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B2B E-commerce Market – Industry Dynamics, Market Size, And Opportunity Forecast To 2027

B2B E-commerce Market By Type (Cleaning Supplies, Hospitality Products, Industrial & MRO, IT Products, Office supplies, Pantry Products, Others); By Payment Mode (Credit Card, Net Banking, Mobile Wallet Apps, Others); By Enterprise size (Small & Medium Enterprises, Large Enterprises); By Region, Competition, Opportunities, and Forecast To 2027

  • Published On: 22-Oct-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA1021098
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
B2B E-commerce Market

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FREQUENTLY ASKED QUESTIONS

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. 

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