Global Business-to-Business E-commerce Market Drivers, and Opportunities| Expected to reach USD 25.59 Trillion by 2028

Global Business-to-Business E-commerce Market Report indicates Top Impacting Factors, Trends, Size, Shares, & rise in demand in particular regions

SUITE N202, NEW YORK, UNITED STATES, October 10, 2022 /EINPresswire.com/ — The Global Business-to-Business E-commerce Market accounted for USD 6.57 Trillion in 2020 and is expected to reach USD 25.59 Trillion by 2028, growing at a CAGR of 18.74% from 2021 to 2028. This report provides market dynamic analysis, including market driving factors, market development strategies and constraints for company. The research report covers size, share, trends, and growth analysis of the market on the global and regional level with key business strategies by major market players and their key methods. The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, opportunities, restraints, and threats. Some of key players in business-to-business e-commerce market are ChinaAseanTrade.com, Amazon Inc., eBay Inc., DIYTrade.com, eworldtrade.com, Flipkart.com, Flexfire LEDs, KellySearch.com KOMPASS and IndiaMART Intermesh Ltd. among others. Major players are focusing on acquisitions & mergers as growth strategy to hold a competitive advantage in the market. The market players are also making unprecedented changes to their online business models in order to provide better customer experience for the buyers and suppliers.

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Presence of Big Players in the Region Support North America Dominance

North America is expected to account for the largest market for B2B e-Commerce. It has accounted for more than 28% market share for B2B e-Commerce in 2020. The growth in this region is majorly supported by benefits from high incomes, world-class devices and proper infrastructure. Also, the major players like Amazon.com, Inc., eBay.com, Wal-Mart & others influence the market.

Asia-Pacific is the fastest growing market for the B2B e-Commerce Market over the forecast period. This is because of the growing customers and mobile phone users in this region. Also tapping of untapped markets like rural sectors in the developing economies like India is fuelling the market. Moreover, countries such as China, Japan, and South Korea are among the top 10 exporters of merchandise and account for a large portion of global e-commerce sales.

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The rising proliferation of smartphones and increasing internet penetration is to Spur Growth.

Additionally, the rising proliferation of smartphones and increasing internet penetration are further creating avenues for market growth. Owing to the ease of doing business and enabling companies to track their inventory, and view orders and payments on mobile phones has resulted in increased adoption of B2B e-commerce platforms. Apart from this, rapid tapping of the untapped rural market is growing new opportunities. Additionally, the increasing movement of buyers’ preference towards the online market and presence of large number of competitors and emergence of Omni channel methods of shopping is one the main reasons to boost the market.

Growth Factors

The rapid changes in the way of doing business along with ongoing trend of digitization are projected to drive growth for the B2B e-Commerce market during the projected period. Numerous companies across all regions are opting online platforms to carry on their business activities to reach its customers. Thus, change in the business trend and shifting from conventional to online platforms is boosting the market growth. B2B e-commerce platform players such as Alibaba recently added digital features such as freight features and trade financing to enhance its digital experience of their customers.

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The global Business-to-Business E-commerce market is segmented as follows:

By Type

Buyer Oriented E-commerce
Supplier Oriented E-commerce
Intermediary Oriented E-commerce

By Size

Small and Medium Enterprise
Large Enterprise

By Application

Home and Kitchen Application
Consumer Electronics
Industrial and Science
Healthcare
Clothing
Beauty and Personal Care
Sports Apparel
Books and Stationery
Automotive
Others

By Region

North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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Varsharani Lavate
Zion Market Research
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varsha.l@marketresearchstore.com
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