Press release
Global Social Commerce Market Valued at USD 950 Billion in 2023, Projected to Surge to Nearly USD 5,348.02 Billion by 2030 with a 28% CAGR, Reports Stellar Market Research
Social Commerce Market
๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ 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.
๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Social commerce is a rapidly evolving sector where consumers can discover products and make purchases directly through social media and content creation platforms, all within a single application. This integrated shopping experience simplifies the purchasing process, enhances customer engagement, and offers businesses innovative ways to attract consumers.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/Social-Commerce-Market/1583
๐๐ก๐๐ญ ๐๐ซ๐ ๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ?
Key Drivers of Social Commerce
Mobile Connectivity: Widespread use of smartphones and advancements in mobile connectivity, including the rollout of 5G, enable users to engage in social commerce effortlessly from anywhere.
Personalization and Targeted Advertising: Enhanced targeting capabilities allow businesses to deliver personalized ads and offers, increasing the likelihood of consumer engagement and conversions.
Rise of Influencer Marketing: Influencers play a significant role in driving social commerce by promoting products to their followers, creating trust, and encouraging purchases.
Increasing Social Media Usage: As social media platforms continue to grow, they become central hubs for social commerce, where users can explore and buy products without leaving the app.
Advanced Technologies:
Artificial Intelligence (AI): Used for improving customer experience by offering personalized recommendations and enhancing user interactions.
Machine Learning (ML): Helps analyze customer data to understand purchasing behavior and optimize marketing strategies.
Augmented Reality (AR): Provides interactive experiences, such as virtual try-ons, enhancing the online shopping experience.
Recent Trends in Social Commerce
Live Streaming: Allows customers to view live product demonstrations, ask questions in real time, and make purchases directly during the broadcast.
E-commerce Integration: Direct payment options within social media platforms streamline the buying process, reducing friction and increasing conversions.
Impulsive Buying: The ease of access and seamless shopping experiences, especially for Gen-Z and millennials, drive spontaneous purchases.
Metaverse Exploration: Growing interest in virtual worlds and metaverse platforms is shaping new social commerce experiences, offering immersive shopping environments.
Advanced Technologies Driving Growth
5G Technology: Facilitates faster internet speeds and more reliable connections, which are crucial for the smooth operation of social commerce activities and mobile transactions. The global investment in 5G infrastructure is expected to exceed $550 billion from 2023 to 2025, significantly boosting the social commerce sector.
Augmented Reality (AR): AR features, such as virtual makeup try-ons, enhance consumer engagement by allowing users to visualize products in a virtual environment. Approximately 60% of digital buyers use social media to explore brands with the help of AR technology.
Private LTE/5G Networks: The rise of private wireless networks, expected to reach over 13,000 by 2026, supports the expansion and reliability of social commerce activities.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ?
The global social commerce market benefits from the widespread adoption of social media and mobile technologies, with significant contributions from regions with high social media engagement and advanced digital infrastructure. The growing use of social commerce platforms and technologies across different regions underscores the sector's expansive potential and ongoing transformation.
Overall, the social commerce market is poised for substantial growth driven by technological advancements, increased social media usage, and evolving consumer behaviors.
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/Social-Commerce-Market/1583
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ?
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
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐๐ข๐๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
eBay
PayPal
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)
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/Social-Commerce-Market/1583
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Europe Home Care Packaging Market https://www.stellarmr.com/report/Europe-Home-Care-Packaging-Market/228
Asia Pacific Paper Packaging Market https://www.stellarmr.com/report/Asia-Pacific-Paper-Packaging-Market/234
Middle East and Africa Carbon Neutral Market https://www.stellarmr.com/report/Middle-East-and-Africa-Carbon-Neutral-Market/197
Europe Carbon Neutral Market https://www.stellarmr.com/report/Europe-Carbon-Neutral-Market/207
Asia Pacific Carbon Neutral Market https://www.stellarmr.com/report/Asia-Pacific-Carbon-Neutral-Market/209
South America Carbon Neutral Market https://www.stellarmr.com/report/South-America-Carbon-Neutral-Market/215
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
๐๐๐จ๐ฎ๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include 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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