United States Social Commerce Intelligence Report 2024: Market to Grow by Over 18% to Reach $72.93 Billion in 2024 - Forecasts to 2028 as Platforms are Betting on Shoppable Ads to Drive Revenues
Social commerce industry in United States is expected to grow by 18.1% on annual basis to reach US$72.93 billion in 2024.
- Social commerce industry in United States is expected to grow by 18.1% on annual basis to reach US$72.93 billion in 2024.
- The social commerce GMV in the country will increase from US$61.73 billion in 2023 to reach US$144.60 billion by 2029.
- The United States social commerce market is poised to grow at a rapid rate over the medium term.
- To tap into the growth market, social media platforms are betting on shoppable ads in the United States.