“Unlock the Future of Shopping: 29 Jaw-Dropping Social Commerce Stats That Will Transform Your Business by 2025!”
This converts into $1.26 trillion.
It will grow to $1.66 trillion in 2025 and reach $19.81 trillion by 2034, growing at a compound annual growth rate (CAGR) of 31.7% between 2024 and 2034.
Source: Precedence Research
4. The Asia-Pacific market accounts for 90% of the global social commerce market
Precedence Research’s data is from 2023, but even so, it revealed how the Asia-Pacific market dominates the social commerce industry.
It makes up 90% of the global social commerce market.
Specifically, it accounted for $1.14 trillion in 2024 and will account for $17.93 trillion in 2034.
