(MENAFN – GlobeNewsWire – Nasdaq)
New York, May 15, 2023 (GLOBE NEWSWIRE) — Reportlinker. com announces the release of the report “Global Video Commerce Market: Analysis Across Product Category, Region Size, and Finishes Impacted by COVID-19 and forecast for 2028”: can be used in other channels by adding social media, e-commerce bureaucratic platform and mobile applications accept as true with social bureaucratic platform and online transactions, and use your smartphones to a much greater extent than previous generations. It is developing rapidly, with major e-commerce brands such as Amazon, Pinduoduo, Alibaba, and JD. com taking credit for this market. -The thirds of consumers said they bought products from a video trade screen in 2022. The MarketPlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlacePlace 32% is expected 32% during the 2023-2028 prognosis era. Market Segmentation Analysis: By Product Category: Report sources are video trade market studies and others. The apparel segment ranked highest in the market placeplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceshare, while non-public care and good looks are expected to be the fastest developing segment during the forecast era. Clothing is a very visual product, and video commerce gives consumers a way to see how the product looks and fits on a genuine person, which can be more revealing and engaging than just looking at a photo. On the other hand, video commerce can be used to obtain non-advertised product recommendations based on a visitor’s skin type, hair type or other characteristics. This can help create a less hyped grocery shopping experience and increase visitor loyalty. Therefore, thanks to those merits, the video trade in the grooming and grooming segment is expected to grow significantly in the coming years. Array Europe and the rest of the world. Asia-Pacific held the most giant marketplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceshare. In China, e-commerce has reshaped the retail industry and established itself as the main sales channel in less than five years. China’s leadership in video commerce is also evident in the much higher e-commerce penetration rates. Many primary bureaucratic e-commerce platforms in China, such as Alibaba’s Taobao and JD. com, have incorporated video trading into their bureaucratic platform. The market placeplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplace has also been flourishing in India with the number of video commerce consumers expanding in India over the years. For example, WATConsult reported 146 million commercial video users in 2020 in India, a number expected to reach 216 million by the end of 2022. In North America, the commercial video market placeplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplace The next few years, the marketplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplace is expected to witness significant expansion. In the United States, video commerce penetration has increased in recent years due to the rise of smartphones, improved generation (for example, logistics and control of the supply chain), convenience, and payment options every ever more convenient. It can also be noted that the US video trade maturity point is recently equivalent to that of China in 2018. This means that the US market is lagging behind the Chinese market for at least five or six years. The United States and other Western markets are expected to follow China’s video commerce adoption curve given the use of Gen Z smartphones and video consumption finishes, to name a few examples. In Europe, the popularity of video commerce has grown in recent years. years. For example, according to independent research conducted through Forrester in December 2020, which surveyed over 12,000 consumers in the UK, Spain, France, and Poland, 70% of consumers showed strong interest in video commerce. . It is expected that the expansion of the global video commerce market placeplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplace. users, a developing Generation Z and a millennial population, the merits of video commerce over another commercial bureaucracy, and many other factors. The penetration of video trading in e-commerce is gradually expanding all over the world. A developing penetration rate means that a large number of eCommerce websites are employing video content to advertise their products and engage with consumers. As more e-commerce stores embrace video commerce, it may lead to the creation of increased demand for video production and distribution facilities and create new opportunities for video commerce corporations to expand their businesses. Challenges: However, the expansion of the market would be adversely affected through various challenges. such as lack of awareness, regulatory challenges, etc. 5G subscriptions, AI development role, interactive video finishing development, non-advertising, short video finishing development, etc. questions and solve problems in real time. This can improve visitor satisfaction and reduce the workload on visitor support teams. Additionally, AI can help businesses analyze visitor insights and habits to better understand their desires and preferences. This can indicate product progression and market positioning strategiesplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplace, leading to increased sales and visitor loyalty. As physical retail outlets were forced to close, businesses had to temporarily adapt to promoting their products online, and video commerce has become an increasingly popular way to offer products in a visually appealing way. pleasant. The pandemic has also accelerated the adoption of live video commerce, where consumers can interact with dealers in real time and ask questions about products. The post-COVID-19 effect on the video commerce market is most likely to be shaped through continued expansion, increased emphasis on sustainability and moral practices, and the integration of emerging technologies such as augmented truth and virtual truth. Competitive Landscape: The global video commerce market is concentrated. Generally speaking, there are 3 categories of video commerce players: social media red tape platform, e-commerce red tape platform, and engaged generation sources. Red tape like Facebook, Instagram, TikTok, and YouTube help video commerce features. The biggest merit of broadcasting a screen on a social media platform is that the traffic is significantly higher than on a local brand. com site. The major players in the global video commerce market are: Alibaba Group (Taobao) Shopify Inc. Amazon. com, Inc. (Amazon Live) Alphabet Inc. (Youtube) Wayfair Inc. BambuserChannelize. ioFireworkLiSABuyWithShopsLiveScale new launches, mergers, acquisitions and collaborations . TikTok has introduced the TikTok Shop in the United States, which allows for in-app purchases. TikTok did this together with TalkShopLive, which generates the underlying generation and helps streams. TikTok Shop also recently announced a component partnership with Bambuser in the US. On the other hand, as of August 2022 and March 2023, Meta would no longer continue its live streaming facilities on Facebook and Instagram, respectively. These ads are part of Meta’s resolution to focus on reels on the red tape platform of social media. Additionally, in 2023, Google’s YouTube announced that the company would integrate new generative AI features into the company’s video-sharing platform as the web giant races to meet their demand. outpace AI rivals such as OpenAI Inc. and Microsoft Corp. Read the full report: About reportlinker ReportLinker is an award-winning market research solutionplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplace. ReportLinker unleashes and organizes the newest industry knowledge so you get all the studies MarketPlacePlaceplacePlaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplace
MALEF15052023004107003653ID1106243482
Keywords
comment
Category
Date