Global B2b Ecommerce Market Forecast 2023-2032

Global B2b Ecommerce Market Forecast 2023-2032
KEY FINDINGS

The global B2B eCommerce market is estimated to rise with a CAGR of 22.50% during the forecast period, 2023-2032. The expanding usage and adoption of diverse payment methods, technological innovations, and the increasing number of digital orders.

MARKET INSIGHTS

B2B eCommerce sells or exchanges services or goods between businesses through an online sales portal. The transaction is between two companies, which include online retailers and wholesalers. Through eCommerce, organizations and businesses can easily measure and evaluate marketing campaigns, product mix, sales effectiveness, customer sales effectiveness, inventory turns, and customer engagement. Therefore, increasing the number of digital buyers and online orders is expected to propel market growth.

Furthermore, the global spread of COVID-19 has expedited the need for eCommerce amidst a phase of sluggish economic conditions. Throughout the initial half of 2020, multiple businesses worldwide felt the effects of COVID-19. In light of stay-at-home mandates, numerous enterprises and individuals transitioned to the digital realm for the purpose of conducting online transactions of products and services. Additionally, purchasers are seeking enhanced convenience, customization, a revitalized emphasis on service, and engagement in business-to-business online marketplaces.

REGIONAL INSIGHTS

The B2B eCommerce market growth evaluation entails an analysis of North America, Europe, Asia-Pacific, and Rest of World. Asia-Pacific is expected to capture the highest market share during the forecast period owing to the increased penetration of the internet and a surge in the adoption of online marketplaces and websites.

COMPETITIVE INSIGHTS

The intensity of competitive rivalry in the global B2B eCommerce market is expected to remain high over the forecast period. The established market players compete on the basis of technological innovations, customer service, delivery speed, and the range of products. Some of the leading market players are Alibaba Group Holding Ltd, Amazon Inc, Thomasnet, Quill Lincolnshire Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments