Press release
Business-to-Business Electronic Global Market Size, Share Report, Growth Prospects, Developments Plans, Future Insights and Trends Analysis Till 2033
Business-To-Business Electronic Global Market
The Business Research Company presents an extensive market research report on the Business-to-Business Electronic Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The business-to-business electronic market size has grown steadily in recent years. It will grow from $32.76 billion in 2023 to $33.58 billion in 2024 at a compound annual growth rate (CAGR) of 2.5%. The growth in the historic period can be attributed to growth of mobile technology influence, internet proliferation, early e-commerce platforms, edi adoption, integration of erp systems, globalization impact.
The business-to-business electronic market size is expected to see steady growth in the next few years. It will grow to $37.1 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The growth in the forecast period can be attributed to cloud-based solutions, focus on personalization, api economy development, expansion of e-procurement, enhanced cybersecurity measures. Major trends in the forecast period include data analytics and insights, personalization of services, blockchain for security, iot applications, focus on user experience (ux).
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Key Market Players:
Major companies operating in the business-to-business electronic market report are Walmart Inc., Amazon.com Inc., Alibaba Group Holding Limited, Rakuten Group Inc., eBay Inc., Kelly's Directories Ltd., MFG.com, Global Sources Trade Ltd., BusyTrade.com, Indiamart Intermesh Ltd., Hong Kong Trade Development Council, Tradekey Pvt Ltd., Made-in-China.com, EC21 Inc., DIYTrade.com, eworldtrade.com, Gasgoo International Co. Ltd., TradeIndia.com, EC Plaza Network Inc., ExportHub Inc., ChinaAseanTrade.com, Thomas Industrial Network Inc., Kompass India Information Private Limited, Taiwan External Trade Development Council, Eceurope Co.
Market Drivers:
The surge in the inclination of companies towards electronic or e-commerce platforms to mark their online presence is expected to contribute to the growth of business-to-business electronics. Business-to-business electronic markets help companies reach a large consumer base, reduce costs, and improve efficiency by automating manual processes. B2B electronic markets increase opportunities for manufacturers to collaborate with suppliers and distributors. For instance, in February 2023, Forbes Advisor, a financial advice platform affiliated with the renowned business and finance publication Forbes, reported a substantial increase in global online sales. The figures show a rise from $5.21 trillion in 2021 to $5.71 trillion in 2022, with projections indicating an expected surge to $8.14 trillion by 2026. Additionally, 20.8% of retail purchases are expected to take place online in 2023. Therefore, the surge in online sales on the ecommerce platforms will continue to contribute to the growth of the business-to-business electronic market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/businesstobusiness-electronic-global-market-report
The business-to-business electronic market covered in this report is segmented -
1) By Deployment Type: Supplier-Oriented, Buyer-Oriented, Intermediary-Oriented
2) By Application: Home And Kitchen, Consumer Electronics, Healthcare, Clothing, Beauty And Personal Care, Sports Apparels, Automotive, Other Applications
3) By End Users: Network as a Service (NAAS), Data as a Service (DAAS), Storage as a Service (STAAS), Back-end as a Service (BAAS)
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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