Business-to-Business E-commerce Market Scope

Global Business-to-Business E-commerce market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global Business-to-Business E-commerce market is estimated to garner significant revenue by the end of 2031 by growing at a CAGR of ~20% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD approximately 6,900.0 billion in the year 2021. The growth of the market can be attributed to the increasing number of online orders. For instance, more than 2 billion people across the globe purchased goods or services online in the year 2020.

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Business-to-Business E-commerce is an abbreviation for business-to-business e-Commerce, which is defined as the online sales of goods or services between businesses. Moreover, instead of receiving orders the old-fashioned way, transactions are carried out digitally, which helps to cut down on overhead costs significantly. On the contrary, it doesn’t provide customization for single customers which is a disadvantage of Business-to-Business E-commerce. It cannot rule out by the fact that online purchasing has been more convenient for businesses to purchase goods or services. According to the United Nations Conference on Trade and Development, online purchases have increased by 6 to 10 percentage points after the COVID-19 pandemic among most product categories.

Global Business-to-Business E-commerce Market: Growth Drivers and Challenges

Growth Drivers

• Adaption of Digitalization– More than 35 percent of traditional businesses adopted a digital transformation strategy in the year 2018.

• Rising Internet Users– There has been an increase in the number of individuals using the internet from 46 percent in 2017 to 60 percent in 2020.

• Surging E-Commerce Platforms- According to the Census Bureau of the Department of Commerce, retail e-commerce sales upsurged by 2.7 percent in the second Quarter of 2022.

• Rising Adoption of Artificial Intelligence – Marketing strategies of businesses are improved through the inclusion of intelligence. Therefore, it is anticipated to surge the growth of the global Business-to-Business E-commerce market. More than 30 percent of companies worldwide adopted artificial intelligence in their business.

Challenges

• Lack of Security Related to Payments

• High Cost of the Investment for Upgradation

• High Threat to Data Privacy

The global Business-to-Business E-commerce market is segmented and analyzed for demand and supply by applications in automotive, healthcare, consumer electronics, home & kitchen, beauty & personal care, and others. Out of these, the consumer electronics segment is anticipated to hold the largest share over the forecast period. This can be attributed to the rising demand for computers, smartphones, and laptops across the globe. For instance, more than 165 million laptops were sold globally in the year 2019.  Moreover, there are nearly 7 Billion smartphones worldwide in the year 2020.

Global Business-to-Business E-commerce market Regional Synopsis

Regionally, the global Business-to-Business E-commerce market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2031 on the back of the growing demand for products and services, followed by the rising percentage of its population. Therefore, the businesses in this region will purchase and sell more products for the consumers. As per the World Bank, China’s population has increased from 1.4 Billion in 2017 to 1.41 Billion in 2021.

Market Segmentation

Our in-depth analysis of the global Business-to-Business E-commerce market includes the following segments:

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Key Companies Dominating the Global Business-to-Business E-commerce Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global Business-to-Business E-commerce market that are included in our report are eBay Inc., Amazon.com, Inc., EC21 Inc., PayPal Payments Private Limited, Thomas Publishing LLC, Flipkart Internet Private Limited, Quill Lincolnshire, Inc., eworldtrade.com, Newegg Business Inc., Flexfire LEDs, and others.

Global Business-to-Business E-commerce market: Latest Developments

• July 2022: Newegg Business Inc., announced the launch of JustGPU.com for providing help to customers to determine the best GPU choices for their gaming PC builds or upgrade

• July 2020: Flexfire LEDs, announced the introduction of the new UltraBrightTM Outline Series, a low-output, low-wattage LED strip light with near-perfect color rendering and extremely long run lengths, in Costa Mesa, California. This translates to elegant, efficient lighting with clean, continuous design and performance. The Outline Series is available in both 24V and 48V input and can be used to meet Title 24 JA8, which ensures safe dependable lighting.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.

• We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities to help them reach their goal. 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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