The global business-to-business e-commerce market in terms of revenue was estimated to be worth USD XX billion in 2022 and is poised to grow at a CAGR of 12.36% from 2023 to 2030.
Business-to-Business (B2B) e-commerce refers to the online transaction and exchange of goods, services, or information between businesses or organizations. It involves the use of digital platforms, websites, or electronic networks to facilitate commercial transactions, streamline supply chain processes, and foster collaboration between businesses in a digital environment.
The major factors driving the business-to-business e-commerce market is enhanced customer experience. B2B e-commerce platforms offer businesses the ability to provide a seamless and personalized buying experience to their customers. These platforms feature intuitive interfaces, advanced search capabilities, and personalized product recommendations, enabling buyers to easily find and purchase the products or services required.
Based on deployment type, the intermediary-oriented segment accounted for the largest market share in 2022 due to the increasing adoption of digital platforms connecting buyers and sellers, enabling streamlined transactions and improved efficiencies.
The home & kitchen segment accounted for the largest share of the overall B2B e-commerce market in 2022 due to the consistent high demand for essential products in both residential and commercial spaces.
Asia Pacific accounted for the largest market share in the B2B e-commerce market in 2022 due to various factors such as large population, vast number of businesses, rising digital adoption, and increasing internet penetration.
Business-To-Business E-Commerce Market Dynamics
Drivers: Streamlining operations and reducing costs
B2B e-commerce help businesses to streamline their procurement and supply chain processes, reducing costs associated with manual operations, paperwork, and intermediaries. It enables organizations to automate tasks, optimize inventory management, and achieve cost savings through efficient order processing and fulfilment, thereby, driving the market growth.
Restraints: Resistance to digital transformation
Many businesses face internal resistance to adopt and implement B2B e-commerce due to traditional mindsets, organizational inertia, and resistance to change. Overcoming resistance and fostering a culture of digital transformation acts as a significant restraint for the market growth.
Opportunities: Global market expansion including cross-border trade
B2B e-commerce opens up opportunities for businesses to engage in cross-border trade and expand their customer base globally. It enables companies to overcome geographical limitations, explore new markets, and establish partnerships with international suppliers and customers.
Challenges: Growing concern about cyber security and data protection
B2B e-commerce involves the exchange of sensitive business information, including customer data, pricing, and contracts. The risk of data breaches, cyber-attacks, and unauthorized access poses significant challenges for businesses, requiring robust security measures and protocols.
Business-To-Business E-Commerce Market Ecosystem
Prominent companies in this market include well-established manufacturers and service providers of Business-To-Business E-Commerce market. These companies have been operating in the market for several years and possess a diversified product portfolio, organic & inorganic strategies, strong global sales and marketing networks. Prominent companies in this market include Amazon.com, Inc. (US), DIYTrade.com (Hong Kong), eBay.com (US), eworldtrade.com (US), Flexfire LEDs (US), Flipkart.com (India), IndiaMART InterMESH Ltd. (India), KOMPASS (France), ChinaAseanTrade.com (Hong Kong), and Quill Lincolnshire, Inc. (US).
Business-To-Business E-Commerce Market Report Scope:
Report Metric Details
Market size available for years 2019?2030
Base year considered 2022
Forecast period 2023?2030
Forecast units Million/Billion (USD)
Segments covered Deployment type, application and region
Geographies covered North America, Europe, Asia Pacific, And Rest of the World
Companies covered Amazon.com, Inc., DIYTrade.com, eBay.com, Flipkart.com, eworldtrade.com, KOMPASS, Flexfire LEDs, IndiaMART InterMESH Ltd., ChinaAseanTrade.com, and Quill Lincolnshire, Inc.
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