Social Commerce Market (2021-2026): Global Size, Share, Trends, Analysis & Research Report
According to the latest report by IMARC Group, titled “Social Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global social commerce market exhibited double-digit growth during 2015-2020. Looking forward, IMARC Group expects the global social commerce market to grow at a CAGR of around 25% during 2021-2026. Social commerce refers to a platform that is predominantly integrated with ratings, online communities, post shares, social advertising, online stores, etc., for facilitating direct interaction between sellers and buyers. It offers a personalized shopping experience for consumers and aid in the online purchase of products and services. Several businesses are rapidly shifting towards e-commerce platforms for providing consistent audience growth, enhancing consumer engagement and traffic, developing brand loyalty, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The high internet connectivity and increasing penetration of smartphones are driving the utilization of social media platforms. This, in confluence with the emergence of online shopping websites, is currently driving the global market for social commerce. Numerous organizations are adopting social commerce platforms that help people connect with a business through two-way communication, thereby promoting the purchase of products and services. In the coming years, the rising integration of various advanced technologies, such as artificial intelligence (AI), big data, blockchain, etc., with social commerce platforms will continue to drive the global market.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- eBay
- Etsy Inc.
- Meesho Inc.
- PayPal Payments Private Limited
- Pinterest Inc.
- Poshmark Inc.
- Reddit Inc.
- Taobao (Alibaba Group Holding Limited)
- Twitter Inc.
- Verizon Communications Inc
Breakup by Business Model:
- Business to Consumer (B2C)
- Business to Business (B2B)
- Consumer to Consumer (C2C)
Breakup by Device Type:
- Laptops and PCs
- Mobiles
- Others
Breakup by Product Type:
- Personal and Beauty Care
- Apparels
- Accessories
- Home Products
- Health Supplements
- Food and Beverages
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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