The revenue of Sprout Social with headquarters in the United States amounted to ****** million U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately ****** million U.S. dollars. The trend from 2020 to 2024 shows, furthermore, that this increase happened continuously.

Social contributions (% of revenue) in United States was reported at 36.93 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Social contributions (% of revenue) in World was reported at 16.28 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The statistic shows the market revenue from enterprise social networks worldwide, from 2010 to 2014, with forecasted revenues for 2015 to 2019. In 2016, enterprise social networks are predicted to generate more than * billion U.S. dollars in revenue worldwide.

Social contributions (% of revenue) in China was reported at 42.77 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

United States US: Social Contributions: % of Revenue data was reported at 35.322 % in 2016. This records an increase from the previous number of 34.376 % for 2015. United States US: Social Contributions: % of Revenue data is updated yearly, averaging 34.145 % from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 41.910 % in 2009 and a record low of 23.601 % in 1972. United States US: Social Contributions: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Government Revenue, Expenditure and Finance. Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

Social contributions (% of revenue) in Japan was reported at 0.54612 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Social contributions (% of revenue) in Germany was reported at 56.03 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Germany - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

According to Cognitive Market Research, the global Social Commerce Market size will be USD 769485.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 32.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 307794.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 230845.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 176981.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 34.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 38474.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 15389.70 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.9% from 2024 to 2031.
The business to consumer (B2C) held the highest Social Commerce Market revenue share in 2024.

Market Dynamics of Social Commerce Market

Key Drivers for Social Commerce Market

The rise of social media is driving the growth of social commerce

The growth of social commerce is heavily influenced by the rise of social media and its increased usage on mobile devices. Social media platforms such as Facebook, Instagram, TikTok and WhatsApp have become major hubs for online shoppers. Customers are more likely to find and buy products directly from social media platforms than from traditional e-commerce websites since they spend more time on these channels.

For instance,

 5.24 billion use social media worldwide, as of January, 2025.Facebook remains to be the leading social media platform with over 3 billion monthly active users, followed by YouTube with 2.5 billion and Instagram with 2 billion monthly active users.
90% of consumers rely on social media to keep up with trends and cultural moments and nearly half of them interact with brands more often on social media platforms. 

(Source: https://backlinko.com/social-media-users)

https://sproutsocial.com/insights/social-media-statistics/#social-media-usage-statistics)

Advancements in Technology to Propel Market Growth

The Social Commerce Market has witnessed steady growth, driven by advancements in technology. Mobile technology has advanced significantly over the last ten years, and smartphones are now an essential part of people's everyday lives. Users are increasingly choosing to shop straight from their smartphones because to improved smartphone capabilities and internet connectivity, which has expanded mobile commerce. Additionally, more people are using smartphones due to rising disposable incomes, which ultimately enhances the social commerce market value environment.

Restraint Factor for the Social Commerce Market

Growing concerns around data privacy restrict market growth

Mobile phones have become a personal hub for information. With the increasing amount of sensitive data stored on these devices, privacy concerns have emerged as one of the most pressing issues. Additionally, since social media and commerce platforms handle private and sensitive financial data, they are susceptible to data breaches and misuse, which can impact a company's finances and reputation. Customers are less likely to trust businesses that don't prioritize security and transparency. This can impact consumer behavior, with individuals opting out of data collection or choosing alternative providers that offer stronger privacy protections.

Impact of Covid-19 on the Social Commerce Market

The Social Commerce Market has witnessed growth due to rising number of smartphones. Key drivers include technological advancements, increasing internet penetration, and expanding influencer marketing. However, the COVID-19 pandemic temporarily disrupted production and supply chains, affecting market dynamics. The lockdowns led to reduced consumer spending and manufacturing delays. Despite these challenges, market recovery was swift as the industries resumed operations. Long-term trends indicate a resilient market with steady growth due to ongoing social media platforms and a re...

Social contributions (% of revenue) in Finland was reported at 29.09 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Finland - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Total Revenue for Health Care and Social Assistance, All Establishments (REV62APSA) from Q2 2009 to Q1 2025 about healthcare, social assistance, revenue, health, establishments, and USA.

In 2024, Meta Platforms had a total annual revenue of over ****billion U.S. dollars, up from *** billion in 2022. LinkedIn reported its highest annual revenue to date, generating over ***billion USD, whilst Snapchat reported an annual revenue of *** billion USD.

Social contributions (% of revenue) in Bulgaria was reported at 24.45 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bulgaria - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Social contributions (% of revenue) in Belarus was reported at 34.06 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Belarus - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Social contributions (% of revenue) in Egypt was reported at 0 % in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources. Egypt - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Social contributions (% of revenue) in Russia was reported at 22.21 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Social contributions (% of revenue) in Greece was reported at 28.22 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Greece - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Social contributions (% of revenue) in Costa Rica was reported at 32.52 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Costa Rica - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Social contributions (% of revenue) in Mongolia was reported at 18.98 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mongolia - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Social contributions (% of revenue) in Sweden was reported at 8.9326 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Sweden - Social contributions (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.