On the Analysis of Live Streaming E-commerce Industry

Authors

  • Leqi Zhang

DOI:

https://doi.org/10.54097/vxh8b923

Keywords:

Live streaming; E-commerce industry; globalization.

Abstract

This paper mainly introduces the challenges and opportunities faced by the live streaming e-commerce industry and its future development trends. The article first points out the difficulties that live streaming e-commerce faces in technology implementation, competition with traditional e-commerce, and customer acquisition and retention. Then, the article analyzes the growth opportunities in the industry, including expanding into new markets, enriching product offerings, integrating with other online services, and optimizing positioning using data analysis. The article also emphasizes future market trends such as global expansion, social media integration, personalized recommendations, and augmented reality technology, while cautioning against potential disruptors such as regulatory changes, technological advances, consumer behavior changes, and economic recession. Finally, the article proposes strategic recommendations to promote sustainable growth, such as diversification, technology investment, establishing partnerships, and implementing sustainable initiatives, and concludes that despite the challenges, the live streaming e-commerce industry still has great growth potential, and the key lies in remaining flexible and adaptable to market changes.

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References

[1] Wongkitrungrueng A, Assarut N. The role of livestreaming in building consumer trust and engagement with social commerce sellers. J Bus Res., 2020, 7: 543–556.

[2] Chen, Hailiang, et al. Understanding the role of live streamers in live-streaming e-commerce. Electronic Commerce Research and Applications, 2023, 59: 101266.

[3] Luo, Xi, et al. Live Streaming Commerce: A Review and Research Agenda. Journal of Computer Information Systems, 2023.

[4] Merritt, Kamarin and Shichao Zhao. The Power of Live Stream Commerce: A Case Study of How Live Stream Commerce Can Be Utilised in the Traditional British Retailing Sector. Journal of Open Innovation: Technology, Market, and Complexity, 2022, 8(2): 71.

[5] Zhang L, Yeap JA. Live streaming commerce: a systematic review and implication for future research. In: International conference on entrepreneurship, business and technology. Singapore: Springer; 2023.

[6] Luo J, Li Y, Xu Y, Zeng K. How live streaming features impact consumers’ purchase intention in the context of cross-border E-Commerce? A research based on SOR theory. Front Psychol. 2021, 12:767876.

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Published

24-12-2024

How to Cite

Zhang, L. (2024). On the Analysis of Live Streaming E-commerce Industry. Highlights in Business, Economics and Management, 45, 354-358. https://doi.org/10.54097/vxh8b923