HnyB Insights Predicts Global Social Commerce Market To Touch $80Bn By 2020

Online, May 11, 2012 (Newswire.com) - Social Commerce Strategy and Outlook, 2012 - 2020 released by HnyB Insights predicts consistent growth in Global Social Commerce revenue, the market is projected to reach $21Bn in 2014, will touch $60Bn towards end of 2018 and by 2020 it will grow substantially to around $80Bn.

HnyB Insights has released the 2nd Edition of research titled Social Commerce Strategy and Outlook, 2012 - 2020. According to research reports series released by HnyB Insights, the Global Social Commerce revenue has reached $7Bn in 2011, a 43 per cent increase from 2010 revenue of $5Bn. Further as per Social Commerce Strategy and Outlook, 2012 - 2020, Global Social Commerce revenue is forecasted for consistent growth with 2012 revenue totalling $10Bn, and the market is projected to reach $21Bn in 2014, $40Bn in 2016, will touch magical mark of $60Bn towards end of 2018 and by 2020 it will grow substantially to around $80Bn.

As per Nayan Patel, CEO of HnyB Insights a Leading Intelligence & Knowledge Consulting group with focus on Social Computing, Social Media, Social Technology and Social Networking, there would be substantial reorganization in Social Commerce marketplace. Ruchi Jain, an analyst at HnyB Insights, suggested that there would be substantial change in the Global Social Commerce ecosystem.

Social Commerce Strategy and Outlook, 2012 - 2020, 2nd Edition provides a detailed analysis of Social Commerce and covers around 40+ regions across the globe and provides short term to long term forecast and guidance. Many invaluable insights are part of this research which can be accessed at http://www.hnyb.in/c06.html.

HnyB Insights is a Leading Intelligence & Knowledge Consulting group with global perspective with focus on Social Computing, Social Media, Social Technology and Social Networking. Find out more at www.hnyb.in