DUBLIN, April 9, 2024 (GLOBE NEWSWIRE) — “Malaysia Social Commerce Market Intelligence and Future Growth Dynamics Databook – Social Commerce Trends, Operational KPIs, Retail Product Dynamics by End-Use Sector, Added 50+ KPIs on Consumer Demographics and Consumer Demographics – Q1 2024 Update report ResearchAndMarkets.com Recruitment.
Malaysia's social commerce sector is on an impressive growth trajectory, with an expected annual increase of 26.1% and a market value expected to reach USD 1.73 billion by 2024. This robust expansion reflects the sector's dynamic integration into Malaysia's retail industry. , leverages social media platforms to redefine the consumer shopping experience.
The sector's sustained growth, with a compound annual growth rate (CAGR) of 21.1% from 2024 to 2029, demonstrates the vitality and potential within Malaysia's digital economy. Gross merchandise value (GMV) is expected to increase from USD 1.37 billion in 2023 to USD 4.53 billion outstanding by the end of 2029. This continued growth highlights the retail landscape being transformed by an increasingly digitally savvy consumer base and innovative commerce. strategy.
Insights into sector dynamics and consumer behavior
The in-depth, data-centric analysis provided in the report covers a range of operational key performance indicators, retail product dynamics, and consumer demographics, providing insight into the diverse factors driving social commerce growth within Malaysia. It's shining a light. This provides an extensive review of market opportunities and is likely to facilitate strategic planning and decision-making within the sector.
Market size and future growth dynamics
According to the assessment, various retail product categories are expected to benefit from the rise of social commerce. These categories range from clothing and footwear to food and groceries, appliances and electronics to travel and hospitality. The forecast also extends to differentiating market size and growth dynamics by consumer segments such as B2B, B2C, and C2C, along with device preferences, geographic location, and payment methods.
Downloadable data and analytics-driven insights
Interested parties can make use of this detailed report to gain a deep understanding of the trends in the Social Commerce market during the forecast period. With a strategic approach based on market-specific insights, stakeholders are well-positioned to identify new growth segments within the industry. Analysis-driven research requires businesses to be aware of the diverse factors contributing to Malaysia's social commerce environment to effectively adjust their strategies.
Key attributes:
| report attributes | detail |
| number of pages | 70 |
| Forecast period | 2024-2029 |
| Estimated market value in 2024 (USD) | $1.7 billion |
| Projected market value to 2029 (USD) | $4.5 billion |
| compound annual growth rate | 21.1% |
| Target area | Malaysia |
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For more information about this report, please visit https://www.researchandmarkets.com/r/fzyml4.
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Malaysian social commerce market
