What is the size of live commerce in India?
Live commerce is taking the e-commerce industry in India by storm! Live commerce allows customers to interact with sellers in real-time while enjoying the convenience of online shopping. The trend has rapidly grown in India and has been welcomed with open arms.
According to RedSeer, a leading research and consulting firm, the live commerce market in India was valued at $4.5 billion in 2021. This represents a significant increase from the previous year, indicating the growth potential of the live commerce industry in India.
The live commerce market is predicted to reach $7 billion by 2025, showcasing the potential for businesses to tap into this growing market. This prediction suggests that the live commerce market in India is expected to grow at a CAGR (Compound Annual Growth Rate) of over 15% between 2021 and 2025.
This growth can be attributed to several factors, including the increasing popularity of social media platforms, the rise of e-commerce, and the growing demand for personalized shopping experiences.
Live commerce offers a unique opportunity for customers to interact with sellers in real-time and receive instant feedback, making the shopping experience more convenient and personalized.
Live commerce provides businesses with an opportunity to reach a wider audience and increase sales. By showcasing products in a more engaging way, the shopping experience becomes more personalized and convenient for the customer.
Furthermore, businesses can use this opportunity to answer questions, provide feedback, and ultimately increase customer satisfaction.
Several social media platforms, such as Facebook, Instagram, and YouTube, have begun to offer live commerce. Dedicated live commerce platforms, like Woovly, Bulbul and SimSim, have also emerged, making it easier for businesses to offer their products to a wider audience.
To take advantage of the growing live commerce market in India, businesses should consider implementing search engine optimization (SEO) best practices.
This includes creating content that is relevant, engaging, and easy to navigate for customers. Keywords and meta descriptions should also be optimized to ensure that customers can easily find the content they need.
In conclusion, the live commerce market in India is growing, and businesses that take advantage of this trend have an opportunity to thrive.
By implementing SEO best practices, businesses can ensure they are reaching the right audience with the right content. The future of live commerce in India is promising, and it is exciting to see how this trend will continue to evolve in the future.