Global B2B E-commerce Market holds an opportunity of US$ 10,248.1 Billion during 2021-2027. With the compounded annual growth rate (CAGR) of 14.1% during the forecast period 2021-2027, it has been estimated that the industry will mark the revenue of US$ 18,771.4 Billion by end of the year 2027.
B2B E-commerce industry is gaining an advent based upon technological advancement and smooth integration of AI and cloud with e-commerce platforms, resulting in improved customer experience, the rising scope for new opportunities, and other benefits in the E-commerce industry.
The report ‘Global B2B E-commerce Market’ published by Astute Analytica spans 177 pages that include a visual depiction of statistical data, information, trends, and opportunities all pertaining to the market. The report details 15 chapters that include 34 tables and 81 figures. It provides a comprehensive analysis of the global B2B E-commerce market covering different segments and different regions across the world, major companies have been profiled in the report with the purpose of providing an understanding of operations and strategies across the industry.
B2B E-commerce chains involve manufacturers, wholesalers, or retailers. The report includes a detailed analysis of the market and explains various factors like drivers and opportunities to better understand how companies are capturing key market shares. The report investigates trends like new payment methods to analyze the market opportunities. As per the studies, the ‘Mobile Wallet App’ segment records the highest CAGR i.e., of 17% in the market across all segments and sub-segments; the segment recorded a revenue of US$ 871.3 Billion in the year 2020.
The report includes an in-depth value chain analysis of the global B2B e-commerce market to understand the flow of information and materials in the market along with stakeholder mapping and value-added parts at each level.
Price analysis of different E-commerce platforms was conducted to compare the cost and benefit that pertains to the market. Some of those platforms include Shopify Plus, Oracle Suite Commerce, WooCommerce, Magento B2B Commerce, etc. The prices across these platforms range from US$ 379 to US$ 40,000 per month.
The report also includes an analysis of Porter’s five forces in which the bargaining power of customers is high due to the presence of a huge number of suppliers in online E-commerce channels.
Under the competitor dashboard section, the analysts at Astute Analytica have presented mapping and benchmarking of major market players to study the competition that exists in the market. Out of all the companies analyzed, Alibaba and Amazon accounted for major shareholding with growth in their market position. Analyzing the market opportunities and strategies adopted by key companies shows that the shareholding pattern will continue for the long term. For instance, by the end of the year 2024, Alibaba’s vision is to acquire over 1 billion annual active consumers and achieve over RMB10 trillion (US$ 1.57 trillion) in annual consumption. To achieve this goal, the company plans to expand its cloud business internationally by inaugurating new data centers across different countries in Asia by 2022. Whereas Amazon’s strategies are driven by customer experience rather than their competitors’ operations. Hence, the upper layer of the market pyramid is captured by 3-4 major companies with dominant shareholding, while the lower layer is fragmented in nature and is anticipated to move towards the transition phase over the mid-terms across the world.
In 2020, Asia Pacific is the dominating geographical market, accounting for 65.6% of total B2B e-commerce sales, and is growing at the highest compound annual growth rate of about 15.6%.
In the company profile section, some of the major players in the market have been identified. Details covered of these companies include Business Overview, Strategic outlook, Product Portfolio, Outline on Company’s Financials and Recent Developments among others. The cumulative market share of the five major players is close to 60%, hence the market is analyzed to be oligopoly in nature. Some of the key providers that are profiled in the report are:
The report offers a detailed study of the impact of the Covid- 19 outbreak on the global B2B E-commerce market. The report provides the results of supply chain disruption and explains how lockdown increased prices in the market. In the report, analysts have depicted trend line analysis to show the impact of Covid-19 on the market. Analysis span over various time periods and covers post covid effects on the Global B2B E-commerce Market.
In the early months of the pandemic, the global B2B e-commerce market saw a boost in revenue that is expected to have mid-term impacts. The impact of a pandemic is positive on the market with an increasing number of new enterprises, clients, and product categories, implying a long-term shift in e-commerce transactions. Companies with online business models have sustained the sudden crunch in revenue generation and operation during the initial phase of Covid-19, as other businesses were otherwise stalled. Covid-19 has altered the way businesses employ digital solutions for B2B E-commerce. Increasing the adoption of online distribution channels to run the business may keep the pace of the market over the forecast period. With businesses shifting to an online platform, the unprecedented growth is expected to last till the year 2023.
In the report, the Global B2B E-commerce market is segmented based on Type, Payment Mode, Enterprise Size and Region. The report evaluates that North America is expected to rise rapidly over the projection period. This expansion is credited to the presence of large corporations such as eBay Inc., Amazon.com Inc. that has built strong B2B sales channels in the region.
The market is segmented into different categories, namely:
By Type
By Payment Mode
By Enterprise Size
By Region
Report Attribute | Details |
---|---|
Market Size Value in 2020 | US$ 7,528.9 Bn |
Expected Revenue in 2027 | US$ 18,771.4 Bn |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Unit | Value (USD Bn) |
CAGR | 14.1% [2022-2027] |
Segments covered | By Type, By Payment Mode, By Enterprise Size, and Region |
Regional Scope | North America; Europe; Asia Pacific; Middle East & Africa; South America |
Key Companies | Alibaba, Amazon, eBay Inc., Flipkart, Eworldtrade, and other prominent players. |
Customization Scope | Get your customized report as per your preference. Ask for customization |
In the study conducted by Astute Analytica, the market size was US$ 7,528.9 Billion in the year 2020.
B2B E-Commerce short for business-to-business electronic commerce; a commercial transactions between businesses via online channels. In other words, transactions of sale of goods and services between businesses through any of the online sale platforms is called B2B E-Commerce.
In B2B E-Commerce business is selling to other businesses only, but in B2C E-Commerce business is selling to end-users directly. The marketing strategies that pertain in both transactions are completely different.
Alibaba, Amazon, eBay Inc., Flipkart, e-worldtrade, Global Source, IndiaMart, Thomasnet, etc. are some of the key companies that provide B2B E-Commerce services. Top five players in the market hold 58.8% of the total market share while the rest is occupied by local players.
Alibaba holds the highest market share of 30.1% globally. This is closely followed by Amazon and JD.com.
In the year 2020, e-commerce experienced unprecedented growth. The pandemic has hastened digital transitions.
Small & Medium Enterprise segment holds the highest market share of 80% in the year 2020. However, large enterprise is estimated to record highest CAGR in the forecast period 2021-2027 as compared to other enterprise category.
B2B E-Commerce platforms helps business to strengthen their market presence not only locally but also internationally. The B2B ecommerce portals are a way of increasing their customer reach. The transactions carried out through e-commerce platforms achieve more efficiency at lower costs.
According to the report by Astute Analytica, the Global B2B E-Commerce Market is projected to record a revenue of US$ 18,771.4 Bn by 2027.
Demographic influence shaping customer’s need and changing lifestyle during pandemic are some social factors shaping B2B trade preference.
Asia-Pacific B2B e-commerce industry accounted US$ 4,940.7 Bn in the year 2020.