PRESS RELEASE
Published October 16, 2023
Infinity Business Insights, a dynamic leader in the world of digital commerce and social media, is delighted to announce the emergence and potential of the Social Purchasing Market.
In today’s digital landscape, social media platforms have become hubs of commercial activity, driving the evolution of how consumers make purchasing decisions and engage with brands. The Social Purchasing Market is a transformative force, providing a new dimension to online shopping.
Infinity Business Insights, a prominent leader in market research and analysis, is thrilled to announce the release of its much-anticipated Global Social Purchasing Market Report. This comprehensive report marks a significant milestone in delivering essential insights to industry professionals and businesses operating in this dynamic sector.
The Global Social Purchasing Market Report stands as a testament to our commitment to providing actionable business intelligence that fuels informed decision-making. In a rapidly evolving marketplace, this report offers an indispensable resource for understanding the present landscape and preparing for the future.
According to Infinity Business Insights research, during the projected period, the global Social Purchasing Market is expected to reach US$ 920.35 Billion by 2030, expanding at an impressive CAGR of 33.7% over the period of 2023 to 2030.
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The Social Purchasing Market is experiencing significant growth and innovation, reshaping the way consumers make purchasing decisions. This dynamic market leverages the power of social media and technology to connect consumers, businesses, and causes, enabling more meaningful and socially responsible shopping experiences.
Social purchasing platforms and initiatives allow consumers to make informed choices, support ethical and sustainable brands, and contribute to charitable causes through their everyday shopping.
Prominent Key Players of Social Purchasing Market:
- Kupivip
- Living Social
- Milyoni
- Moontoast
- Payvment
- Ecwid
- Ghigg
- Groupon
- Beachmint
- 3dcart
- 8th Bridge
- Adgregate Markets
- Privalia
- Instagram
- Facebook
- Twitter
- Pinterest
Key Market Highlights:
- The Power of Social Commerce: Social media platforms are increasingly becoming shopping destinations, with the integration of shopping features such as shoppable posts and in-app purchasing. This blurs the lines between social networking and e-commerce.
- Influencer-Driven Shopping: Influencers and content creators play a crucial role in guiding consumer choices, as their recommendations and endorsements carry significant weight in the purchasing decisions of their followers.
- User-Generated Content: User-generated content, such as reviews, recommendations, and images shared by customers, is shaping brand credibility and influencing the choices of prospective buyers.
- Real-Time Engagement: Social Purchasing allows real-time interactions between consumers and brands. It fosters direct communication, immediate customer support, and personalized recommendations.
- Global Reach: The Social Purchasing Market transcends geographical boundaries, enabling businesses to reach and engage with a global audience through social media platforms.
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Scope of the Report: Navigating the Insights
- Market Overview and Trends: The report provides a panoramic view of the global Social Purchasing market, delving into the historical trends, present state, and future projections. This section explores the market’s size, growth rate, and key driving factors that shape its trajectory.
- Segment Analysis: The report provides a detailed breakdown of the Social Purchasing market by product type, application, and region, offering insights into the key factors driving demand within each segment.
- Technological Advancements: The report dissects the impact of technological innovations on the Social Purchasing From AI-driven diagnostics to IoT-enabled healthcare devices, this section uncovers the transformative potential of emerging technologies.
- Growth Opportunities: The report identifies emerging opportunities in the Social Purchasing market and assesses the potential for growth, helping businesses capitalize on new avenues for expansion.
- Regulatory Landscape: The report outlines the regulatory framework governing the Social Purchasing market, providing insights into compliance requirements, potential regulatory changes, and their implications.
Social Purchasing Market by Segmentation:
Market Segment by Type:
- Advertising/SEO
- Consulting Companies
- Software Provider
- Social Commerce Platform
Market Segment by Application
- Entertainment
- Food & Beverages
- Retail & Clothing
- Travel
- Others
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Table of Contents: Global Social Purchasing Market Analysis
- Executive Summary
- Summary of Key Findings
- Market Overview
- Trends and Insights
- Regional Highlights
- Introduction
- Research Methodology
- Scope and Objectives
- Report Structure
- Market Overview
- Market Definition and Segmentation
- Historical Market Size and Growth
- Current Market Size and Forecast
- Market Dynamics
- Key Market Drivers and Challenges
- Changing Consumer Preferences
- Technological Advancements
- Regulatory Considerations
- Sustainability Challenges
- Trends and Innovations
- Natural and Sustainable Skincare Solutions
- Personalized Skincare Products
- Advanced Ingredients and Formulations
- Digital Influence and Online Platforms
- Emerging Trends
- Microbiome Skincare
- Blue Light Protection Products
- CBD-Infused Skincare
- Waterless Formulations
- Digital Influence and Consumer Behaviour
- Impact of social media and Influencers
- E-commerce and Online Purchasing Patterns
- Regional Insights
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Key Players and Brands
- Company Profiles
- Product Portfolios
- Future Outlook
- Anticipated Market Trends
- Growth Opportunities
- Challenges and Considerations
- Conclusion
- Appendix
- Glossary of Terms
- List of Abbreviations
- References
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