Global Social Commerce Market size was valued at US$ 252.3 Bn. in 2020 and the total revenue is expected to grow at CAGR 28.93% through 2021 to 2027, the Social Commerce Market is reaching nearly US$ 1494.15 Bn.
Social Commerce Market Overview:
This report discusses the market growth drivers and obstacles for the manufacturer, as well as a review of the significant trends in the market's business strategies, procedures, and financially sound and expand approach. Customization is also possible to meet the needs of individual customers, as well as a complete understanding of market potential. The Social Commerce Market provides a comprehensive overview of the market's competitive landscape and main merchants. This report can assist with structural planning in light of current industry conditions.
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Market Scope:
According to the forecast period 2021-2027, the Social Commerce market is expected to grow at a steady rate of xx % between 2021 and 2027. The market is estimated to increase in the forecast period of 2021, as key industry players continue to complete projects.
This report includes a value-based analysis and forecast for the Social Commerce market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Social Commerce Market is included in this report. Social Commerce Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Social Commerce market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Social Commerce Global market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Social Commerce Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Social Commerce Market Segmentation:
Based on the Business Model, the Social Commerce Market is segmented into Business to Consumer (B2C), Business to Business (B2B), and Consumer to Consumer (C2C).
The Business to Consumer (B2C) segment held the largest market share accounted for 53.6% in 2020. The B2C model eliminates the third-party client and makes business administration easier. Consumers can view, choose, and order a product while comparing the same-basis evaluations by other users on Social Commerce sites. The business-to-consumer model does not involve an intermediary, customers can obtain products at a low cost. These are some factors, driving the Social Commerce growth for this segment.
The business to Business (B2B) segment held a market share of 29% in 2020. Companies use this type of Social Commerce website as a platform to offer products or services to another company.
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Social Commerce Market Key Players:
• Facebook
• Etsy, Inc.
• Fab
• PayPal Payments
• Pinterest
• Poshmark, Inc.
• Reddit Inc.
• SINA Corp.
• Taobao
• Twitter, Inc.
• Alibaba (China) Co., Ltd.
• iQIYI
• LinkedIn Corporation
• Renren, Inc.
• Tencent - Qzone
• Tencent Holdings Ltd.
• Tumblr, Inc.
• Weibo Corporation
• Yahoo!, Inc.
Regional Analysis:
The Social Commerce market is organized into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
COVID-19 Impact Analysis on Social Commerce Market:
The globe has reached the end of the COVID-19 pandemic's recovery phase. In light of the current economic scenario, Maximize Industry Research has launched the Social Commerce Market Status, Trends, and COVID-19 Impact Report 2021, which provides a comprehensive look at the Social Commerce market.
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