Global business-to-business (B2B) e-commerce market is

NEW DELHI, May 30, 2022 (GLOBE NEWSWIRE) — The global business-to-business e-commerce market is anticipated to register at a CAGR of 14.1% during the forecast period 2022-2027. The global B2B e-commerce market should reach $18,771.4 billion by 2027.

The increased focus on digital experiences, the rising popularity of specialized B2B online marketplaces and the shift of retail establishments to online businesses are the factors that are boosting the B2B e-commerce market. Modern B2B buyers make a significant contribution to the overall shopping experience. B2B sellers have a strong focus on providing personalized services specifically tailored to the needs of individual buyers. The increasing emphasis on digital sales channels helped the B2B industry to generate more sales and also made it easier for buyers. In addition, with increasing technological advances and demand factors, the specialized B2B marketplace is growing rapidly and moving towards high impact. Additionally, the introduction of new payment options and the demand for fast B2B order processing are creating a lucrative growth opportunity in the market.

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The introduction and simplicity of new payment methods will attract new buyers, and the increase in transactions will in turn have a major impact on B2B business profits. However, supply chain disruptions directly affect B2B sales, lack of standard solutions, political instability considerations impact B2B trade and limit market growth. Political instability does affect business trade to some extent, but they are unlikely to affect it in the long term. The impact will slow as nations and companies work to recoup losses and relax regulatory guidelines.

Market Insights

On the basis of type, the IT products segment held the largest share of the B2B e-commerce market in 2021 as the digital economy is making a significant impact on global development as well as the socio-economic well-being of citizens. Everything from resource allocation to income distribution to growth is affected. While Pantry products are projected to grow at the highest CAGR during the forecast period. In addition, based on payment mode, the check segment is the most used B2B payment method in 2021 as it offers various advantages including reliability, easy tracking and the lack of a bank account. While the mobile wallet apps segment is expected to forecast the highest CAGR over the forecast period as it allows one-off payments on its own without relying on third parties and also offers a secure transaction. Furthermore, the small and medium-sized business segment by company size dominated the B2B e-commerce market in 2021. Enterprise adoption of business-to-business (B2B) technologies is expected to increase process efficiency, reduce costs, improve information quality and availability, eliminate misconduct and improve service. On the other hand, the large enterprise segment is expected to grow at the highest CAGR during the forecast period.

By region, Asia-Pacific holds the largest market share in 2021 as rising internet penetration and smartphone usage have led to a surge in the number of online vendors and customers across the region. Also, Asia Pacific is expected to register the highest CAGR in the market during the forecast period. Additionally, North America is also expected to rise rapidly over the projection horizon. The presence of large companies such as eBay Inc., Amazon.com Inc. and others have established strong B2B sales channels in the regions.

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report attribute details
Market size value in 2021 $8,523.3 billion
Market outlook for 2027 $18,771.4 billion
Expected CAGR growth 14.1%
base year 2021
forecast period 2022-2027
top market participants Alibaba, Amazon, Inc., ChinaAseanTrade, DIYTrade, eBay Inc, eWorldTrade, Flipkart, Global Source, IndiaMART InterMESH Ltd, KellySearch and KOMPASS among others
Covered Segments By type, by payment mode, by company size, by region
Regions Covered North America, Europe, Asia Pacific, Middle East & Africa, South America
customization options Get your individual report according to your wishes. Ask for customization

competitive insight

The global B2B eCommerce market is highly competitive to increase its presence in the market. Some of the major players in the market include Alibaba, Amazon, Inc., ChinaAseanTrade, DIYTrade, eBay Inc, eWorldTrade, Flipkart, Global Source, IndiaMART InterMESH Ltd, KellySearch, and KOMPASS, among others.

company profile

  • Alibaba Group Holding Limited is a Chinese multinational technology company specialized in e-commerce, retail, internet and technology. Their business spans core commerce, cloud computing, digital media and entertainment. In addition, they provide retailers, brands and other businesses with a technological infrastructure and marketing reach to harness the power of new technologies to connect with their customers and grow their respective businesses in the future.
  • Amazon.com, Inc. is a technology company focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. Along with Google, Apple, Microsoft and Facebook, it is one of the Big Five in the US information technology industry. The company is also a provider of cloud services through AWS and a leader in digital assistants powered by Alexa and Echo.
  • eBay Inc. is an e-commerce company based in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website. It is one of the largest online retail companies in the world. Additionally, Ebay’s strategy is to provide a global trading platform where virtually anyone can trade virtually anything.
  • Global Source is one of Hong Kong’s growing B2B marketplaces, bridging the gap between buyers and sellers online and offline through trade shows, digital platforms and magazines. In addition, the company’s goal is to be the most trusted, customer-centric, multi-channel B2B trading platform, connecting authentic buyers and suppliers worldwide with customized solutions and reliable market intelligence.

Global B2B E-Commerce Market segment overview:

By type

  • cleaning supplies
  • hospitality products
  • Industry & MRO
  • IT products
  • office supplies
  • Pantry Products
  • Other

By payment mode

  • Credit card
  • Net Banking
  • Mobile wallet apps
  • Other

By company size

  • Small and medium-sized businesses
  • Large companies

By region

  • Europe
    • The United Kingdom
    • 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

For more insight into the market with detailed TOC and numbers, click here: https://www.astuteanalytica.com/industry-report/b2b-e-commerce-market

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