B2B E-Commerce Market to Surge at 16.5% CAGR, which is anticipated to reach USD 28.5 trillion by 2030
CRI Report has released a report titled “B2B E-Commerce Market –Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 28.5 trillion by 2030. According to CRI Report, a significant number of startups are entering the B2B e-commerce space to take advantage of the opportunities and profits of these markets. B2B is considered to be the fastest-growing e-commerce platform and offers great potential for small and medium-sized companies. The growth of vertical or specialized markets is one of the latest trends in B2B E-Commerce Market. Companies are increasingly using big data to offer a personalized customer experience. Market thrust has become one of the biggest trends in B2B e-commerce due to the increasing popularity of a mobile business. Cloud systems are on the rise as conventional platforms that are not designed for this size are overloaded.B2B e-commerce companies are also integrating their systems and platforms to create an omnichannel interaction with their customers.
The market report on B2B E-Commerce Market includes in-depth insights as:
- The estimated value of the market was USD 6.4 trillion in the year 2020.
- B2B E-Commerce in Asia Pacific held the largest market share in the year 2020.
- Based on Deployment Model, Intermediary-oriented emerged as a key segment in the B2B E-Commerce market.
- Based on Application, Home & Kitchen emerged as a key segment in the B2B E-Commerce market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“The need to improve the customer experience, increase sales, reduce costs, and be more efficient are three common factors that drive a company to adopt B2B e-commerce. B2B e-commerce not only increases efficiency, it also improves the customer experience. Occurrence of various technological advances, for example, AI (Artificial Intelligence), VR (Virtual Reality), AR (Augmented Reality), etc., these were bases in view of the growing popularity of the B2B E-Commerce Market”, according to this report
B2B e-commerce is the sale of goods or services between companies via an online sales portal. Generally, it is used to improve the efficiency and effectiveness of a company’s sales efforts. Instead of taking orders manually, by phone, or by email using human resources (sales reps) – orders are taken digitally, reducing overall costs B2B buyers are rapidly moving towards a digital-first approach and are increasingly looking for online transactions your own time. the B2B landscape.
B2B E-Commerce Market is segmented by Deployment Model into Intermediary-oriented, Buyer-Oriented, and Supplier-oriented. The Intermediary-oriented segment dominated the market with a revenue share of more than 50% in 2020. The middleman model is a boon for businesses to scale and will play a critical role in supporting the growth of the middleman-centric segment in the e-commerce market Business to Business (B2B). Additionally, the Supplier-oriented B2B e-commerce model is expected to have a large CAGR from 2020 to 2030. Cisco Connection Online is a classic example of a provider-centric business-to-business model. For example, Dell sells over 85% of its computers to businesses through a Supplier-oriented model.
Key Players in the Market
- Some of the key players operating in the B2B E-Commerce Market are Amazon, Alibaba, Rakuten, India MART, Walmart, Mercateo, Magento (Adobe), Global Sources, Cdiscount Pro, Price Minister SAS, Fnac Pro, Get Valuable Insights into B2B E-Commerce Market.
In the new report, CRI Report thrives to present an unbiased analysis of the B2B E-Commerce Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. B2B E-Commerce market is segmented By Deployment Model into Intermediary-oriented, Buyer-Oriented, and Supplier-oriented; By Application into Home & Kitchen, Consumer Electronics, Industrial & Science, Healthcare, Clothing, Beauty & Personal Care, Sports Apparels, Books & Stationary, Automotive, Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.
