What is B2B E-Commerce Market?
B2B e commerce is the sale of products or services between businesses through online portal. It improves the efficiency and effectiveness of sales efforts. Also, the orders are received digitally and reduce the overhead costs. However, the transactions of B2B are more complex as compared to B2C. The prices are also variable as the businesses are large entities. In addition, it has complicated shipping requirements. The need of investing in digital channel is growing which is increasing the demand of B2B eCommerce.
Highlights from B2B E-Commerce Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM Digital (United States), Oracle (United States), SAP (Germany), Amazon Inc. (United States), Alibaba (China), Axway (France), Netalogue Inc. (United Kingdom), Phoenix Biz Solutions (United Kingdom), Techdinamics (Canada) and B2W (Brazil) |
The global B2B e commerce market is witnessing rise in competitiveness among the players. In terms of market share, the major players are currently dominating. However, some of the companies are increasing the market presence by securing new contracts and tapping new markets. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global B2B E-Commerce market throughout the forecasted period.
IBM Digital (United States), Oracle (United States), SAP (Germany), Amazon Inc. (United States), Alibaba (China), Axway (France), Netalogue Inc. (United Kingdom), Phoenix Biz Solutions (United Kingdom), Techdinamics (Canada) and B2W (Brazil) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are DIYtrade.com (China), Flipkart (India), Focust technology co (China), Global sources (Bermuda) and Tradekey.com (Saudi Arabia). B2B E-Commerce Market Segmentation:
Scope | Sub-Segments |
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Type | Buyer oriented, Supplier oriented and Intermediary oriented |
Platform | Android,IoS,Windows |
Organization size | SMEs,Large enterprises |
Industry vertical | Fashion and Apparel,Automotive,Food & Beverages,Pharma & Healthcare,Computer & Electronics,Others |
On the basis of geography, the market of B2B E-Commerce has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Cloud Computing
Market Growth Drivers:
Increase in Internet Usage and Smartphones are fueling the Market and Benefits Such as Increased Efficiency and Effectiveness in Sales
Challenges:
Issues Related to Data Privacy
Restraints:
Increase in Number of Internet Frauds
Opportunities:
Adoption of E Commerce Platforms by SMEs and Increasing Number of Social Media and Internet Users
Key Target Audience
B2B eCommerce companies, Government associations, Research organizations, Enterprise software vendors and Others
Market Leaders & Development Strategies
In April 2023, the global leader in B2B integration and EDI acquired AdValvas, a European specialist in electronic invoicing processes. The acquisition further strengthens Axway's position as a leader in B2B integration and adds new capabilities in the areas of invoicing and compliance. This includes built-in support for Peppol and VAT reforms in France, and other worldwide business-to-government (B2G) and B2B e-invoicing mandates.
In December 2019, TrueCommerce, a global provider of trading partner connections, integrations, and integrated commerce solutions, acquired Netalogue Technologies plc, the UK's leading B2B e-commerce solutions provider. This addition complements the TrueCommerce portfolio by providing strategic technology services that strengthen our commerce network across Europe.