Global Business-to-Business eCommerce Market Overview:
Business-to-Business (B2B) Electronic-Commerce is a type of intercompany transaction. This business includes wholesale trade as well as company purchase of services, technology, resources, and manufacturer. It also includes some financial transactions between companies such as bonds, insurance, securities, and others. B2B transaction is more complex than B2C. According to the ‘United Nations Conference on Trade and Development’, global e-commerce sales grew by 13% in 2017 and hitting an estimated USD 29 trillion. Moreover, many Business-to-Business e-commerce companies continued to dominate accounting for 88 percent for all online sales.
- Growing Number of Distributer, Retailers and Traders Globally
- Increasing Online-Shopping
- Business-To-Business E-Commerce Could Be Double the Size of Business-To-Company
- Increasing Trend of Mobile Ecommerce
- Limited Market Base as It Deals with Transactions between Businesses
- Lengthy Decision Process between Businesses
- Manufacturer Are Extending Ecommerce Access to the Third Party Logistic Provider
- New Market Opportunities are Emerging Countries
- Business-to-Business Adopt a Variable Pricing Strategy Where Bigger Customer Get More Discount
- Available of Substitute Business-to-Company Ecommerce in the Market
The global business-to-business eCommerce market is largely competitive and consists of several vendors who compete based on product pricing. According to the business-to-business eCommerce market share analysis research report, intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose as significant risk factors for manufacturer’s growth.
Some of the key players profiled in the report are ExxonMobil Corp (United States), Chevron Corp (United States), Apple Inc. (United States), General Motors Co (United States), Phillipps 66(United States), Ford (United States), General Electric (United States), Valero Energy Corp (United States), Dell Inc (United States), Amazon (United States), Oracle Corporation (United States), IBM (United States), Netalogue plc (United Kingdom), SAP Hybris (Germany), Mercateo (Germany), IndiaMART (India) and Alibaba Group (China). Analyst at AdvanceMarketAnalytics see United States and Asia Pacific Vendors to retain maximum share of Global Business-to-Business eCommerce market by 2025. Considering Market by Technology, the sub-segment i.e. Network as a Service (NaaS) will boost the Business-to-Business eCommerce market. Considering Market by Industry Type, the sub-segment i.e. Small and Medium Enterprise will boost the Business-to-Business eCommerce market.
On 12th March 2019, Bigcommerce, the leading SaaS eCommerce platform for fast-growing and established brands have launches B2B Ecommerce Initiative Targeted at Wholesalers, Manufacturers and Distributors with six industry-leading technology partners Apruve, Brightpearl, Bundle B2B, Nextopia, PunchOut2Go, and ShipperHQ.
On 9th April 2019, Many Business-to-Businesses E-Commerce have begun building their own platforms to tap into this very less explored market that is expected to reach USD 700 Billion by 2020., On 3rd March 2019, Amazon, an American multinational technology company launched its project zero. Due to this new program launching that empowers brands to help eliminate counterfeits. and On 24th July 2019, Alibaba, the Chinese multinational conglomerate holding company has launched a new B2B ecosystem for small businesses.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Business-to-Business eCommerce market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Business-to-Business eCommerce market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners and Business-To-Business eCommerce Service Providers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.