Market Size of Global B2B E-commerce Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 12.36 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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B2B E-Commerce Market Analysis
The Global B2B E-commerce Market is expected to register a CAGR of 12.36% during the forecast period.
The Global B2B E-commerce market is anticipated to register a CAGR of 12.36% over the forecast period from 2022 to 2027. B2B e-commerce marketplaces offer various benefits, including scalability, accuracy in analytics, digital capabilities, and a customer-centric approach.
- Technological advancements such as artificial intelligence and cloud technologies enabled B2B e-commerce companies to deliver improved customer experience. The changing customer expectations and increasing order complexity have necessitated the digitalization of B2B e-commerce.
- With the increased adoption of e-commerce for B2B applications, recognizing and making personalized product recommendations to the customer has increased to analyze the company's performance and further adapt to the changes based on customer behavior.
- Recently, customers are connecting with the brands they trust to perform business. Also, the increase in technology adoption, such as various smart devices, makes it easy for the customers to compare the products and offerings across multiple channels. With such challenges, B2B e-commerce companies are adopting an omnichannel approach for performing business.
- However, with the increasing adoption of B2B E-commerce, there has been a growing concern about cyber security and data protection. Companies are innovating with technology to stay competitive in the market, increasing cybersecurity threats as cyber attackers are constantly honing for vulnerabilities to exploit.
- With the onset of the pandemic, B2B E-commerce has had a massive shift towards digitalization as buyers and sellers have preferred digital self-serve and remote human engagement. Further, due to various lockdowns imposed worldwide, B2B e-commerce has faced severe supply chain disruptions leading to delayed order times and loss of business.
B2B E-Commerce Industry Segmentation
B2B E-commerce refers to selling goods and services between businesses over the internet. Companies that provide direct sales and marketplace sales are included in this industry.
The Global B2B E-commerce Market is segmented by Channel (Direct Sales, Marketplace Sales), and By Geography.
| By Channel | |
| Direct Sales | |
| Marketplace Sales |
| By Geography (includes Market size (GMV) for the period of 2017-2027) | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East and Africa |
Global B2B E-commerce Market Size Summary
The B2B e-commerce market is experiencing significant growth, driven by technological advancements and the increasing need for digitalization in business transactions. Companies are leveraging technologies such as artificial intelligence and cloud computing to enhance customer experiences and streamline operations. The shift towards digital platforms has been accelerated by the pandemic, which highlighted the importance of digital self-service and remote engagement. As businesses adopt an omnichannel approach, they are also focusing on cybersecurity to protect against increasing threats. The integration of systems like CMS, ERP, and CRM is enabling better data exchange and order fulfillment, which is crucial for meeting customer expectations and optimizing supply chains.
North America is a leading region in the B2B e-commerce market, with the United States being a significant contributor due to its financial status and investment in advanced technologies. The region's businesses are increasingly shifting to e-commerce to expand their reach and enhance marketing efforts. Key players like Amazon and Alibaba are dominating the market, employing strategies such as product launches and partnerships to maintain their competitive edge. The market is characterized by intense competition, with numerous firms entering the space and investing heavily in technology and innovation to capture market share.
Global B2B E-commerce Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Market size (GMV) for the period of 2017-2027
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1.3 Industry Attractiveness - Porter's Five Force Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Assessment of COVID-19 Impact on the Market
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2. MARKET SEGMENTATION
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2.1 By Channel
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2.1.1 Direct Sales
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2.1.2 Marketplace Sales
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2.2 By Geography (includes Market size (GMV) for the period of 2017-2027)
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Latin America
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2.2.5 Middle East and Africa
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Global B2B E-commerce Market Size FAQs
What is the current Global B2B E-commerce Market size?
The Global B2B E-commerce Market is projected to register a CAGR of 12.36% during the forecast period (2024-2029)
Who are the key players in Global B2B E-commerce Market?
Amazon.com, Inc., ChinaAseanTrade.com, DIYTrade.com, eBay Inc. and eworldtrade.com are the major companies operating in the Global B2B E-commerce Market.
