Global Business-to-Business (B2B) E-commerce Market Overview with Qualitative Analysis, Competitive Landscape & Forecast 2024
Businessto Business e-commerce market is growing rapidly and changing the buying patterns worldwide. In this system, an online platform is set up where buyers & sellers come together to trade goods and services. Google Shopping and Amazon Supply are contributing significantly in this marketplace.
Increasing
communication facilities worldwide are the key driving forces behind the B2B
e-commerce market growth. Increasing adoption of cloud computing is further
positively impacting the market growth. There are many private and public cloud
computing options which have the capacity to integrate the developing B2B
markets. One of these options includes Network as a Service (NaaS), Back-end as
a Service (BaaS), Storage as a Service (STaas) and Data as a Service (Daas).
These options can be customized as per client’s requirements pertaining to the
budget, size of the firm, and specific requirement.
Increasing
cases of online frauds and lack of security are the biggest threats to the
industry. Further, regulations regarding online payment across the globe are
expected to hamper the market growth. Electronic data interchange, Enterprise
resource planning, Customer Relationship Management are the further instigating
market growth.
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Deployment Model Insights:
The
B2B e-commerce market can be classified by using deployment model in to three
types, buyer-oriented, supplier-oriented and intermediary-oriented e-commerce.
Buyer-oriented B2B e-commerce is in which a buyer opens a market on its
individual server and invites prospective suppliers On the other hand, where
supplier use his own server for transaction and gets the current sales from a
large number of buyers worldwide is called supplier-oriented marketplace. Dell,
Cisco, Intel, and IBM are some of the examples of it. Further, when a third
party operator sets up a marketplace for buyers and sellers to strike a deal,
it is called Intermediary-oriented e-commerce. For instance Covisint is an
automotive trade intermediary formed by Daimler-Chrysler group, General Motors,
and Ford.
Enterprise Insights:
B2B
e-commerce is rapidly changing the business pattern worldwide and helping many
small and medium enterprises (SMEs) as well as large firms in their businesses.
They help them reach to the remote areas worldwide having business potential.
Increasing technological advancements is incessantly helping in cost reduction
and speeder transaction, owing to which the B2B e-commerce market is expected
to grow over the forecast period.
In
addition, SMEs has reduced resources as well as time through the online &
offline transaction. As a result of which they have gain the competitive
advantages with the help of e-commerce platform further it has helped to
improve operational efficiency.
Regional Insights:
In
Asia Pacific, rising infrastructure amenities as well as rolling number of
internet users are projected to stimulate market growth. Further, the area is
anticipated to witness increase in demand for B2B e-commerce business adoption,
which can be credited to Smartphone propagation. The U.S. B2B e-commerce market
is anticipated to witness augment in demand over the predicted period, which can
be credited to the increase of cloud services as well as flourishing B2C
experiences that are motivating demand for B2B e-commerce.
Competitive Insights:
Oracle,
IBM, Amazon Inc, Alibaba are the key industry participant’s in the B2B
e-commerce industry..Axway, Phoenix Biz Solutions, and Techdinamics are some
other important players in the market. Companies’ primarily focuses on
delivering enhanced experience to their customers which will help them gain
higher market share over the forecast period. As the number of players in the
market is increasing there is intense competition. Thus, improved customer
relationship is key to gain advantage over competitors in the market.
Market Segment:
B2B E-commerce Deployment Model
Outlook (Revenue, USD Billion, 2012 - 2020)
• Buyer-oriented B2B e-commerce
• Supplier-oriented B2B e-commerce
• Intermediary-oriented B2B e-commerce
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B2B E-commerce Enterprise Outlook
(Revenue, USD Billion, 2012 - 2020)
• SME
• Large enterprise
B2B E-commerce Regional Outlook
(Revenue, USD Billion, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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