Press release
Business-To-Business E-Commerce Market is projected to grow at a significant CAGR of 18.3% by 2029 | Size, Share, Analysis & Forecast
Business-To-Business E-Commerce Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/product/business-to-business-b2b-ecommerce-market-analysis-industry-research/
The factors driving the growth of Business-To-Business E-Commerce Market includes increasing application of B2B business e-commerce in business activities such as legal, digital, and accounting, growing penetration of smartphones, laptops, and tablets, rising trend of online shopping around the world and improvements in the living standards. Moreover, rising influence of social media platforms, growing focus by major companies on enhancing consumers experience, emergence of private-label and direct-to-consumer business models, increasing volumes of business transactions and rapid urbanization, are some of the additional factors supplementing the Business-To-Business E-Commerce Market size. In addition, the increasing investments by major corporations on research and development, growing adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Cloud Computing and rising population growth rates, are further contributing towards the market growth.
However, growth of the Business-To-Business E-Commerce Market is hindered due to rising concerns related to data privacy.
The major players operating in the Business-To-Business E-Commerce Market are Medline Industries, Inc., Thomas Publishing Company, DIYTrade.com, Amazon Com, Inc., eBay Inc., Walmart Inc., KOMPASS, eworldtrade.com, Alibaba Group Holding Limited, IndiaMART InterMESH Limited, Inxeption Corporation, and Znode, among others.
Based on Deployment Type, the Intermediary-Oriented segment is predicted to grow at a significant CAGR during the forecast period
The intermediary oriented B2B Ecommerce models assists in pre-sales, provides customization and aids in settling transaction between buyers and sellers, are some of the factors responsible for the segment' growth.
Based on Application, the Automotive segment is projected to expand at a robust CAGR over the forecast period
Increasing availability of automotive parts such as emission controls and clutches and b2b e-commerce paleomes provide detailed information about products, easy invoicing, and credit memos, are propelling growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
As per the Business-To-Business E-Commerce Market Report, presence of the leading players such as Alibaba Group Holding Limited and IndiaMART InterMESH Limited, rapid urbanization, growing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
In 2020, Spindustry, collaborated with Znode, an enterprise B2B e-commerce platform. This collaboration will serve the B2B ecommerce business of Spindustry as well as focus on serving more customers in the agriculture industry.
In 2019, UPS, one of the global leaders in logistics partnered with Inxeption and developed a platform called Inxeption Zippy, which helps businesses in setting up market and distribute their products on multiple online channels, from one secure place.
Market Segmentation
Segmentation by Deployment Type
Supplier-Oriented
Buyer-Oriented
Intermediary-Oriented
Segmentation by Application
Home & Kitchen Application
Consumer Electronics
Industrial & Science
Healthcare
Clothing
Beauty & Personal Care
Sports Apparels
Books & Stationary
Automotive
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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