Report Ocean has recently published an extensive report on the B2B E-Commerce market, providing valuable insights into the factors shaping its growth. This comprehensive report delves into critical information about market drivers, constraints, and opportunities, empowering readers to gain a deep understanding of the market’s dynamics. Additionally, the report offers a detailed analysis of industry developments and emerging trends in the B2B E-Commerce market. It also conducts a comprehensive assessment of the market at both the global and regional levels, offering profound insights for businesses and stakeholders.
In 2021, the global B2B E-Commerce market reached a substantial size, with a value of $6.8 trillion. The market is projected to witness significant growth, with a forecast to reach around $26.5 trillion by 2030. This impressive growth is expected to occur at a compound annual growth rate (CAGR) of 17.5% during the forecast period from 2022 to 2030.
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Factors Driving the Market
Several key factors are anticipated to drive the growth of the B2B E-Commerce market:
- Growing Millennial Shoppers: The increasing number of millennial shoppers will be a major driver of B2B E-Commerce market growth. The convenience offered by B2B E-Commerce platforms is a significant contributing factor. B2B E-Commerce platforms offer various benefits, including increased efficiency and improved customer experience.
- Advancements in Delivery Services: The market is expected to witness ample growth opportunities in the coming years, thanks to advancements in delivery services. Technologies like Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) have significantly transformed the landscape of B2B E-Commerce. Moreover, efforts to enhance the consumer experience are also expected to contribute to the market’s growth.
- Investments in Advancing Capabilities: Companies are making substantial investments in enhancing their capabilities. For example, Flipkart Pvt. Ltd. announced the development of an in-house fund of $60 million to $100 million in 2019. These investments are expected to boost the B2B E-Commerce market. However, the complexity of B2B E-Commerce services may pose some limitations on market growth.
COVID-19 Impact Analysis
The COVID-19 pandemic led to a significant increase in the user base of online delivery portals. Many companies were forced to adopt online methods to navigate the challenges posed by the pandemic. This surge in online activities positively influenced the market. The market is also expected to witness potential opportunities in the future due to the substantial increase in internet penetration.
Regional Analysis
- Asia-Pacific: The B2B E-Commerce market in Asia-Pacific is expected to hold the largest market share in the coming years. The region’s large population and steadily rising internet usage are key factors contributing to this growth. Moreover, businesses in the region are increasingly shifting their operations online.
- North America: North America is poised to make a significant contribution to the B2B E-Commerce market, primarily due to the presence of prominent industry giants like Amazon.com Inc. and eBay Inc.
Key Market Players
Prominent players in the B2B E-Commerce market include:
- Amazon
- Alibaba
- Rakuten
- IndiaMART
- Walmart
- Mercateo
- Magento (Adobe)
- Global Sources
- Cdiscount Pro
- Price Minister SAS
- Fnac Pro
- Other Prominent Players
Market Segmentation
The global B2B E-Commerce market is segmented based on:
Deployment Model:
- Supplier-oriented
- Buyer-oriented
- Intermediary-oriented
Application:
- Home & Kitchen
- Consumer Electronics
- Industrial & Science
- Healthcare
- Clothing
- Beauty & Personal Care
- Sports Apparels
- Books & Stationary
- Automotive
- Others
About Report Ocean
Report Ocean is a renowned provider of market research reports, delivering high-quality insights to clients across various industries. Their mission is to empower clients to achieve their top-line and bottom-line objectives, ultimately enhancing their market share in today’s competitive environment. Report Ocean serves as a trusted source for innovative market research reports, offering a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.