Dublin, April 13, 2023 (GLOBE NEWSWIRE) -- The "Social Commerce Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global social commerce market grew from $534.03 billion in 2022 to $565.83 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The social commerce market is expected to grow to $689.56 billion in 2027 at a CAGR of 5.1%.
The increase in social media usage is expected to propel the growth of the social commerce market in the forecast period. People are increasingly using social media platforms including Youtube, Facebook, and Instagram for multiple purposes.
Big data technology is a key trend gaining popularity in the social commerce market. Big data is used as a software tool for processing, analyzing, and extracting large data. Big data technology in social commerce helps e-commerce companies in improving decision-making and enhancing their performance in operational processes. Big data resources are becoming more accessible to people and this also helps to detect fraudulent behavior in businesses. For example, in 2020, Amazon, a social commerce company based in the United States is using big data technology to transform operational processes and to monitor shipping details and personal information of the customers.
In July 2021, Klarna, a Sweden-based financial company acquired APPRL for a deal amount of $1 billion. With this acquisition, Klarna expects to expand its portfolio in the social commerce market and to create a unique shopping experience for the customers. APPRL is a Sweden-based social commerce company.
North America was the largest region in the social commerce market in 2022. Europe was the second-largest region in the social commerce market. The regions covered in the social commerce report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the social commerce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Scope
Markets Covered:
1) By Product Type: Personal And Beauty Care; Apparel; Accessories; Home Products; Health Supplements; Food And Beverage; Other Products
2) By Device Type: Laptops And PCs; Mobiles; Other Devices
3) By Bussiness Model: B2C; B2B; C2C
4) By End User: Individual; Commercial
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $565.83 billion |
| Forecasted Market Value (USD) by 2027 | $689.56 billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Social Commerce Market Characteristics
3. Social Commerce Market Trends And Strategies
4. Social Commerce Market - Macro Economic Scenario
4.1 COVID-19 Impact On Social Commerce Market
4.2 Ukraine-Russia War Impact On Social Commerce Market
4.3 Impact Of High Inflation On Social Commerce Market
5. Social Commerce Market Size And Growth
5.1. Global Social Commerce Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Social Commerce Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Social Commerce Market Segmentation
6.1. Global Social Commerce Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Personal And Beauty Care
- Apparel
- Accessories
- Home Products
- Health Supplements
- Food And Beverage
- Other Products
6.2. Global Social Commerce Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Laptops And PCs
- Mobiles
- Other Devices
6.3. Global Social Commerce Market, Segmentation By Bussiness Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- B2C
- B2B
- C2C
6.4. Global Social Commerce Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Individual
- Commercial
7. Social Commerce Market Regional And Country Analysis
7.1. Global Social Commerce Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Social Commerce Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
A selection of companies mentioned in this report includes
- Etsy Inc.
- Poshmark Inc.
- Paypal Payments Private Limited
- iQIYI
- Sina Corporation
- Microsoft Corporation
- Twitter Inc.
- Alibaba China Co Ltd
- Fabulous
- Renren Inc.
- Tencent Holdings Ltd.
- Weibo Corporation
- Yahoo!
For more information about this report visit https://www.researchandmarkets.com/r/gigfzf
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