The article cited AMA's Global Live Commerce Platform Market Study explored substantial growth with CAGR of 21.2%. According the report, Introduction of High Tech Based Offering is one of the primary growth factors for the market. Increasing Expenditure of E-commerce Across Several Industrial Vertical
is also expected to contribute significantly to the Live Commerce Platform market. Overall, Apparel
applications of Live Commerce Platform, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ShopShops (United States), YEAY (Germany), Popshop Live (United States), NTWRK (Sweden), TalkShop (Canada), Bolome (China), BulBul (India), Sim Sim (Singapore), Shop LIT Live (United States), LiveScale (Canada), LiveAuctioneers (United States), Pankhuri (India) and Channelize.io. (India) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Live Commerce Platform market identified that the demand is rising in many different parts of the world as "Growing Investments of Tech Based Leadings for Digital Offerings". Furthermore, some recent industry insights like "In October 2023, TalkShopLive was recognized by Fast Company magazine as one of the world's "Most Innovative Companies" earlier this year, and now the "Best Early Stage Technology Company" (AdExchanger) is upholding its commitment to product innovation with the launch of its first broadcast-quality mobile app, TalkShopLive Studio. The app, which became available today, gives creators, entrepreneurs, brands, retailers, and publishers the ability to host live shopping shows from their mobile devices in HD." is constantly making the industry dynamic. One of the challenges that industry facing is "Huge Competition owing to Presence of Number of Players"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Live Commerce Platform market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Live Commerce Platform market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Live Commerce Platform market tight? Which application/end-user category or Product Type [Online Marketplaces, Live Auctions, Influencer Streaming, Live Events and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Live Commerce Platform market and other related sub-markets covered in the study.
o Key & emerging players in the Live Commerce Platform market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Live Commerce Platform market size is calculated using market estimation process, the Live Commerce Platform market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Live Commerce Platform market size has been validated using both top-down and bottom-up approaches.