Report ID: UCMIR45E2231
U.S. Social Commerce Market Size, Share, Growth Analysis, By Business Model Outlook(B2C, B2B, C2C), By Product Type Outlook(Personal & Beauty Care, Apparel, Accessories, Home Products), By Platform/Sales Channel Outlook(Video Commerce (Live stream + Prerecorded), Social Network-led Commerce, Social Reselling, Group Buying), By Region/Country(Northeast, Southeast, Midwest, Southwest) - Industry Forecast 2024-2031
Report ID:
UCMIR45E2231 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
U.S. Social Commerce Market Insights
Market Overview:
In 2022, the social commerce market in the United States was valued at USD 89.11 billion, and it is projected to exhibit a compound annual growth rate (CAGR) of 29.2% from 2023 to 2030. This growth can be attributed to the increased time spent on social media platforms during the pandemic and the enhanced convenience for consumers in making purchases. Furthermore, the rising number of active buyers on various social media platforms like Facebook, Twitter, Inc., Reddit, and Taobao.com is expected to be a driving force behind the expansion of the U.S. social commerce industry in the coming years. The prolonged crisis has led to increased user engagement on social media, prompting businesses to invest more in advertising to reach a wider audience and expand their product offerings.
U.S. Social Commerce Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
U.S. Social Commerce Market Report Snapshots
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