Dublin, March 13, 2023 (GLOBE NEWSWIRE) -- The "Social Commerce: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Social Commerce estimated at US$992.4 Billion in the year 2022, is projected to reach a revised size of US$8.5 Trillion by 2030, growing at a CAGR of 30.7% over the analysis period 2022-2030.
B2C, one of the segments analyzed in the report, is projected to record a 31.9% CAGR and reach US$5.2 Trillion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the B2B segment is readjusted to a revised 29.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $66 Billion, While China is Forecast to Grow at 33.5% CAGR
The Social Commerce market in the U.S. is estimated at US$66 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.7 Trillion by the year 2030 trailing a CAGR of 33.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23% and 24.2% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 25.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Trillion by the year 2030.
Select Competitors (Total 123 Featured) -
- Alibaba Group Holding Limited
- eBay Inc.
- Etsy, Inc.
- Facebook, Inc.
- IMS Internet Media Services, Inc.
- iQIYI
- LinkedIn Corporation
- Meesho Inc.
- PayPal Holdings, Inc.
- Pinterest, Inc.
- Poshmark, Inc.
- Reddit Inc.
- Renren Inc.
- SINA Corporation
- Tencent Holdings Ltd.
- Tumblr, Inc.
- Twitter, Inc.
- Verizon Communications Inc.
- Yahoo!, Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 442 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $992.4 Billion |
| Forecasted Market Value (USD) by 2030 | $8500 Billion |
| Compound Annual Growth Rate | 30.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Social Commerce - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- The Growing Role of Social Media in Marketing Opens the Pathway for Social Commerce
- Social Media Platforms Are the Cheapest Among Advertising Platforms: Average Cost Incurred to Reach 2000 Audience (In US$) by Type of Advertising Medium As of the Year 2021
- Social Media Marketing Gains Higher Grounds in the World of Digital Advertising: Social Network Ad Spending in the U.S. Presented as a % of Total Digital Ad Spending for the Years 2016, 2018, 2020 and 2022
- The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
- These are Times When Questions Abound & Answers Are Few
- So How Fast Or Slow Are We Moving?
- How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Percentage (%) of Population Administered With Vaccines in Advanced Economies, Emerging Markets, and Low-Income Countries As of July 2021
- How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
- Split Scenarios Unfold: The Great Vaccine Divide Emerges
- Time is of Essence! What We Know So Far - "Vaccine Efficiency Against New Strains is Decreasing"
- Progress on Vaccinations, Why Should Businesses Care?
- With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
- A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants, Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
- Overview of Social Commerce, Its Benefits and Significance
- Recent Market Activity
- Innovations
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Internet Infrastructure, the Catalyst for Digitalizing Consumer Lifestyles Including Digital Social Presence
- Households With Fiber Connectivity Are No Strangers to Social Media Networking: Global Market for Fiber-to-the-Home/Building (FTTH/B) (In US$ Million) for Years 2021, 2023, 2025, and 2027
- Mobile Computing Devices Are a Ubiquitous Indicator of Modern Digital Life
- Changing Consumer Mobile Usage Habits Beyond Just Voice Communication Encourage the Social Commerce Concept
- Smartphones, Tablets & Laptops Enable Social Networking On the Move, Making Social Commerce More Pervasive, Omnipresent & Hard to Beat: Global Annual Sales of Smartphones, Tablets, Laptops & Desktop PCs (In Million Units) for Years 2010, 2015, 2020 and 2025
- Spiraling Mobile Broadband Subscriptions Bode Well for Social Commerce
- With Mobility On the Rise, Social Commerce is Set to Explode: Global Number of Mobile Subscribers (In Billion) for Years 2018 Through 2023
- The Future of 5G is Unquestioned: 5G Contribution to GDP in Select Countries by 2030 (In US$ Billion)
- As a Powerful Communication Medium, Here's Why Vendors & Advertisers Cannot Ignore Social Media
- With a Powerful Global Presence & Reach, Social Media Platforms Are Vital for Brands to Ensure Consistent Audience Growth: Global Number of Social Media Users (In Billion) for Years 2017, 2019, 2021, 2023, 2025
- This Is Why Vendors Should Care About Social Commerce: % of Social Media Users by Use Frequency as of the Year 2021
- The Rise of e-Commerce Catalyzed by the Pandemic Shifts Growth Into High Gear in the Social Commerce Market
- Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
- Retail M-Commerce Sales as % of Retail E-commerce Sales Worldwide for the Years 2016, 2018, 2020 & 2022
- Pandemic Fast Forwards eCommerce Growth
- Vital Role of Social Commerce in an eCommerce Strategy
- Artificial Intelligence Emerges to Revolutionize Digital & Social Commerce
- Augmented Reality & Virtual Reality Emerge to Revolutionize Social Commerce
- Blockchain Benefits in Social Media & Social Commerce
- Security & Privacy Concerns & Legal Issues: The Biggest Challenges for Social Commerce
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/nknvdc
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
