Global B2B eCommerce Market set to capture $247.64 billion in revenue by 2030
Inkwood Research estimates that the Global B2B eCommerce Market is set to record a 21.07% CAGR in terms of revenue during the forecast period, 2022-2030.
“Browse 52 market data Tables and 43 Figures spread
over 196 Pages, along with an in-depth TOC on the Global B2B eCommerce Market Forecast
2022-2030.”
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The global B2B eCommerce market is positively influenced by the
popularity of specialized B2B online marketplaces, a surging interest and focus
on digital experiences, and the online operations of retail businesses. Also, modern
B2B buyers significantly contribute to the shopping experience. B2B sellers
tailor personalized products and services to tend to the buyers’ individual
needs. Moreover, the specialized B2B marketplace is growing rapidly with
increased demand and technological advancement. It is moving towards creating an
impactful eCommerce marketplace for B2B. Additionally, fast order fulfillment and
new payment options create lucrative opportunities for market growth.
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Increasing
Online Orders Drive Market Growth
B2B eCommerce offers customers a range of payment options,
making transactions more convenient. This is one of the major growth promoters
for the global B2B eCommerce market during the forecast period. The closure of
physical stores globally, coupled with an increase in the number of digital
buyers and online orders, is one of the major factors which has positively
impacted the B2B outlook. Through eCommerce, organizations and businesses can
easily measure and evaluate sales effectiveness, marketing campaigns, customer
engagement, customer sales effectiveness, product mix, and inventory turns.
Therefore, an increase in the number of digital buyers and online orders is
expected to propel market growth.
Food &
Beverage – Fastest-Growing Product Type
B2B eCommerce presents a huge opportunity for the food and
beverage industry, where the perishable nature of most of the products and the
high level of competition in the industry makes efficiency and speed essential.
With the growing compliance and regulatory requirements, the global food and
beverage industry has some unique challenges that are considered while
implementing a B2B eCommerce software solution. Also, there have been
significant developments by the market players in B2B eCommerce in the field of
food and beverage, which is expected to promote market growth during the
forecast period.
Majority of
Market Shares captured by Asia-Pacific
Asia-Pacific held the largest market share in 2021 owing to
rising internet penetration, as smartphone use has increased the number of
online suppliers and customers across the region. Also, Asia-Pacific is expected
to record the highest CAGR over the forecast period. Asia-Pacific is one of the
largest and fastest-growing eCommerce marketplaces due to populous countries
like China and India, where domestic consumption is one of the key contributors
to economic growth. More marketplace startups are emerging to capitalize on various
business profiles, diversity of consumers, and supply chains across the region,
which drive the Asia-Pacific B2B eCommerce market.
The industry rivalry in the global eCommerce market is
expected to remain high due to numerous global players in a fragmented market.
The high cost of brand development in the online retail sector weakens the
influence of new entrants compared to sector giants like Amazon. The threat of
substitution in the global B2B eCommerce market is also high because low
switching costs enable consumers to easily switch between companies.
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relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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