The rapid shift towards online shopping is projected to magnify growth in the global Business-to-Business E-commerce Market
Covid-19 Impact & Market Status
The report offers an exhaustive overview of the business dynamics and new investment strategies that are being adopted by business leaders across countries and regions to overcome the acute challenges and financial instabilities that have emerged in the post pandemic times.
The report highlights some of the best industry strategies and practices that are adopted by the players across local and global markets. Ever since the Covid-19 broke out in 2019, it has spread aggressively, resulting in rapid declaration by the WHO affirming Covid-19 as a global pandemic and an emergency.
The impact of the pandemic is widespread and the aftermath is well pronounced, gravely affecting the global Business-to-Business E-commerce chip market. The sudden pandemic and its implications have posed significant challenges such as travel bans, quarantines, and lockdowns.
These developments are hampering operations resulting in supply chain breaches, stock market inefficiencies, and vendor chaos. These are constantly interfering with the normal functioning of industries.
Ever since the outbreak of the global crisis, impact on upstream, downstream, and midstream industries have been appalling. The report delivers a quick ready-to-deploy approach to counter such crisis and steer the global Business-to-Business E-commerce market towards steady growth and systematic progression.
Amidst the pandemic, aligning with new dynamics, global Business-to-Business E-commerce market has been witnessing new dynamics which are further necessitating new business models and approaches to recoup growth and revenue streams.
In this report, inquisitive business players would be provided with sufficient guidelines regarding business transformation, integral to sustain stiffening competition in the pandemic and beyond pandemic era global Business-to-Business E-commerce market.
Business-to-Business E-commerce for Buyer-oriented E-commerce segment to Sustain the Highest Revenues, Followed by Supplier-oriented E-commerce
Supplier-oriented E-commerce segment is anticipated to grow at the fastest CAGR over the forecast period. Intermediaries are organizations that regulate trade between manufacturers and end customers. This deployment model enables the seller to reduce costs in hosting a website, logistics, and customer support.. Intermediary oriented E-commerce segment dominated the global market by holding largest market share.
Furthermore, the growing digitalization and evolution of 5G technology is expected to boost the market growth. The buyer-oriented E-commerce segment is anticipated to grow at the significant CAGR over the forecast period.
Data as s Service (DaaS) Business-to-Business E-commerce application Segment to be the Most Lucrative
Network as a service segment is projected to be fastest growing segment in the global market. Through online retail platforms, consumers may have a hassle-free shopping experience while viewing a wide choice of products at competitive costs. Furthermore, the advent of private-label and direct-to-consumer business models is improving the market's potential for growth. This enables businesses to collect and use client data in order to provide tailored products and experiences to their customers. These factors are estimated to boost the growth of Data as as service segment in Business-to-Business E-commerce market.
APAC to Sweep the Largest Revenue Streams Followed by North America
APAC is the largest contributor to this market, followed by Europe and then North America. In Asia, the presence of nations like China and India, with their massive subscriber bases and constantly shifting regulatory and competitive landscapes, has raised demand for Business-to-Business E-commerce systems. North America, on the other hand, is confronted with the challenges of a deregulated telecom sector.
Further, applications such as the Buyer-oriented E-commerce is one of the fastest growing segment in application which in turn is favoring rampant expansion of the global Business-to-Business E-commerce market across regions such as North America and Asia Pacific. Consumer preferences for enhanced customer service with real-time billing experience is expected to gain traction in the global Business-to-Business E-commerce market.
Increasing digitalization and growing trend of online retailing is expected to offer new opportunities in the global Business-to-Business E-commerce market
B2B, or business-to-business, is a type of electronic commerce (E-commerce) in which items, services, or information are traded between businesses rather than between consumers (B2C). When two businesses, such as online retailers and wholesalers, conduct business together, it is called a business-to-business (B2B) transaction. Throughout most B2B business models, every entity profits in the same way, and they often have similar negotiating leverage. B2B e-commerce can take a variety of forms. The following is a list of the most frequent B2B E-commerce models. B2B2C (business-to-business-to-consumer), The easiest approach to describe the B2B2C model is to look at how a manufacturer or distributor interacts with traditional B2B and B2C models. The wholesaler or manufacturer distributes the goods to B2B, which subsequently sells them to the final consumer. In a B2B2C business, the wholesaler or manufacturer approaches the end consumer by partnering with the B2B or selling straight to them. B2B2C e-Commerce undergoes similar developments, primarily through virtual shops, e-commerce websites, and even apps. The global business-to-business e-commerce market size is anticipated to reach over USD 25.65 trillion by 2028. In addition, it is expected to exhibit a CAGR of over 18.7% during the forecast period 2021-2028.
Despite a minor growth dip owing to Covid-19 implications, the global Business-to-Business E-commerce market is expected to recoup growth and register a CAGR over the forecast period.
The COVID-19 pandemic shifted consumer preferences toward online buying, opening up new opportunities. The B2B e-commerce business outlook has been impacted by a growth in the number of orders, changes in customer behaviour, supply chain disruptions, and the closure of physical storefronts. While retail sales fell in 2020, e-commerce sales grew significantly. Several B2B companies are increasingly concentrating on bringing their customers online. Run-of-the-mill purchases including basic transactions with clients requiring no value-added services or the purchase being a simple reorder accounted for a substantial share of B2B sales in North America. However, the complexity of B2B suppliers' products or services works as a substantial impediment to B2B-commerce adoption. Over the projection period, the market will experience a spike as technology advances. Furthermore, the continuous epidemic has compelled some firms to go online in order to serve customers all over the world. Based on the industry, geography, and competition, businesses are still looking for suitable internet channels.
Business-to-business-to-consumer (B2B2C) ecommerce takes out the middleman usually between the B2B organization and the B2C, putting the businesses directly in contact with the consumer. The B2B2C model can best be described by looking at how a wholesaler or manufacturer interacts with traditional B2B and B2C models. While the coronavirus outbreak wreaked havoc around the world, businesses prioritised preventing physical contact while maintaining business continuity. As a result, a number of B2B merchants urged their clients to shop online. For example, Fastparts, a distributor of agricultural machinery parts, is attempting to build a web store to better serve its customers. The customer is aware that the goods is being delivered by a company different than the one from which it was purchased in many B2B2C e-commerce arrangements. Although a buyer may purchase a product via an affiliated blog or website, the goods is distributed and branded by the manufacturer.
Furthermore, increasing internet penetration and the use of devices such as smartphones, laptops, and tablets to access e-commerce websites are driving market expansion. Businesses can conduct business without having a physical presence, saving money on infrastructure, communication, and overhead. An greater propensity for online shopping, particularly among women, as well as the growing effect of social media platforms on purchase patterns, are further driving the industry.
The major players of the global Business-to-Business E-commerce market are Oracle, IBM, Amazon, Alibaba, Hybris, Axway, Netalogue, Phoenix, Biz Solutions, Techdinamics, eBay Inc, KOMPASS, and Flipkart.com.
The Business-to-Business E-commerce market is a rapidly progressing industry and is characterized to have industrial frontliners as well as aspiring new players aiming to penetrate into the aggressive competitive landscape across global and local markets. Additionally, various new and aspiring players are improving their product lines and upgrading technological capabilities to improve revenue streams amidst Covid-19 impact.
Latest Innovations in the Global Business-to-Business E-commerce Market: a Snapshot
- In February 2019, Oracle India has announced the launch oracle Autonomous database to assist and improve, fast-track business decisions.
Business-to-Business E-commerce Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 25.65 trillion|
|Growth Rate||CAGR of 18.7% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Oracle, IBM, Amazon, Alibaba, Hybris, Axway, Netalogue, Phoenix, Biz Solutions, Techdinamics, eBay Inc, KOMPASS, and Flipkart.com.|
Key Segments of the Global Business-to-Business E-commerce Market
Type Overview, 2018-2028 (USD Billion)
- Buyer-oriented E-commerce
- Supplier-oriented E-commerce
- Intermediary-oriented E-commerce
Application Overview, 2018-2028 (USD Billion)
- Network as s Service (NaaS)
- Data as s Service (DaaS)
- Storage as s Service (STaaS)
- Back end as a Service (BaaS)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa