Social Commerce Market by Device and Geography - Forecast and Analysis 2020-2024

  • Published: Jul 2020
  • Pages: 120
  • SKU: IRTNTR43965
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The social commerce market size is expected to grow by USD 2051.49 billion and record a CAGR of 31% during 2020-2024.

This post-pandemic global social commerce market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this social commerce market analysis report, key drivers such as rising use of social media advertising have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Social Commerce Market Size be in 2020?

Social-Commerce-Market-Market-Size-2019-2024

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Who are the Key Vendors in the Social Commerce Market?

The social commerce market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies includng:

 

  • Alibaba Group Holding Ltd.
  • Etsy Inc.
  • Facebook Inc.
  • LinkedIn Corp.
  • PayPal Holdings Inc.
  • Pinterest Inc.
  • SINA Corp.
  • Tencent Holdings Ltd.
  • Twitter Inc.
  • Verizon Communications Inc.

 

The social commerce market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This social commerce market report further entails segmentations by Device (Laptops and PCs, Mobiles, Tablets, and Others) and Geography (APAC, North America, Europe, South America, and MEA). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Social Commerce Market?

Social-Commerce-Market-Market-Share-by-Region-2019-2024

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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the social commerce market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The technological advancements in social media will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

52% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for social commerce market in the region. This report provides estimations of the contribution of all regions to the growth of the social commerce market size.

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What are the Key Factors Covered in this Social Commerce Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive social commerce market growth during the next five years
  • Precise estimation of the social commerce market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the social commerce market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of social commerce market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The social commerce market growth will increase by $2051.49 billion during 2019-2024.
The social commerce market is expected to grow at a CAGR of 30.83% during 2019-2024.
Technavio has segmented the social commerce market by device (Laptops and PCs, Mobiles, Tablets, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
Alibaba Group Holding Ltd., Etsy Inc., Facebook Inc., LinkedIn Corp., PayPal Holdings Inc., Pinterest Inc., SINA Corp., Tencent Holdings Ltd., Twitter Inc., Verizon Communications Inc. are a few of the key vendors in the social commerce market.
APAC will register the highest growth rate of 52.06% among the other regions. Therefore, the social commerce market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the social commerce market growth are:
  • Social commerce platforms offer a personalized shopping experience and diverse product portfolios
The social commerce market vendors should focus on grabbing business opportunities from the laptops and pcs segment as it accounted for the largest market share in the base year.
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