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Global Social Commerce Market to Reach US$2.9 Trillion by the Year 2026

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New York, Nov. 05, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Social Commerce Industry” – https://www.reportlinker.com/p05960121/?utm_source=GNW
The use of social media in marketing is growing, driven by the enormous potential social media platforms have in digitally promoting, marketing and selling products online and providing companies access to a large audience that they otherwise would not have been able to reach with other means. After over a decade and half after its emergence, social commerce is rampant on social media sites that with their inspirational and entertaining content make a product profitable. The fast changing consumer mobile usage habits continue to foster growth in the electronic commerce, mobile commerce and social commerce markets. Enormous growth in adoption of 4G enabled smartphones, expanding deployment of 4G networks, and subsequent rise in number of people accessing online multimedia content over mobile handsets are also boosting market prospects for online shopping and social commerce. Spiraling global sales of smartphones coupled with widespread consumer acceptance of Mobile value added services (M-VAS), such as, Mobile Internet browsing, mobile games, mobile social networking, mobile music, mobile payments, mobile wallet, mobile learning, and mobile Location-Based-Services (LBS), bode well for social commerce. Social commerce is advancing with the addition of advanced technologies (for instance Augmented Reality) that allows shoppers to visualize themselves wearing the clothing items they wish to purchase and also solicit feedback using social media tools. The rise of e-commerce catalyzed by the pandemic is expected to boost market prospects in the coming years.

Amid the COVID-19 crisis, the global market for Social Commerce estimated at US$559.7 Billion in the year 2020, is projected to reach a revised size of US$2.9 Trillion by 2026, growing at a CAGR of 30.8% over the analysis period. B2C, one of the segments analyzed in the report, is projected to grow at a 31.9% CAGR to reach US$2.2 Trillion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the B2B segment is readjusted to a revised 29.6% CAGR for the next 7-year period. This segment currently accounts for a 32.6% share of the global Social Commerce market.

The U.S. Market is Estimated at $51.2 Billion in 2021, While China is Forecast to Reach $1.5 Trillion by 2026

The Social Commerce market in the U.S. is estimated at US$51.2 Billion in the year 2021. The country currently accounts for a 6.9% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.5 Trillion in the year 2026 trailing a CAGR of 34% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.2% and 24.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 25.4% CAGR while Rest of European market (as defined in the study) will reach US$1.9 Trillion by the end of the analysis period. E-commerce market witnessed a huge increase in First Time Users (FTUs) in several parts of Asia, Latin America and the Middle East & Africa, and also in North America and Europe as many people embraced the concept of online retail in place of traditional shopping. As social distancing norms remained relevant for almost the entirety of 2020, the online retail stores experienced a huge surge during the year. Widespread roll out of 4G LTE networks, increased penetration of smartphones, and robust promotion of e-commerce on social media platforms have been instrumental in promoting growth in these regions.

C2C Segment to Reach $280.3 Billion by 2026

In the global C2C segment, USA, Canada, Japan, China and Europe will drive the 24.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$46.3 Billion in the year 2020 will reach a projected size of US$257.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$34.3 Billion by the year 2026, while Latin America will expand at a 28% CAGR through the analysis period.
Select Competitors (Total 123 Featured)

  • Alibaba (China) Co., Ltd.
  • Etsy, Inc.
  • Fab.com
  • Facebook, Inc.
  • iQIYI
  • LinkedIn Corporation
  • PayPal
  • Pinterest
  • Reddit, Inc.
  • Renren, Inc.
  • Tencent
    Qzone
  • Tencent Holdings Ltd.
  • Tumblr, Inc.
  • Twitter, Inc.
  • Weibo Corporation
  • Yahoo!, Inc.

Read the full report: https://www.reportlinker.com/p05960121/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
The Growing Role of Social Media in Marketing Opens the Pathway
for Social Commerce
EXHIBIT 1: Social Media Platforms Are the Cheapest Among
Advertising Platforms: Average Cost Incurred to Reach 2000
Audience (In US$) by Type of Advertising Medium As of the
Year 2021
EXHIBIT 2: Social Media Marketing Gains Higher Grounds in the
World of Digital Advertising: Social Network Ad Spending in
the U.S. Presented as a % of Total Digital Ad Spending for
the Years 2016, 2018, 2020 and 2022
The Race Between the Virus & Vaccines Intensifies. Amidst this
Chaotic Battle, Where is the World Economy Headed in 2021?
These are Times When Questions Abound & Answers Are Few
So How Fast Or Slow Are We Moving?
EXHIBIT 3: How Fast the World is Vaccinated Will Determine How
Soon the Pandemic Will End: Global Percentage (%) of
Population Administered With Vaccines in Advanced Economies,
Emerging Markets, and Low-Income Countries As of July 2021
EXHIBIT 4: How & When Will the World Be Vaccinated? Global
Number of Annual COVID-19 Vaccine Doses (In Million) for Years
2020 through 2025 by Geographic Region/Country
Split Scenarios Unfold: The Great Vaccine Divide Emerges
EXHIBIT 5: Time is of Essence! What We Know So Far – ?Vaccine
Efficiency Against New Strains is Decreasing?
Progress on Vaccinations, Why Should Businesses Care?
With IMF?s Upward Revision of Global GDP Forecasts for 2021,
Most Companies Are Bullish About an Economic Comeback Despite
a Continuing Pandemic
EXHIBIT 6: A Strong Yet Exceedingly Patchy & Uncertain Recovery
Shaped by New Variants, Comes as a Relief for Suffering
Industries & Markets: World Economic Growth Projections (Real
GDP, Annual % Change) for 2020 through 2022
EXHIBIT 7: Easing Unemployment Levels in 2021 Although Moderate
Will Infuse Hope for Industries Reliant on Consumer
Discretionary Incomes: Global Number of Unemployed People
(In Million) for Years 2019, 2020, 2021, and 2022
Overview of Social Commerce, Its Benefits and Significance
Recent Market Activity
Innovations
World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Internet Infrastructure, the Catalyst for Digitalizing Consumer
Lifestyles Including Digital Social Presence
EXHIBIT 8: Households With Fiber Connectivity Are No Strangers
to Social Media Networking: Global Market for Fiber-to-the-
Home/Building (FTTH/B) (In US$ Million) for Years 2021, 2023,
2025, and 2027
Mobile Computing Devices Are a Ubiquitous Indicator of Modern
Digital Life
Changing Consumer Mobile Usage Habits Beyond Just Voice
Communication Encourage the Social Commerce Concept
EXHIBIT 9: Smartphones, Tablets & Laptops Enable Social
Networking On the Move, Making Social Commerce More Pervasive,
Omnipresent & Hard to Beat: Global Annual Sales of Smartphones,
Tablets, Laptops & Desktop PCs (In Million Units) for Years
2010, 2015, 2020 and 2025
Spiraling Mobile Broadband Subscriptions Bode Well for Social
Commerce
EXHIBIT 10: With Mobility On the Rise, Social Commerce is Set
to Explode: Global Number of Mobile Subscribers (In Billion)
for Years 2018 Through 2023
EXHIBIT 11: The Future of 5G is Unquestioned: 5G Contribution
to GDP in Select Countries by 2030 (In US$ Billion)
As a Powerful Communication Medium, Here?s Why Vendors &
Advertisers Cannot Ignore Social Media
EXHIBIT 12: With a Powerful Global Presence & Reach, Social
Media Platforms Are Vital for Brands to Ensure Consistent
Audience Growth: Global Number of Social Media Users (In
Billion) for Years 2017, 2019, 2021, 2023, 2025
EXHIBIT 13: This Is Why Vendors Should Care About Social
Commerce: % of Social Media Users by Use Frequency as of the
Year 2021
The Rise of e-Commerce Catalyzed by the Pandemic Shifts Growth
Into High Gear in the Social Commerce Market
EXHIBIT 14: Global B2C E-Commerce Sales in US$ Trillion for the
Years 2019, 2020, 2021, 2022, 2023, 2024 and 2025
EXHIBIT 15: Retail M-Commerce Sales as % of Retail E-commerce
Sales Worldwide for the Years 2016, 2018, 2020 & 2022
Pandemic Fast Forwards eCommerce Growth
Vital Role of Social Commerce in an eCommerce Strategy
Artificial Intelligence Emerges to Revolutionize Digital &
Social Commerce
Augmented Reality & Virtual Reality Emerge to Revolutionize
Social Commerce
Blockchain Benefits in Social Media & Social Commerce
Security & Privacy Concerns & Legal Issues: The Biggest
Challenges for Social Commerce

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Social Commerce by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Social Commerce by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2017 through 2019 and % CAGR

Table 3: World 10-Year Perspective for Social Commerce by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2017, 2021 & 2027

Table 4: World Current & Future Analysis for B2C by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 5: World Historic Review for B2C by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2017 through 2019 and % CAGR

Table 6: World 10-Year Perspective for B2C by Geographic Region –
Percentage Breakdown of Value Revenues for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2017, 2021 & 2027

Table 7: World Current & Future Analysis for B2B by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 8: World Historic Review for B2B by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2017 through 2019 and % CAGR

Table 9: World 10-Year Perspective for B2B by Geographic Region –
Percentage Breakdown of Value Revenues for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2017, 2021 & 2027

Table 10: World Current & Future Analysis for C2C by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 11: World Historic Review for C2C by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2017 through 2019 and % CAGR

Table 12: World 10-Year Perspective for C2C by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2017, 2021 & 2027

Table 13: World Current & Future Analysis for Apparel by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for Apparel by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2017 through 2019
and % CAGR

Table 15: World 10-Year Perspective for Apparel by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2017, 2021 & 2027

Table 16: World Current & Future Analysis for Personal & Beauty
Care by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 17: World Historic Review for Personal & Beauty Care by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2017 through 2019 and % CAGR

Table 18: World 10-Year Perspective for Personal & Beauty Care
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa for Years 2017, 2021 & 2027

Table 19: World Current & Future Analysis for Accessories by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Accessories by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2017 through 2019
and % CAGR

Table 21: World 10-Year Perspective for Accessories by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2017, 2021 & 2027

Table 22: World Current & Future Analysis for Home Products by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 23: World Historic Review for Home Products by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2017 through 2019
and % CAGR

Table 24: World 10-Year Perspective for Home Products by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2017, 2021 & 2027

Table 25: World Current & Future Analysis for Health
Supplements by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 26: World Historic Review for Health Supplements by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2017 through 2019 and % CAGR

Table 27: World 10-Year Perspective for Health Supplements by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2017, 2021 & 2027

Table 28: World Current & Future Analysis for Food & Beverage
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 29: World Historic Review for Food & Beverage by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2017 through 2019 and % CAGR

Table 30: World 10-Year Perspective for Food & Beverage by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2017, 2021 & 2027

Table 31: World Current & Future Analysis for Other Product
Types by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 32: World Historic Review for Other Product Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2017 through 2019 and % CAGR

Table 33: World 10-Year Perspective for Other Product Types by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2017, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 34: USA Current & Future Analysis for Social Commerce by
Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 35: USA Historic Review for Social Commerce by Business
Model – B2C, B2B and C2C Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2017 through 2019 and
% CAGR

Table 36: USA 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 37: USA Current & Future Analysis for Social Commerce by
Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 38: USA Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 39: USA 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

CANADA
Table 40: Canada Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 41: Canada Historic Review for Social Commerce by
Business Model – B2C, B2B and C2C Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2017
through 2019 and % CAGR

Table 42: Canada 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 43: Canada Current & Future Analysis for Social Commerce
by Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 44: Canada Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 45: Canada 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

JAPAN
Table 46: Japan Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 47: Japan Historic Review for Social Commerce by Business
Model – B2C, B2B and C2C Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2017 through 2019 and
% CAGR

Table 48: Japan 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 49: Japan Current & Future Analysis for Social Commerce
by Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 50: Japan Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 51: Japan 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

CHINA
Table 52: China Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 53: China Historic Review for Social Commerce by Business
Model – B2C, B2B and C2C Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2017 through 2019 and
% CAGR

Table 54: China 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 55: China Current & Future Analysis for Social Commerce
by Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 56: China Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 57: China 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

EUROPE
Table 58: Europe Current & Future Analysis for Social Commerce
by Geographic Region – France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2020 through 2027 and
% CAGR

Table 59: Europe Historic Review for Social Commerce by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2017 through 2019 and % CAGR

Table 60: Europe 10-Year Perspective for Social Commerce by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2017, 2021 & 2027

Table 61: Europe Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 62: Europe Historic Review for Social Commerce by
Business Model – B2C, B2B and C2C Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2017
through 2019 and % CAGR

Table 63: Europe 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 64: Europe Current & Future Analysis for Social Commerce
by Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 65: Europe Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 66: Europe 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

FRANCE
Table 67: France Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 68: France Historic Review for Social Commerce by
Business Model – B2C, B2B and C2C Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2017
through 2019 and % CAGR

Table 69: France 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 70: France Current & Future Analysis for Social Commerce
by Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 71: France Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 72: France 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

GERMANY
Table 73: Germany Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 74: Germany Historic Review for Social Commerce by
Business Model – B2C, B2B and C2C Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2017
through 2019 and % CAGR

Table 75: Germany 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 76: Germany Current & Future Analysis for Social Commerce
by Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 77: Germany Historic Review for Social Commerce by
Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types Markets – Independent Analysis of Annual Revenues
in US$ Million for Years 2017 through 2019 and % CAGR

Table 78: Germany 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

ITALY
Table 79: Italy Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 80: Italy Historic Review for Social Commerce by Business
Model – B2C, B2B and C2C Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2017 through 2019 and
% CAGR

Table 81: Italy 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 82: Italy Current & Future Analysis for Social Commerce
by Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 83: Italy Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 84: Italy 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

UNITED KINGDOM
Table 85: UK Current & Future Analysis for Social Commerce by
Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 86: UK Historic Review for Social Commerce by Business
Model – B2C, B2B and C2C Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2017 through 2019 and
% CAGR

Table 87: UK 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 88: UK Current & Future Analysis for Social Commerce by
Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 89: UK Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 90: UK 10-Year Perspective for Social Commerce by Product
Type – Percentage Breakdown of Value Revenues for Apparel,
Personal & Beauty Care, Accessories, Home Products, Health
Supplements, Food & Beverage and Other Product Types for the
Years 2017, 2021 & 2027

SPAIN
Table 91: Spain Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 92: Spain Historic Review for Social Commerce by Business
Model – B2C, B2B and C2C Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2017 through 2019 and
% CAGR

Table 93: Spain 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 94: Spain Current & Future Analysis for Social Commerce
by Product Type – Apparel, Personal & Beauty Care, Accessories,
Home Products, Health Supplements, Food & Beverage and Other
Product Types – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 95: Spain Historic Review for Social Commerce by Product
Type – Apparel, Personal & Beauty Care, Accessories, Home
Products, Health Supplements, Food & Beverage and Other Product
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2017 through 2019 and % CAGR

Table 96: Spain 10-Year Perspective for Social Commerce by
Product Type – Percentage Breakdown of Value Revenues for
Apparel, Personal & Beauty Care, Accessories, Home Products,
Health Supplements, Food & Beverage and Other Product Types for
the Years 2017, 2021 & 2027

RUSSIA
Table 97: Russia Current & Future Analysis for Social Commerce
by Business Model – B2C, B2B and C2C – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 98: Russia Historic Review for Social Commerce by
Business Model – B2C, B2B and C2C Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2017
through 2019 and % CAGR

Table 99: Russia 10-Year Perspective for Social Commerce by
Business Model – Percentage Breakdown of Value Revenues for
B2C, B2B and C2C for the Years 2017, 2021 & 2027

Table 100: Russia Current & Future Analysis for Social Commerce

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Artificial Intelligence

JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities

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SINGAPORE, May 2, 2024 /PRNewswire/ — watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack surface management (CAASM) technology. This collaboration enables customers to rapidly prioritize emerging threats within their constantly changing environments, focusing on fixing the most critical risks impacting their business, which enables an end-to-end continuous threat exposure management process (CTEM).

Over 28,000 CVE records were published in 2023; a figure that is expected to increase as attackers shorten the time from known vulnerability to exploit, reducing it from weeks to days. JupiterOne and watchTowr’s integrated solution empowers enterprises to discover their most critical and exploitable vulnerabilities, prioritize them with asset context based on business impact and receive an actionable remediation plan to improve security posture.
This partnership enables a complete continuous threat exposure management program, addressing the full spectrum of cyber risk management. The fully integrated solution provides continuous monitoring and assessment of both internal and external digital assets, allowing for prioritization and effective threat mitigation for a business’s most critical assets. “Our partnership with watchTowr is a game-changer” said Forte. “Combining our data aggregation with real-time asset discovery and automated security testing allows us to offer a unique, all-encompassing approach to exposure management.”
Benjamin Harris, CEO, watchTowr, said, “While the number of reported vulnerabilities continues to rise, the vulnerabilities that matter – in mission-critical, key systems – have exploded at an alarming rate. This reality, combined with the significant shift in speed by attackers to weaponize vulnerabilities – the ability to validate exploitability and prioritise actions based on real business risk has never been more vital. We’re excited to join forces with JupiterOne to give security teams around the globe this much-needed end-to-end capability.”
About JupiterOne:
JupiterOne is a cybersecurity startup delivering powerful software solutions to companies across all industries, providing deep insights to cyber assets and the relationships between, empowering security professionals to have true knowledge and ownership of their attack surfaces.
About watchTowr: 
watchTowr is a global cybersecurity technology company, built by former adversaries.
watchTowr’s world-class External Attack Surface Management and Continuous Automated Red Teaming technology is informed by years of experience compromising some of the world’s most targeted organisations and utilised by Fortune 500, financial services and critical infrastructure providers every day.
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Artificial Intelligence

Clarivate Declares Dividend on Mandatory Convertible Preferred Shares

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LONDON, May 1, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT; CLVT PR A) (“Clarivate”), a leading global provider of transformative intelligence, today announced that its board of directors declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares (the “Preferred Shares”), payable in cash on June 3, 2024 to shareholders of record at the close of business on May 15, 2024.

On the mandatory conversion date, which is scheduled to occur on June 3, 2024, each Preferred Share will automatically and mandatorily convert into a number of ordinary shares of Clarivate (and cash in lieu of any fractional ordinary shares) based on the average volume weighted average price (“VWAP”) of Clarivate’s ordinary shares over a 30-trading day period that begins on, and includes, April 18, 2024 and is scheduled to end on, and include, May 30, 2024 (the “valuation period”). If such VWAP is (i) greater than $31.20, then the mandatory conversion rate will be 3.2052 ordinary shares of Clarivate per Preferred Share, (ii) less than or equal to $31.20 but equal to or greater than $26.00, then the mandatory conversion rate will be a number of ordinary shares of Clarivate per Preferred Share equal to $100.00 divided by such VWAP and (iii) less than $26.00, then the mandatory conversion rate will be 3.8462 ordinary shares of Clarivate per Preferred Share. The mandatory conversion rate will be announced following the end of the valuation period. The above description of the terms of the Preferred Shares is not complete and is subject to, and qualified in its entirety by reference to, the “Statement of Rights” for the Preferred Shares, which is filed as Exhibit 3.2 to Clarivate’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also adversely affect our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
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Artificial Intelligence

CGTN: 3rd CMG Forum in Beijing discusses AI development

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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html

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