Press release
Global Business-to-Business Electronic Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Business-to-Business Electronic
What Is the Expected Business-to-Business Electronic Market Size During the Forecast Period?
In recent times, the size of the business-to-business electronic market has been consistently expanding. It is projected to grow from $35.55 billion in 2024 to $37.07 billion in 2025, with a compound annual growth rate (CAGR) of 4.3%. Factors contributing to this growth over the historical period include the rise of mobile technology, widespread internet access, the advent of early e-commerce platforms, the adoption of Electronic Data Interchange (EDI), the integration of Enterprise Resource Planning (ERP) systems, and the effects of globalization.
In the coming years, a significant rise in the business-to-business electronic market size is projected, with an anticipated value of $43.07 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.8%. The growth prediction for this period is primarily based on factors such as the advancement of cloud-based solutions, emphasis on user personalization, development of the API economy, expanding e-procurement, and improved cybersecurity measures. In the forecast period, data analytics and insights, tailored services, application of blockchain for enhanced security, IoT applications, and a focus on user experience (UX) are expected to emerge as trend setters.
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What Are the High-Growth Segments in the Business-to-Business Electronic Market?
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)
Subsegments:
1) By Supplier-Oriented: Supplier Portals, E-Procurement Platforms, Catalog Management Systems
2) By Buyer-Oriented: Buyer Portals, Direct Purchasing Platforms, Reverse Auctions
3) By Intermediary-Oriented: B2B marketplaces, Trading Exchanges, E- market Platforms
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What Key Drivers Are Expected to Influence Future Business-to-Business Electronic Market Growth?
The business-to-business electronics industry is expected to expand due to the increasing number of corporations transitioning to electronic or e-commerce platforms to establish their digital presence. Companies are able to access a broader consumer demographic, cut costs, and enhance efficacy by digitizing routine tasks thanks to B2B electronic markets. Moreover, these platforms provide further opportunities for manufacturers to establish partnerships with suppliers and distributors. As an example, in February 2023, Forbes Advisor, a finance consultation platform associated with the well-known business and finance journal Forbes, revealed a significant surge in global online sales. Statistics demonstrate an increase from $5.21 trillion in 2021 to $5.71 trillion in 2022, with predictions hinting at a rise to $8.14 trillion by 2026. On top of that, a forecasted 20.8% of retail purchases are anticipated to be made online in 2023. As a result, the business-to-business electronic market is set to keep growing due to the continued rise in online sales via e-commerce platforms.
Which Companies Hold the Largest Share Across Different Business-to-Business Electronic Market Segments?
Major companies operating in the business-to-business electronic market include Walmart Inc., Amazon.com Inc., Alibaba Group Holding Limited, Rakuten Group 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.
What Trends Are Driving Growth in The Business-to-Business Electronic Market?
The emergence of company-owned B2B marketplaces for the sale of products online and satisfying the demand for specialty items is being viewed as a major trend in the B2B electronics sector. For example, Siemens AG, an automation company based in Germany, launched Siemens Xcelerator in June 2022. This open digital platform is designed to fast-track digital transformation across various sectors, including buildings, grids, and mobility. It provides a scalable array of IoT-enabled hardware, software, and digital services from Siemens along with third-party providers. It also has a growing partner ecosystem that backs it. The platform fosters collaboration through a burgeoning marketplace and its cloud-based, "as-a-service" model ensures smooth hardware updates. By converging operational and information technology, Siemens Xcelerator is designed to enhance productivity and spur innovation for businesses all over the world.
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What Are the Emerging Geographies for The Business-to-Business Electronic Market Growth?
Asia-Pacific was the largest region in the business-to-business electronic market in 2024. North America was the second-largest region in the global business-to-business electronic market share. The regions covered in the business-to-business electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Business-to-Business Electronic Market?
2. What is the CAGR expected in the Business-to-Business Electronic Market?
3. What Are the Key Innovations Transforming the Business-to-Business Electronic Industry?
4. Which Region Is Leading the Business-to-Business Electronic Market?
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