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  • Business-To-Business E-Commerce Market

Business-To-Business E-Commerce Market By Deployment (Intermediary-oriented, Supplier-oriented, and Buyer-oriented), By Enterprise Size, By Application - Global Industry Outlook, Key Companies (Amazon, Walmart, and Google, and Others), Trends and Forecast 2024-2033

Published on : December-2024  Report Code : RC-1249  Pages Count : 298  Report Format : PDF
Overview Table of Content Download Report's Excerpt Request Free Sample

Market Overview

Global Business-to-Business E-Commerce Market is forecasted to reach USD 22.2 trillion by the end of 2024 and grow to USD 105.3 trillion in 2033, with a CAGR of 18.9%.

Global Business-To-Business E-Commerce Market Growth Analysis

Business-to-business e-commerce consists of transactions and interactions between businesses rather than business to consumer over the electronic media. The various activities included in this model are wholesale trade, supply chain management, and procurement, which the companies can electronically buy and sell goods, services, or information. B2B e-commerce platforms serve as a source of effective communication, speeding up the buying processes and extending collaboration between businesses effectively. 

The application of digital technologies reduces operational costs for firms, improves their inventory management, and opens the firms to a wider market reach. Today, this model has become an important component of the economy as innovation is being fostered with its adoption, and organizations are becoming more competitive.

The US Business-to-Business E-Commerce Market

The US Business-to-Business E-Commerce Market is projected to reach USD 7.8 trillion by the end of 2024 and grow substantially to an expected USD 34.1 trillion market by 2033 at an anticipated CAGR of 17.7%.

The US Business-To-Business E-Commerce Market Growth Analysis

The US Business-to-Business (B2B) e-commerce market is propelled by the growing digitization of business operations has led to increased online transactions, facilitating quicker and more efficient purchasing processes.

U.S. government initiatives like the Digital Trade Agreements Act and the United States-Mexico-Canada Agreement (USMCA) have been promoting digital trade by implementing measures to facilitate cross-border e-commerce. As a result, regulations in the U.S. are expected to support market growth by protecting consumers and fostering fair competition.

Key Takeaways

  • Market Growth: The global Business-to-Business E-Commerce market is projected to grow by USD 79.3 trillion with a CAGR of 18.9%.
  • Market Definition: Business-to-Business E-Commerce refers to the online commercial transactions and exchanges of goods, services, or information between businesses.
  • Type Analysis: Intermediary-oriented is expected to dominate the market with the highest revenue share of 61.2% based on type in 2024.
  • By Enterprise Size: Large enterprises are predicted to lead the market by enterprises size with the highest revenue share of 67.2% in 2024.
  • Application Analysis: Home & Kitchen is likely to dominate the market with the largest revenue share in 2024.
  • Regional Analysis: North America is expected to lead the global business-to-business e-commerce market with a market share of 42.0% by 2024.

Use Cases

  • Wholesale Distribution: B2B e-commerce platforms are commonly used by wholesalers to manage large-scale transactions efficiently. Companies can showcase their products, manage inventory, and process bulk orders online.
  • Supplier Relationship Management: Many businesses utilize B2B e-commerce to strengthen supplier relationships. E-commerce platforms enable companies to place orders, manage contracts, and track deliveries from suppliers seamlessly.
  • B2B Marketplaces: Online marketplaces dedicated to B2B transactions are increasingly popular. These platforms allow multiple vendors to sell products to businesses, fostering competition and providing buyers with a broader range of options.
  • Direct Sales to Enterprises: Many manufacturers leverage B2B e-commerce to sell directly to enterprises, bypassing traditional distribution channels. This approach allows manufacturers to have better control over pricing, branding, and customer relationships.

Market Dynamic

Drivers

Customization and Personalization
Customization and personalization are key drivers in the B2B e-commerce market as platforms increasingly focus on tailoring their offerings to meet the unique needs of individual businesses. By providing personalized solutions, these platforms enhance the buying experience, enabling companies to procure products and services that align closely with their specific operational requirements. It improves customer satisfaction and fosters long-term loyalty, as businesses feel understood and valued, which drives the growth of business-to-business e-commerce.

Supply Chain Optimization
Digital platforms facilitate enhanced visibility into various aspects of the supply chain, including inventory levels, order status, and delivery timelines. This real-time access to information empowers businesses to manage their logistics more effectively, allowing for timely decision-making and responsiveness to market demands. By streamlining supply chain operations, companies can reduce costs, minimize delays, and improve overall efficiency.

Restraints

Data and Cybersecurity Concerns
As businesses embrace digital technologies, they become more vulnerable to cyber threats and data breaches. Sensitive business information, such as client records and financial data, are being shared and stored to mitigate these risks, which restrain the growth of the market.

Threats and Security Measures
Another restraint impacting the B2B e-commerce market is the increasing prevalence of insider threats. To combat these risks, businesses must implement a robust security strategy, which includes regular training, monitoring, and strict access controls. Consequently, the need for enhanced security protocols can hinder the rapid expansion of the B2B e-commerce market.

Opportunities

Expansion into Global Markets
The ongoing globalization of trade presents significant opportunities for businesses to expand their reach into international markets. B2B e-commerce platforms facilitate cross-border transactions, allowing companies to connect with suppliers and customers from various countries. By leveraging these platforms, businesses can access new customer bases, diversify their revenue streams, and enhance their competitive edge in the global marketplace.

Enhanced Customer Experience through Digital Solutions
The integration of advanced digital technologies in B2B e-commerce can greatly improve customer experience. Businesses can use data analytics and customer relationship management (CRM) systems to personalize interactions and streamline purchasing processes. Additionally, the adoption of AI-powered chatbots and virtual assistants can provide real-time support and guidance to customers, fostering stronger relationships and driving customer loyalty.

Trends

Automation and AI
Automation technologies are being integrated into various aspects of B2B e-commerce, including inventory management, order processing, and customer service. AI is also being used for predictive analytics, helping businesses anticipate customer needs and optimize inventory levels.

Subscription-Based Models
Subscription services are becoming popular in the B2B space, allowing businesses to offer products or services on a recurring basis. This model helps create predictable revenue streams and strengthens customer relationships.

Research Scope and Analysis

By Deployment

Intermediary-oriented E-commerce deployments are expected to dominate the Business-to-Business E-commerce Market with an anticipated 61.2% revenue share by 2024, as these deployments use digital platforms as intermediary systems between buyers and sellers, acting as bridges for easier processes for both parties involved. Inventory management services provide inventory control, logistics coordination and payment processing that relieve individual businesses of much of the operational strain associated with running their own operations. 

Multiple suppliers come together on one platform and sell products at competitive pricing to draw in shoppers looking for variety without the hassle of browsing multiple websites. AI and machine learning technologies may also be employed to optimize search results and increase buyer engagement. Intermediaries also create an extra level of trust and security; established platforms typically employ rigorous verification processes for vendors that instil confidence among buyers for high-stake transactions. 

Digital marketing and analytics play an instrumental role in supporting intermediary deployment by helping intermediaries more accurately target potential buyers, thus improving customer acquisition and retention rates. Supplier-oriented businesses' expansion can be traced back to rapid technological innovations that foster innovation while improving customer experiences as well as operational efficiencies within business ecosystems.

By Enterprise Size

Large enterprises are expected to dominate the business-to-business e-commerce market with the highest revenue share of 67.2% in 2024. These enterprises provide substantial financial resources that allow them to invest in advanced technologies, robust e-commerce platforms, and extensive marketing campaigns. It improves the online visibility and operational efficiency, giving them a competitive edge. Their long-standing reputation in the market allows them to attract a larger customer base, facilitating higher sales volumes.

These organizations often produce different products & services, which is appealing to diverse customer needs & preferences. Large enterprises are better positioned to use data analytics & artificial intelligence to optimize their supply chains, improve inventory management, enhance customer engagement. Small and medium enterprise (SME) segment is expected to experience the fastest growth rate in the future years. 

They are increasingly using digital platforms to streamline their transaction processes. They benefit from cost-effective procurement methods, access to a broader supplier network, and simplified order fulfillment.

By Application

The Home & Kitchen is likely to dominant segment in the business-to-business (B2B) e-commerce market in 2024, driven by growing demand for home improvement and renovation products. It made many businesses focus on enhancing their workspaces and living environments. B2B buyers, including retailers, wholesalers, and distributors, seek a diverse range of home and kitchen products, from appliances to décor items, to meet the evolving preferences of consumers. 

Global Business-To-Business E-Commerce Market Application Share Analysis

The demand for online shopping made it easier for businesses to source products directly from manufacturers and suppliers, which offer bulk purchases at cheap prices. These platforms are specialized in home and kitchen goods and provide streamlined procurement processes, allowing businesses to quickly access a wide array of products. Moreover, the ongoing trend toward sustainable and eco-friendly products is also influencing the Home & Kitchen segment. 

Many B2B buyers are prioritizing suppliers that offer sustainable options, aligning with the growing consumer preference for environmentally conscious choices. After Home & Kitchen segment, the Clothing category is the second largest in the B2B e-commerce market. This growth can be attributed to the expanding fashion industry, which relies heavily on B2B transactions for sourcing materials and finished goods. Retailers and wholesalers are increasingly utilizing e-commerce platforms to streamline their supply chains, reduce inventory costs, and respond quickly to changing fashion trends.

Global Business to Business E-commerce Market Report is segmented on the basis of the following

By Deployment

  • Intermediary-oriented
  • Supplier-oriented
  • Buyer-oriented

By Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

By Application

  • Home & Kitchen
  • Clothing
  • Consumer Electronics
  • Industrial & Science
  • Beauty & Personal Care
  • Others

Regional Analysis

It is expected that North America is likely to dominate the business-to-business e-commerce market with a revenue share of 42.0% in 2024. The driving factors that expand the region include evolving consumer preferences, rising adoption of digital technologies, & increasing use of AI along with machine learning to automate & improve several operations. In a recent survey conducted among B2B vendors, 57% of such organizations believe that this trend of shifting from offline to online commerce has been supported by substantial investments from B2C leaders like Amazon, eBay, and Google. 

Global Business-To-Business E-Commerce Market Regional Analysis

This region is highly digitally developed with widespread high-speed internet access and advanced technological capabilities. All such extra features have helped companies to use e-commerce websites and tools more skillfully in order to ensure smooth B2B transactions. The presence of big e-commerce players like Amazon Business, Alibaba North America, and Shopify has also contributed a lot to the leadership of the region. 

Besides, Businesses in North America also benefit from strong cybersecurity measures, reducing concerns over data breaches and fraud in B2B transactions. After North America, Asia-Pacific is experiencing notable growth due to this region’s large and diverse economies, along with strong digital technology infrastructure, are driving the adoption of B2B e-commerce across various industries.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

The Business-to-Business (B2B) e-commerce market is currently in a moderate growth stage, with an accelerating pace of expansion. The competitive landscape is diverse, featuring a broad array of participants that range from well-established industry giants to innovative startups targeting niche markets. This diversity highlights the vast range of industries and companies engaged in B2B transactions. 

Many market players are adopting mobile-first strategies to cater to the growing use of mobile devices for corporate transactions. Additionally, businesses can position themselves as global competitors by offering seamless cross-border e-commerce solutions, including multilingual websites, multi-currency options, and international shipping services.

Some of the prominent players in the global business-to-business e-commerce market are
  • Amazon.com, Inc.
  • Alibaba
  • ASOS
  • Costco Wholesale Corporation
  • Dangdang
  • eBay Inc.
  • Flipkart.com
  • JD.com
  • Shopify
  • Shopee
  • Walmart
  • Other Key Players

Recent Development

  • In November 2023, Amazon.com, Inc. and the West Bengal Industrial Development Corporation signed a Memorandum of Understanding to boost exports from West Bengal. The collaboration aims to utilize Amazon's platform to enhance and accelerate the export of products from organizations in the region.
  • In October 2023, Flipkart introduced 'Flipkart Commerce Cloud,' a retail intelligence platform designed for international retailers and e-commerce companies. This service offers AI-driven solutions tailored to the specific needs of retail businesses, aiming to enhance the capabilities of merchants and e-commerce operations worldwide.
  • In June 2023, Techstars and eBay Inc. announced a strategic partnership to launch the "Techstars Future of E-commerce powered by eBay Inc." This initiative seeks to leverage the strengths of both companies to foster innovation and support businesses in the e-commerce sector. Through this program, backed by eBay, emerging entrepreneurs will gain access to guidance, tools, and opportunities to shape the future of e-commerce.
  • In May 2023, Walmart Commerce Technologies partnered with Salesforce to enhance retailers' capabilities on the Salesforce Commerce Cloud. This collaboration allows retailers to seamlessly integrate Walmart's store fulfillment technologies and local delivery services, offering customers more convenient options for pickup and delivery, and improving the overall shopping experience on the platform.

Report Details

Report Characteristics
Market Size (2024) USD 22.2 Tn
Forecast Value (2033) USD 105.3 Tn
CAGR (2024-2033) 18.9%
Historical Data 2018 – 2023
The US Market Size (2024) USD 7.8 Tn
Forecast Data 2025 – 2033
Base Year 2023
Estimate Year 2024
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Deployment (Intermediary-oriented, Supplier-oriented, and Buyer-oriented), By Enterprise Size (Small & Medium Enterprise, and Large Enterprise), By Application (Home & Kitchen, Clothing, Consumer Electronics, Industrial & Science, Beauty & Personal Care, and Others)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Amazon, Alibaba, ASOS, Costco Wholesale Corporation, Dangdang, eBay Inc., Flipkart, JD.com, Shopify, Shopee, Walmart, and Other Key Players, and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users) and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Business-to-Business E-Commerce Market?

    Global Business-to-Business E-Commerce Market size is estimated to have a value of USD 22.2 trillion in 2024 and is expected to reach USD 105.3 trillion by the end of 2033.

  • Which region accounted for the largest Global Business-to-Business E-Commerce Market?

    North America is expected to be the largest market share for the Global Business-to-Business E-Commerce Market with a share of about 42.0% in 2024.

  • Who are the key players in the Global Business-to-Business E-Commerce Market?

    Some of the major key players in the Global Business-to-Business E-Commerce Market are Amazon, Walmart, and Google. and many others.

  • What is the growth rate in the Global Business-to-Business E-Commerce Market?

    The market is growing at a CAGR of 18.2% percent over the forecasted period.

  • How big is the US Business-to-Business E-Commerce Market?

    The Global US Market size is estimated to have a value of USD 7.8 trillion in 2024 and is expected to reach USD 34.1 trillion by the end of 2033.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Business-To-Business E-Commerce Market Overview
        2.1.Global Business-To-Business E-Commerce Market Overview by Type
        2.2.Global Business-To-Business E-Commerce Market Overview by Application
      3.Business-To-Business E-Commerce Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Business-To-Business E-Commerce Market Drivers
          3.1.2.Business-To-Business E-Commerce Market Opportunities
          3.1.3.Business-To-Business E-Commerce Market Restraints
          3.1.4.Business-To-Business E-Commerce Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Business-To-Business E-Commerce Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Deployment, 2017-2032
        4.1.Global Business-To-Business E-Commerce Market Analysis by By Deployment: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Intermediary-oriented
        4.4.Supplier-oriented
        4.5.Buyer-oriented
      5.Global Business-To-Business E-Commerce Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Enterprise Size, 2017-2032
        5.1.Global Business-To-Business E-Commerce Market Analysis by By Enterprise Size: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Small & Medium Enterprise
        5.4.Large Enterprise
      6.Global Business-To-Business E-Commerce Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Application, 2017-2032
        6.1.Global Business-To-Business E-Commerce Market Analysis by By Application: Introduction
        6.2.Market Size and Forecast by Region
        6.3.Home & Kitchen
        6.4.Clothing
        6.5.Consumer Electronics
        6.6.Industrial & Science
        6.7.Beauty & Personal Care
        6.8.Others
      10.Global Business-To-Business E-Commerce Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        10.1.North America
          10.1.1.North America Business-To-Business E-Commerce Market: Regional Analysis, 2017-2032
            10.1.1.1.The US
            10.1.1.2.Canada
        10.2.1.Europe
          10.2.1.Europe Business-To-Business E-Commerce Market: Regional Trend Analysis
            10.2.1.1.Germany
            10.2.1.2.France
            10.2.1.3.UK
            10.2.1.4.Russia
            10.2.1.5.Italy
            10.2.1.6.Spain
            10.2.1.7.Nordic
            10.2.1.8.Benelux
            10.2.1.9.Rest of Europe
        10.3.Asia-Pacific
          10.3.1.Asia-Pacific Business-To-Business E-Commerce Market: Regional Analysis, 2017-2032
            10.3.1.1.China
            10.3.1.2.Japan
            10.3.1.3.South Korea
            10.3.1.4.India
            10.3.1.5.ANZ
            10.3.1.6.ASEAN
            10.3.1.7.Rest of Asia-Pacifc
        10.4.Latin America
          10.4.1.Latin America Business-To-Business E-Commerce Market: Regional Analysis, 2017-2032
            10.4.1.1.Brazil
            10.4.1.2.Mexico
            10.4.1.3.Argentina
            10.4.1.4.Colombia
            10.4.1.5.Rest of Latin America
        10.5.Middle East and Africa
          10.5.1.Middle East and Africa Business-To-Business E-Commerce Market: Regional Analysis, 2017-2032
            10.5.1.1.Saudi Arabia
            10.5.1.2.UAE
            10.5.1.3.South Africa
            10.5.1.4.Israel
            10.5.1.5.Egypt
            10.5.1.6.Turkey
            10.5.1.7.Rest of MEA
      11.Global Business-To-Business E-Commerce Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        11.1.Market Share Analysis
        11.2.Company Profiles
          11.3.1.Company Overview
          11.3.2.Financial Highlights
          11.3.3.Product Portfolio
          11.3.4.SWOT Analysis
          11.3.5.Key Strategies and Developments
        11.4.Amazon.com, Inc.
          11.4.1.Company Overview
          11.4.2.Financial Highlights
          11.4.3.Product Portfolio
          11.4.4.SWOT Analysis
          11.4.5.Key Strategies and Developments
        11.5.Alibaba
          11.5.1.Company Overview
          11.5.2.Financial Highlights
          11.5.3.Product Portfolio
          11.5.4.SWOT Analysis
          11.5.5.Key Strategies and Developments
        11.6.ASOS
          11.6.1.Company Overview
          11.6.2.Financial Highlights
          11.6.3.Product Portfolio
          11.6.4.SWOT Analysis
          11.6.5.Key Strategies and Developments
        11.7.Costco Wholesale Corporation
          11.7.1.Company Overview
          11.7.2.Financial Highlights
          11.7.3.Product Portfolio
          11.7.4.SWOT Analysis
          11.7.5.Key Strategies and Developments
        11.8.Dangdang
          11.8.1.Company Overview
          11.8.2.Financial Highlights
          11.8.3.Product Portfolio
          11.8.4.SWOT Analysis
          11.8.5.Key Strategies and Developments
        11.9.eBay Inc.
          11.9.1.Company Overview
          11.9.2.Financial Highlights
          11.9.3.Product Portfolio
          11.9.4.SWOT Analysis
          11.9.5.Key Strategies and Developments
        11.10.Flipkart.com
          11.10.1.Company Overview
          11.10.2.Financial Highlights
          11.10.3.Product Portfolio
          11.10.4.SWOT Analysis
          11.10.5.Key Strategies and Developments
        11.11.JD.com
          11.11.1.Company Overview
          11.11.2.Financial Highlights
          11.11.3.Product Portfolio
          11.11.4.SWOT Analysis
          11.11.5.Key Strategies and Developments
        11.12.Shopify
          11.12.1.Company Overview
          11.12.2.Financial Highlights
          11.12.3.Product Portfolio
          11.12.4.SWOT Analysis
          11.12.5.Key Strategies and Developments
        11.13.Shopee
          11.13.1.Company Overview
          11.13.2.Financial Highlights
          11.13.3.Product Portfolio
          11.13.4.SWOT Analysis
          11.13.5.Key Strategies and Developments
        11.14.Walmart
          11.14.1.Company Overview
          11.14.2.Financial Highlights
          11.14.3.Product Portfolio
          11.14.4.SWOT Analysis
          11.14.5.Key Strategies and Developments
      12.Assumptions and Acronyms
      13.Research Methodology
      14.Contact
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