Market Snapshot:
Social purchasing is a tool for building a healthy community. It builds community capital and provides benefits to the people. Buying from social enterprises instead of other suppliers increases the social value and results in a positive change. In addition it creates an opportunity for the people who are struggling and looking for the work. The social purchasing can be done by government, business and individuals. Hence, more people are benefiting through social enterprises across the world.
Market Drivers
- Rising Usage of Social Media Platforms us fueling the Market Growth
- Easy Accessibility and Convenience for Buyers
Market Trend
- Rising Awareness of Social Purchasing
Restraints
- Lack of Internet Service in Underdeveloped Countries and Rural Areas
The Social Purchasing market framework should serve as a basic structure to support the strategic decision-making process for Players. For instance, the question of whether a Players wants to expand in other areas of the market value chain would fundamentally determines its strategy.
What is the current setup of the Social Purchasing Industry, and what is its growth trajectory through 2026?
Trends that might impact the resulting strategic moves of the Players
How can Players take advantage of the changing market dynamics and capture new opportunities lying in Social Purchasing market?
The key Players profiled in the report are Facebook (United States), Kupivip (Russia), Living Social (United States), Milyoni (United States), Moontoast (United States), Payvment (United States), Ecwid (United States), Groupon (United States), Beachmint (United States), 3dcart (United States), Adgregate Markets (United States) and Privalia (Spain).