Social Platforms for Commerce Market Size to Reach USD 12,459.32 Billion by 2034
The global social platforms for commerce market is on the cusp of a monumental surge, with its valuation expected to leap from USD 1,201.10 billion in 2024 to a staggering USD 12,459.32 billion by 2034, exhibiting an exceptional Compound Annual Growth Rate (CAGR) of 26.4% during the forecast period of 2025–2034. This dramatic expansion is being driven by the seamless integration of shopping experiences directly into social media ecosystems, the pervasive influence of user-generated content and influencer marketing, and the ever-increasing digital engagement of consumers, particularly on mobile devices. Market Overview: The Convergence of Socializing and Shopping Social platforms for commerce, commonly known as social commerce, represent a powerful subset of e-commerce where the entire shopping journey, from product discovery and engagement to checkout and post-purchase support, takes place directly within social media platforms. Unlike traditional e-commerce, which relies on d...