce market include Etsy, Inc., Fashnear Technologies Private Limited (Meesho), Meta Platforms, Inc. (Facebook), Pinduoduo Inc., Pinterest, Inc., Poshmark, Roposo, Snap, Inc., Taobao, TikTok (Douyin), Trell Shop, Twitter, Inc., WeChat (Weixin), Xiaohongshu, Yunji Sharing Technology Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.