Online B2B Working Platform Market Scope
B2B describes a digital marketplace where one business system offers products and services to another business system. In business-to-business (B2B) transactions, the webshop is typically used as a platform for placing orders while payments are made as in other B2B transactions, invoice to invoice, or via bank transfer. B2B vendors are often wholesalers or distributors. Regular consumers of theirs are frequently businesses that provide services to their own end users. Governmental entities that may have yearly contracts for the supply of specific items are another possibility. For these merchants, the B2B web shop can act as a platform for organizing procurement, placing recurrent delivery orders, and managing contract execution.
Global trade finance software is a fragmented market due to the presence of various players. The players are focusing on investing more development of the B2B platform to make it more user-friendly and to add other similar features. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Fragmented Players will contribute to the maximum growth of Global Online B2B Working Platform market throughout the predicted period.
Global Sources (china), eWorldTrade (United States), Alibaba (China), DH Gate (China), ECPlaza (South Korea), Fiber2Fasion (India), ECVV (China), Amazon Business (United States), HKTDC (China) and Made-in-China (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are EC21 (South Korea), SeeBiz Inc. (United States), Upwork (United States), Fiverr (Israel), Freelancer (Australia), Udaan (India), Moglix (India) and OfBusiness (India).
Segmentation Overview
The study have segmented the market of Global Online B2B Working Platform market , by Application (Art Design, Branding & Marketing, Education and Others) and Region with country level break-up.
On the basis of geography, the market of Online B2B Working Platform 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).
Online B2B Working Platform Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rapid Expansion Post Covid Pandemic
- Emerging Technologies and New Business Models
- Prioritize product discovery and information
- Rapid Expansion of E-Commerce
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Influencing Trends | - Fulfill Orders Even Faster
- Focusing On New Customers
- Invest In Ecommerce Platform Technology
- Personalize the Online Shopping Experience
- Sell Across Third-Party Online Marketplaces
- Digital Journeys with SAP Customer Portal Solutions
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Restraints | - The lack of Digital Standards and Laws as well as High costs Discourage Banks and Firms from Adopting Technology
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Road Blocks / Challenges | - Seamlessly Integration of Front-Office Design and Back-Office Structure for Suppliers and Buyers
- Special Attention Paid To Legal Regulations Regarding Documentation.
- Buying Processes and Pricing Should Be Clearly Explained
- User Experience Should Be More User Friendly
- B2B Buying Process is Long and Complex
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Gaps & Opportunities | - Deep ERP Integration with a B2B E-Commerce Platform
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Market Leaders and their Expansionary Development Strategies
In January 2022, Tech-enabled logistics and fulfillment company Shiprocket acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The Rocketbox will join the Shiprocket team, and continue to build the cargo product as part of this deal. Rocketbox, which is now Rocketbox by Shiprocket, brings a robust combination of technology, efficiency, expert cargo partners, and lower shipping costs to provide a hassle-free end-to-end experience for customers till the last mile.
In February 2022, Xeeva, a leader in AI-powered spend management and procurement software, announced a partnership with IndusUno, one of India’s largest B2B online marketplaces for buying and selling industrial equipment and business supplies. By partnering with Xeeva, IndusUno will be able to give easy access to pre-negotiated and pre-discounted items across several categories to its customers. This helps new customers drive more compliance, create newfound savings, and gives category managers access to its full catalog.
Key Target Audience
Manufacturers, Wholesalers/Retailers, Suppliers, E-Commerce Platform, Small/medium-sized company and End User
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.