B2B E-Commerce Market - 2022 by Manufacturers, Regions, Size, Share, Forecast to 2028 | by Amazon.com Inc, ChinaAseanTrade.com, DIYTrade.com

New Jersey, United States - Analysis of B2B E-Commerce Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast

The size of the global business-to-business e-commerce industry, estimated at USD 6,883.47 billion in 2021, is anticipated to rise at a CAGR of 19.7% from 2022 to 2028. Consumer preferences for online shopping have changed as a result of the COVID-19 epidemic, opening up new opportunities for industry expansion. The outlook for B2B companies has also improved as a result of the closure of physical stores and a rise in online orders.

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B2B marketplaces have many advantages, including customer-centricity, scalability, accuracy in analytics, and digital capabilities. The B2B e-commerce market can now provide a better consumer experience because of technical advancements like the use of artificial intelligence and cloud computing. The internet has become a potent tool for connecting sellers and buyers more efficiently. An organization's value chain is greatly impacted by internet capabilities.

In a time of weak economic activity, the COVID-19 pandemic has increased demand for online shopping. The epidemic affected various firms worldwide in the first half of 2020. Many individuals and businesses turned to the internet to buy and sell products and services due to constraints on staying at home. Additionally, the growth of web apps and cloud services has increased the demand for B2B e-commerce companies. To build a sustainable future for their various firms, manufacturers, wholesalers, and distributors have been gradually experiencing digital transformation throughout time. The British mutual financial institution Nationwide Mutual Insurance Company announced in December 2020 that it has expanded its collaboration with AWS by choosing it as its cloud provider for the company-wide digital transformation.

Division segment:

The market can be divided into supplier-oriented, buyer-oriented, and intermediary-oriented models depending on the kind of deployment. In 2021, the intermediary-focused market segment held a commanding revenue share of more than 50.0%. Trade between manufacturers and customers is governed by this approach. It is also a popular option because it liberates businesses, especially MSMEs, from the expensive expense of website development, logistics, and customer service.

It is also anticipated that the supplier-focused business-to-business e-commerce model will gain traction, with a CAGR of more than 15.0% from 2021 to 2028. Local enterprises looking to expand into foreign nations or areas frequently use this model. A well-known corporation that uses the supplier-oriented deployment methodology is Dell Inc.

The market has been divided into sections for home and kitchen, consumer electronics, industrial and science, healthcare, clothes, cosmetics & personal care, sports apparel, books & stationery, and automobile based on applications. Home and kitchen products made up the greatest portion of the global B2B e-commerce market in 2021, with a market size estimated at USD 1,511.13 billion. The COVID-19 effect and the expansion of online purchasing have both fuelled the segment's expansion.

Regional analysis:

During the projection period, Asia Pacific is anticipated to rise gradually in comparison to other regions, accounting for over 65.0% of the revenue share in 2021. The vendors in this area are concentrating on creating services that are compatible with the newest technology to support their operational, marketing, and business goals in the long run. While this is happening, North America is anticipated to develop at a strong rate thanks to the existence of global powerhouses like Amazon.com, Inc. and eBay, Inc. To safeguard the personal and transactional information of their clients, North American governments have established security legislation.

Additionally, before collecting personal information from their clients, e-commerce enterprises must make their privacy policies transparent in accordance with state and federal data security and privacy protection regulations. These elements assist companies in providing consumers with improved online purchasing experiences, which in turn fuels market expansion. The expansion of the North American B2B e-commerce market is also being aided by the ongoing development of numerous B2B web apps. B2B e-commerce requires B2B web apps for many different features, including tracking leads and monitoring sales activities. However, growing worries about data security and privacy protection as a result of an increase in hack occurrences is projected to impede the expansion of the regional industry.

Competitive analysis:

Some of prominent players in the global business-to-business e-commerce market include
• Amazon.com, Inc.
• ChinaAseanTrade.com
• DIYTrade.com
• eBay Inc.
• eworldtrade.com
• Flexfire LEDs
• Flipkart.com
• IndiaMART InterMESH Ltd.
• KOMPASS
• Quill Lincolnshire, Inc.

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