The Global Business-to-Business E-commerce Market size is expected to reach $18,857.3 billion by 2027, rising at a market growth of 16.3% CAGR during the forecast period.
Business to business (B2B) e-commerce portal is an important aspect of a business, which enables small & medium enterprises and large-scale enterprises to outreach remote areas and carry out their business across the world. Such portals help in setting up new trading relationships among companies while supporting their prevailing relationships. In addition, B2B e-commerce platforms help companies to reduce their marketing cost, improve their management of the customers & suppliers, and enhance their sales engagement.
Moreover, the global business-to-business e-commerce market is witnessing a surge due to the increasing penetration of smartphones and the growing penetration of the internet. The convenience of doing business and allowing enterprises to monitor their stock, track orders, and payments on smartphones have led to the high adoption of B2B e-commerce platforms. Additionally, there are many enterprises which are shifting to online business models in order to achieve a competitive edge in the market due to the rising competition.
There is a significant change in the behavioral pattern of the customers during the lockdown in nations like the U.S, Italy, China, Spain, Germany, India, and Russia. Due to the restrictions on public gatherings and the temporary shutdown of all physical stores, online shopping has witnessed a huge spike. The imposition of social distancing as a norm to stop the spread of coronavirus has resulted in the high usage of the internet for social interactions and also shifted the consumers’ preference towards online and business-to-business (B2B) communications. This has positively affected the industry and various companies have recorded a massive surge in demand for products.
The Covid-19 pandemic has affected various industries across different business domain across the globe. Though, the lockdown resulted in shifting preference of customers for online purchases, which is fueling the growth of the e-commerce market around the world. In this scenario, numerous B2B vendors focused on digital transformation and fulfilling customer needs by selling goods & services via various online channels. Hence, the B2B e-commerce market would witness a surge during the pandemic.
The increasing number of orders, changing consumer behavior, and temporary shutdown of physical stores are estimated to bolster the growth of the B2B e-commerce market. Several companies are shifting towards online platforms in order to survive in the business domain during the pandemic. A notable portion of B2B companies from emerged nations are focusing on motivating customers to shift to online shopping. It is attained by allocating more funds on improving website designs than offers an enhanced shopping experience for the customers with easy payment options.
Based on Application, the market is segmented into Home & Kitchen, Consumer Electronics, Clothing & Sports Apparels, Industrial & Science, Beauty & Personal Care, Healthcare, Books & Stationary and Others. There is a growing demand for consumer electronics via online platforms during the pandemic. Plans before the pandemic including home renovations, travel, paused as consumers have focused on spending on durables & electronics that include laptops, ACs, and smartphones. The work from home culture has further resulted in increasing consumer’s investment in electronics, which supported the new work-from-home situation. Such factors boosted the demand for consumer electronics during the pandemic and in the coming years.
Based on Deployment Type, the market is segmented into Intermediary-Oriented, Supplier-Oriented and Buyer-Oriented. Based on deployment type, the intermediary segment acquired the largest market share in 2020. Intermediaries refer to the companies, which control trade among the manufacturers and end-users. This deployment model allows the companies to decrease the overall costs in hosting a website, logistics, and customer support. The intermediary model has various benefits for scaling businesses and also plays a crucial role in supporting the growth of the intermediary segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 6.1 Billion |
| Market size forecast in 2027 | USD 18,857.3 billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 16.3% from 2021 to 2027 |
| Number of Pages | 203 |
| Number of Tables | 310 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Application, Deployment Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific emerged as a leading region in the business-to-business e-commerce market with the highest market share in 2020. The rising number of B2B companies is contributing to the growing e-commerce growth in the region. This pandemic has motivated various companies to shift to online channels, which opens new growth avenues for the growth of B2B e-commerce. There are several companies in the region that are taking more efforts to develop technology, which supports their marketing, business, and operational strategies during the forecast period.
Free Valuable Insights: Global Business-to-Business E-commerce Market size to reach USD 18,857.3 billion by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alibaba Group Holdings Limited, Amazon.com, Inc., eBay, Inc., Walmart, Inc. (Flipkart), ChinaAseanTrade, DIYSite Group (DIYTrade.com), IndiaMART InterMESH Ltd. (Tradezeal Online), Flexfire LEDs, eWorldTrade.com (Reckon Media LLC), and Kompass International.
By Application
By Deployment Type
By Geography
The business-to-business E-commerce market size is projected to reach USD 18,857.3 billion by 2027.
Improve the efficiency of the business through automation are driving the market in coming years, however, long process for decision making have limited the growth of the market.
Alibaba Group Holdings Limited, Amazon.com, Inc., eBay, Inc., Walmart, Inc. (Flipkart), ChinaAseanTrade, DIYSite Group (DIYTrade.com), IndiaMART InterMESH Ltd. (Tradezeal Online), Flexfire LEDs, eWorldTrade.com (Reckon Media LLC), and Kompass International.
The lockdown resulted in shifting preference of customers for online purchases, which is fueling the growth of the e-commerce market around the world.
By application, the home & kitchen segment dominated the market in 2020 with the highest share in the revenue.
The Asia Pacific market dominated the Global Business-to-Business E-commerce Market by Region 2020.
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