B2B E-Commerce Platform Market to Grow with Increasing Internet Penetration, Advancements in Technologies & Global Awareness - With 11.8% of CAGR by 2027

The e-commerce industry gathered pace in the early part of this decade with advancements in the internet infrastructures & speed, as well as increasing smartphones and internet penetration among the users. E-commerce sparked an upheaval in the consumers buying behavior and also changed the ways in which businesses interact with each other.

According to the new research report published by The Insight Partners, titled "b2b e-commerce platform Market - Global Analysis and Forecast to 2027", the global b2b e-commerce platform market is expected to reach US$ 1,909.1 Mn by 2027, registering a CAGR of 11.8% during the forecast period 2019-2027.

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The B2B e-commerce help companies to improve operational efficiency and reduce costs, strengthen relationships with existing customers, grow the business, deliver the right information to distributors, partners, resellers, and customers. There are various characteristics that are offered by the B2B e-commerce platform to provide the benefits. These characteristics include integration, support for different business models in the demand chain, cross-channel content management, support for complex workflows and client self-management.

The consistent advancement in technology along with periodic modification into the existing industry standard practice is anticipated, continue to offer steady market growth opportunities for the business to business e-commerce platform market players. Besides, the recent rise in emphasis towards the integration of digital technologies into the business to business e-commerce solutions are gaining significant traction and subsequently is projected to be the dominant market driving force during the coming few years. Furthermore, the continuous economic prosperity, along with growing logistic and trade investments in emerging economies, is also expected to provide attractive business growth opportunities for the market players during the coming years.

Major Players Operating in the B2B E-Commerce Platform Market are Apttus Corporation, Big Cartel, LLC, Infomart2000 CORP. (3DCART), Insite Software Solutions, Inc., KIBO Software, Inc., Magneto IT Solutions Pvt. Ltd, Shopify Inc., Salesforce.com, Inc., Volusion, LLC, and WooCommerce (Automattic Inc.).

The report segments the global b2b e-commerce platform market as follows:

Global B2B E-Commerce Platform Market - By Type

- On-Premise
- Cloud

Global B2B E-Commerce Platform Market - By Enterprise Size

- SMEs
- Large Enterprise

Global B2B E-Commerce Platform Market - By End-user Industry

- Automotive
- Electrical & Electronics
- General Industries
- Others

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This release was published on openPR.