Social Commerce Market Overviews
Maximize Market Research is an Social Commerce# research firm that has published a detailed analysis of the “Social Commerce Market”. MMR in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Social Commerce market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.
Social Commerce Market Scope and Methodology:
The size of the social commerce market was estimated to be worth USD 913.4 billion in 2023. From 2024 to 2030, the market's total revenue is predicted to increase at a compound annual growth rate (CAGR) of 31.60%, or close to USD 6243.9 billion.
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Social Commerce Market Regional Insights
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the majority of the Social Commerce market segments. The study includes a detailed analysis of the market size, growth rate, import and export by region, and other factors. The Social Commerce market status of the various countries featured in the research is provided by the Regional Analysis.
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Social Commerce Market Segmentation
by Business Model
Business to Consumer (B2C)
Business to Business (B2B)
Consumer to Consumer (C2C)
With over 55% of the total revenue generated by the social commerce market in 2023, the Business to Consumer (B2C) segment held the majority of the market share. B2C social commerce platforms provide a range of tools and resources to assist businesses in marketing and promoting their products to consumers. Services covered by the B2C business model include features like product listings, reviews, opinions, social media sharing options, and payment processing systems. Additionally, businesses can use these technologies to create engaging and immersive shopping experiences for potential customers, which can boost 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
The video commerce sector, which includes both live streamed and pre-recorded material, became the most popular sales channel in 2023 and 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 because it is captivating and holds the attention of viewers, hence lengthening their total viewing duration when live streaming. This strategy leads customers from comprehending a product to making a purchase while simultaneously captivating the audience and streamlining the decision-making process. Furthermore, live commerce employs features like chat capabilities or reaction indicators to easily blend quick product transactions with audience involvement. Because of this, social commerce businesses that use time-limited strategies have achieved an amazing 30% conversion rate—a number that can be up to 10 times greater than that.
by Device Type
Smartphone
Laptop
Tablets
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Social Commerce Market Key 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)
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Key questions answered in the Social 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 Commerce Market?
- 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?
- 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
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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