Global Social Commerce Market

Social Commerce Market Size, Share, Growth Analysis, By Type(Personal & Beauty Care, Apparel, Accessories, Home Products), By Business Model(Business to Consumer (B2C), Business to Business (B2B), Consumer to Consumer (C2C)), By Platform/Sales Channel(Video Commerce (Live stream + Prerecorded), Social Network-led Commerce, Social Reselling, Group Buying), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45E2132 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 67 | Figures: 77

Social Commerce Market Competitive Landscape

The global social commerce market has witnessed significant growth in recent years, with a multitude of players vying for a share of this dynamic and expanding space. The competitive landscape is characterized by a mix of established e-commerce giants, social media platforms, startups, and niche players, all striving to leverage the convergence of social interaction and online shopping. At the forefront of the competitive landscape are e-commerce giants like Amazon and Alibaba, which have recognized the potential of social commerce and are integrating social features into their platforms. These companies have the advantage of large user bases and well-established e-commerce infrastructures, enabling them to offer seamless shopping experiences through social channels. Social media platforms such as Facebook, Instagram, and Pinterest are also key players in the social commerce ecosystem. They have introduced features like shoppable posts and integrated buy buttons, making it easier for users to discover and purchase products without leaving the platform. These platforms leverage their massive user engagement and data-driven targeting to provide a personalized shopping experience.

In addition to these industry giants, there is a vibrant ecosystem of startups and specialized social commerce platforms. Companies like Shopify, BigCommerce, and WooCommerce offer tools that enable businesses to set up their social commerce operations. They cater to small and medium-sized businesses looking to tap into the social commerce trend. Furthermore, influencer marketing and affiliate marketing networks have emerged as essential components of the social commerce landscape. Influencer platforms like TikTok and YouTube, in particular, are serving as effective channels for product promotion and driving sales. Brands collaborate with influencers to reach their engaged audiences and leverage their credibility to promote products and services. Localized and niche players also contribute to the competitive landscape, focusing on specific markets or niches within social commerce. These may include regional e-commerce players, boutique online marketplaces, or platforms catering to specific product categories.

Social Commerce Market Top Player’s Company Profiles

  • Facebook, Inc. (United States)
  • Flipkart Internet Private Limited (India)
  • Google LLC (United States)
  • Instagram, LLC (United States)
  • JD.com, Inc. (China)
  • Kakao Corp. (South Korea)
  • LinkedIn Corporation (United States)
  • Meituan Dianping (China)
  • Pinterest, Inc. (United States)
  • Rakuten, Inc. (Japan)
  • Shopify Inc. (Canada)
  • Snap Inc. (United States)
  • SSENSE (Canada)
  • Tencent Holdings Limited (China)
  • TikTok Inc. (China)
  • Twitter, Inc. (United States)
  • WeChat (China)
  • Xiaohongshu (China)
  • YouTube LLC (United States)

Social Commerce Market

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Global Social Commerce Market size was valued at USD 0.72 trillion in 2022 and is poised to grow from USD 0.95 trillion in 2023 to USD 8.97 trillion by 2031, at a CAGR of 32.34% during the forecast period (2024-2031).

Social Commerce Market Top Player’s Company Profiles 'Amazon.com, Inc. (United States)', 'Alibaba Group Holding Limited (China)', 'eBay Inc. (United States)', 'Facebook, Inc. (United States)', 'Flipkart Internet Private Limited (India)', 'Google LLC (United States)', 'Instagram, LLC (United States)', 'JD.com, Inc. (China)', 'Kakao Corp. (South Korea)', 'LinkedIn Corporation (United States)', 'Meituan Dianping (China)', 'Pinterest, Inc. (United States)', 'Rakuten, Inc. (Japan)', 'Shopify Inc. (Canada)', 'Snap Inc. (United States)', 'SSENSE (Canada)', 'Tencent Holdings Limited (China)', 'TikTok Inc. (China)', 'Twitter, Inc. (United States)', 'WeChat (China)', 'Xiaohongshu (China)', 'YouTube LLC (United States)'

Social commerce is being used by numerous enterprises to connect with current and potential clients. People's increased use of social media platforms—the typical individual spends more than two hours each day on them, according to studies—is one of several factors influencing this trend. The fact that these platforms allow users to make purchases in a more participatory way than traditional e-commerce platforms also make them useful marketing tools and a part of the reason why social media platforms are seeing a continuous rise in online buying. Social media networks have attracted a lot of attention in the previous 10 years and have seen a rapid growth in user numbers.

For the purpose of enhancing their service offerings, social commerce organisations are rapidly implementing AI and big data technology. Big data, a sizable collection of offline and online data, has developed into a useful tool for analysing historical trends and getting insightful knowledge into customer behaviour, resulting in higher levels of customer satisfaction. Big data integration with social commerce can give companies access to information that they can use to increase sales, attract new clients, and improve operational efficiency.

Asia-Pacific had a sizable market share and is anticipated to expand at a CAGR of 30.7% over the projection period. The rise of this region is mostly attributable to increasing investments in telecommunications infrastructure, the spread of the internet and smartphones, and the extensive usage of social media platforms like Facebook, Instagram, and Twitter. Additionally, the growth of social media and smartphone use in nations like China is substantially in favor of regional market expansion.

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Global Social Commerce Market

Report ID: SQMIG45E2132

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