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

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. 

Report Synopsis

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:

• Alibaba
• Amazon
• eBay Inc.
• Flipkart
• Eworldtrade
• Global Source
• IndiaMart
• Thomasnet
• ChinaAseanTrade
• DIYTrade
• EC21
• InterMESH Ltd.
• KellySearch
• KOMPASS
• Walmart
• Other prominent players

COVID-19 Impact on the global B2B E-commerce Market

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.

Market Segmentation Overview

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

• 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 

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America