Social Commerce Market is projected to grow at a CAGR of 30.8% from 2022 to 2030
Social Commerce Industry Overview The global social commerce market size is anticipated to reach USD 6.2 trillion by 2030, growing at a CAGR of 30.8% from 2022 to 2030, according to a new study by Grand View Research Inc. Growing ease of online buying is considered to be a significant factor driving the social commerce demand. Combining entertainment with immediate purchasing, social commerce is providing brands, retailers, and digital platforms a new medium with enormous scope for creating value. Social Commerce Market Segmentation Grand View Research has segmented the social commerce market on the basis of business model, product type, platform/sales channel, and region: Based on the Business Model Insights, the market is segmented into Business to Consumer (B2C), Business to Business (B2B) and Consumer to Consumer (C2C). The B2C segment dominates with a market share of 54.4% in 2021 and is expected to grow at a significant growth rate during...