According to a new report Global Business-to-Business E-commerce Market, published by KBV research, 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.
The supplier-oriented B2B e-commerce model is anticipated to record a notable growth rate during the forecast period. Cisco Connection Online is one of the common examples of a supplier-oriented business-to-business model. This type of model enables users to extract data about suppliers in an unknown country. For example, Dell sells almost 85% of its manufactured computers to companies via a supplier-oriented model.
By application, the home & kitchen segment dominated the market in 2020 with the highest share in the revenue. There is an increasing demand for small appliances & other kitchen products in 2020 since the customer has spent more time at home. Though, nationwide lockdown is one of the challenges to B2B businesses in case of meeting the orders.
The Asia Pacific market dominated the Global Business-to-Business E-commerce Market by Region 2020. North America is estimated to witness a significant growth rate during the forecast period. The presence of big companies such as Amazon, eBay, and others and establishment of B2B sales channels in this region have boosted the regional market. Though, the pandemic has compelled numerous companies to adapt to the online business model for capturing and catering to a broad customer base.
Full Report: https://www.kbvresearch.com/business-to-business-e-commerce-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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Companies Profiled
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