About Live E-commerce
Due to the outburst of covid19, consumers from worldwide are encouraged to stay at home, their digital viewing and buying habits have completely changed, possibly forever. This is encouraging Live e-commerce in several businesses to create digital content in ways they would have never considered before. While brands may initially feel vulnerable exposing themselves to a live audience, where they're less in control and anything can go wrong, this same aspect of life is what makes it feel more real and natural to users, and can also work in retailers' favor. Moreover, Live e-commerce also offers the benefits such as to fill the social aspect that's missing in regular online shopping to help bring the experience to life and increase interaction between the customer and seller.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.28% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Live E-commerce market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alibaba (China), Amazon (United States), Byte Dance (China), Tencent(China), Inly Media Co., Ltd. (China), Livby(United States), Mogu Inc. (China), Rocket Internet (Germany), Sea Group (Singapore) and Shoclef(United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Shop shops(United States), Gravy Live(United States) and Wayfair Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Live E-commerce market by Type (Domestic E-commerce and Transboundary E-commerce), Application (Clothes, Cosmetics, Daily Necessities, Consumer Electronics and Food & Beverages) and Region.
On the basis of geography, the market of Live E-commerce has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Business-to-consumers (B2C) will boost the Live E-commerce market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing acceptance of technology is allowing the e-commerce sector to be more efficient and reachable
Market Growth Drivers:
The increase in B2C sales is particularly evident, Increasing the use of the internet and mobile data services and Demand for Live E-commerce has increased dramatically
Challenges:
Lack of awareness regarding Live E-commerce
Restraints:
Lack of skilled professionals
Opportunities:
The rapid growth of live e-commerce in developing countries such as China
Market Leaders and their expansionary development strategies
In January 2024, The Souled Store, an online brand for officially licensed merchandise, announced its partnership with Simpl, a checkout network, to strengthen its e-commerce platform in order to provide an enhanced e-commerce experience as millions of customers make direct-to-customer (D2C) platforms their primary fashion retail channel, this partnership, consumers can access lakhs of official merchandise, available on The Souled Store platform (App and Website) through Simpl’s 1-Tap Checkout.
In December 2023, Open Network for Digital Commerce (ONDC) on announced two separate partnerships with Google and Meta, to expand its outreach to small businesses through Google Maps and WhatsApp. This, in turn, will help the service scale up its net transactions per month among consumers and large enterprises alike.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Live E-commerce Providers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.