Live E-Commerce Market By Type (Domestic, Transboundary), Application (Consumer Electronics, Furnishing), & Region for 2024-203
Report ID: 89747|No. of Pages: 202
Live E-Commerce Market By Type (Domestic, Transboundary), Application (Consumer Electronics, Furnishing), & Region for 2024-203
Live E-Commerce Market Valuation – 2024-2031
The Live E-Commerce Market is enjoying a surge of popularity owing to its dynamic and interactive shopping experience. This format allows real-time engagement between sellers and consumers, enhancing trust and immediacy in purchasing decisions. Influencers and brands use live streaming to showcase products, answer questions, and offer limited-time deals, driving higher engagement and sales. The market size surpass USD 918.9 Million valued in 2023 to reach a valuation of around USD 3110 Million by 2031.
As the global use of smartphones and tablets grows, online retail continues to develop. People may now shop on their phones thanks to advances in technology such as social shopping, 5G internet, and branded shopping apps. Brands are turning to virtual shopping and experimenting with augmented and virtual reality retail across a variety of e-commerce platforms. The metaverse is a 3D virtual world in which customers have no limitations. People can engage with products in the metaverse from anywhere in the world. The rising demand for live e-commerce service is enabling the market grow at a CAGR of 16.45% from 2024 to 2031.
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Live E-Commerce Market: Definition/ Overview
Live e-commerce is a form of online retail that involves real-time interactions between sellers and potential buyers through live video broadcasts. It combines the elements of traditional retail, such as product demonstrations and customer interactions, with the convenience and accessibility of online shopping.
Live e-commerce has a broad range of applications across various industries. It is particularly popular for selling fashion items, beauty products, electronics, and home goods. Brands use live streams to showcase their products, engage with customers, and offer exclusive deals or discounts. Additionally, live e-commerce can be used for product launches, limited-edition releases, and interactive marketing campaigns.
The future of live e-commerce is promising, with continued growth and innovation expected. Advancements in technology, such as augmented reality (AR) and virtual reality (VR), will enhance the shopping experience and make live e-commerce even more immersive. The integration of social media platforms and the increasing adoption of mobile devices will further drive the adoption of live e-commerce, making it a mainstream retail channel.
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How the Rapid Shift Towards Online Shopping Propelling the Market Expansion?
Consumers are increasingly opting for online shopping over traditional retail, driven by factors such as convenience, time-saving, and a wider range of product options. Live e-commerce offers a more interactive and engaging online shopping experience, attracting consumers who seek a personalized and immersive shopping journey. Online retailers often offer competitive prices due to lower overhead costs and the ability to compare prices across multiple vendors.
Social media platforms have become integral to live e-commerce, providing a powerful channel for brands to reach and engage with their target audience. Live streaming features on platforms like Instagram, Facebook, and TikTok allow brands to showcase their products, interact with customers in real-time, and drive sales.
Consumers are seeking more interactive and engaging shopping experiences. Live e-commerce offers a unique opportunity for brands to create a personalized and immersive shopping journey by allowing customers to interact with products, ask questions, and receive immediate feedback. Moreover, live e-commerce can offer a more social and entertaining shopping experience. Consumers can watch live streams with friends or family, share their experiences on social media, and participate in interactive elements like polls or giveaways.
Improvements in streaming technology, payment gateways, and delivery services have made live e-commerce more seamless and convenient. This has lowered the barriers to entry for both brands and consumers, driving the growth of the market.
How the High Cost of Specialized AUVs Models Hindering the Market Expansion?
Technical limitations are posing a significant challenge to the live e-commerce market. Ensuring a smooth and high-quality live streaming experience requires reliable internet connectivity, powerful devices, and robust streaming technology. Lagging videos, audio quality issues, and unstable connections can hinder the overall shopping experience and lead to customer dissatisfaction.
Building trust and credibility with consumers is crucial in the live e-commerce market. Brands need to establish their authenticity and ensure the quality of their products. Fake or counterfeit products, misleading information, and negative customer experiences can damage a brand’s reputation.
Adhering to various regulations, including consumer protection laws, data privacy regulations, and tax laws, can be complex and costly for live e-commerce businesses. Non-compliance can lead to legal issues and financial penalties.
While live e-commerce has the potential to reach a global audience, language barriers and cultural differences can limit its effectiveness in certain markets. Brands need to adapt their strategies and content to cater to different regions and demographics.
Category-Wise Acumens
What are the Features Bolstering the Demand of Domestic Segment?
The domestic segment is dominating the market due to its unique ability to blend real-time engagement with online shopping. This segment leverages live streaming to showcase products, interact with viewers, and drive immediate sales, creating a dynamic shopping experience that traditional e-commerce platforms struggle to replicate. The real-time interaction and personalized experience provided by live e-commerce have significantly enhanced consumer engagement and conversion rates.
One of the key drivers behind the dominance of the Domestic Live E-Commerce segment is its ability to create a sense of urgency and excitement among consumers. Live demonstrations, limited-time offers, and interactive features such as Q&A sessions and live polls encourage viewers to make quick purchasing decisions. This immediate feedback loop not only boosts sales but also helps build brand loyalty and trust through direct interaction with the audience.
Moreover, the rise of social media and mobile technology has fueled the growth of live e-commerce, as these platforms facilitate seamless integration of live streaming into everyday consumer habits. The accessibility of live e-commerce via smartphones and tablets allows for a broad reach and convenience, further solidifying its dominance in the market.
How will the Demand for Military & Defense Segment Impacts the Market Growth?
The military & defense segment is anticipated to hold a major share in the AUVs market. Fashion and apparel products are highly visual and require consumers to see and try them on before making a purchase. Live e-commerce provides a platform for brands to showcase their products in a visually appealing way, allowing customers to get a better sense of the fit, fabric, and overall aesthetic.
Live e-commerce enables brands to interact with customers in real-time, answering questions, providing styling advice, and offering exclusive deals or discounts. This personalized interaction can enhance the shopping experience and encourage purchases.
Fashion and apparel are heavily influenced by social trends and influencers. Live e-commerce allows brands to collaborate with influencers and leverage their social media following to reach a wider audience and drive sales.
Live e-commerce platforms allow customers to provide real-time feedback and reviews, influencing the purchasing decisions of other shoppers. Positive reviews and recommendations can significantly boost sales.
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Country/Region-wise Acumens
How the Growing Youth Population Drives the Market in Asia Pacific?
Asia Pacific is projected to lead the overall live e-commerce market during the forecast period. This demographic shift is characterized by a rising number of youths coupled with the increasing access to the internet and smartphones, thus youth becoming increasingly comfortable with online shopping and digital interactions. This growing internet penetration provides a fertile ground for the development of live e-commerce platforms and services.
As consumers become more accustomed to online shopping, they are seeking new and innovative ways to interact with brands and products. Live e-commerce offers a more engaging and interactive experience compared to traditional online shopping, appealing to this digitally smart demographic.
Social media platforms have become integral to the lives of many consumers in the Asia Pacific region. Brands can leverage these platforms to reach and engage with their target audience through live e-commerce broadcasts. Influencers and celebrities can also play a significant role in promoting live e-commerce and driving sales.
How the Increasing Technological Advancements Supports the Market Growth in North America?
North America has emerged as a significant region in the global live e-commerce market. The region has witnessed substantial technological advancements, particularly in broadband internet infrastructure and mobile device penetration. This has enabled widespread access to live streaming platforms and high-speed internet, facilitating seamless live e-commerce experiences.
North America boasts a well-established e-commerce ecosystem, with many online retailers, payment gateways, and logistics providers. This mature infrastructure provides a conducive environment for live e-commerce businesses to thrive.
The North American regulatory landscape is generally supportive of e-commerce, with clear guidelines and policies in place. This provides a stable and predictable environment for businesses operating in the live e-commerce market.
The North American live e-commerce market is highly competitive, with a mix of established players and emerging startups. This competition drives innovation and forces businesses to continually improve their offerings to stay relevant.
Competitive Landscape
The live e-commerce market is a dynamic and competitive landscape, with a mix of established players and emerging challengers vying for market share. These players are actively working to strengthen their presence by implementing strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are dedicated to continuously improving their product line to meet the needs of a wide range of customers in different regions.
Some of the key players operating in the live e-commerce market include:
Alibaba Group, ByteDance, Amazon, Tencent, Sea Group, Mogu Inc., Kuaishou, Walmart, Facebook, Myntra, Flipkart, MercadoLibre.
Latest Developments
- • In October 2023, TalkShopLive, a live commerce platform based in the U.S., introduced a new application tailored for mobile merchants. The application provides users with access to various platform tools, including the ability to view product details, emphasize key products during sales events, monitor sales performance, engage with customers during live broadcasts, and obtain ratings.
• In February 2023, Bambuser AB revealed a collaboration with TikTok Shop aimed at enhancing and streamlining the livestream shopping experience for its sellers in the U.S. market. The collaboration is anticipated to unfold in stages, with the initial phase concentrating on establishing revenue metrics derived from factors including the count of participating sellers, show creators, TikTok creators, and TikTok live sales.
• In November 2022, Firework entered a partnership with Snowflake Inc., a data cloud company based in the United States. The collaboration is expected to enhance the efficiency and seamless functionality of Firework’s video commerce platform.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2031 |
| BASE YEAR | 2023 |
| Growth Rate | CAGR of ~16.45% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Million |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Alibaba Group, ByteDance, Amazon, Tencent, Sea Group, Mogu Inc., Kuaishou, Walmart, Facebook, Myntra, Flipkart, MercadoLibre. |
| Customization | Report customization along with purchase available upon request |
Live E-Commerce Market, By Category
Type:
- Domestic
- Transboundary
Application:
- Fashion & Apparel
- Cosmetics & Personal Care
- Consumer electronics
- Furnishing
- Food
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Live E-Commerce Market, By Type
• Domestic
• Transboundary
5. Live E-Commerce Market, By Application
• Fashion & Apparel
• Cosmetics & Personal Care
• Consumer electronics
• Furnishing
• Food
6. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
7. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
8. Competitive Landscape
• Key Players
• Market Share Analysis
9. Company Profiles
• Alibaba Group
• ByteDance
• Amazon
• Tencent
• Sea Group
• Mogu Inc.
• Kuaishou
• Walmart
• Facebook
• Myntra
• Flipkart
• MercadoLibre
10. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
11. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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