03-Aug-2021 | Zion Market Research
Some of key players in sports nutrition market are Amazon.com, Inc., ChinaAseanTrade.com, DIYTrade.com, eBay Inc., eworldtrade.com, Flexfire LEDs, Flipkart.com, IndiaMART Intermesh Ltd., KellySearch.com and KOMPASS among others. These players are set to bolster the development of global B2B E-Commerce market.
According to analysts at Zion Market Research, the global B2B E-commerce market accounted for USD 6.57 Trillion in 2020 and is expected to reach USD 25.59 Trillion by 2028, growing at a CAGR of more than 18.74% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Business-to-Business E-commerce Market by Type (Buyer oriented e-commerce, Supplier oriented e-commerce, Intermediary oriented e-commerce), by Size ( Small and Medium enterprise, Large enterprise) and by Applications (home and kitchen application, consumer electronics, industrial and science, healthcare, clothing, beauty, and personal care, sports apparel, books and stationery, automotive, and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Rising proliferation of smartphones and increasing internet penetration is to Spur Growth.
Additionally, rising proliferation of smartphones and increasing internet penetration is further creating avenues for market growth. Owing to the ease of doing business and enabling companies to track their inventory, view orders and payments on mobile phones has resulted in increased adoption of B2B e-commerce platforms. Apart from this, rapid tapping of untapped rural market is growing new opportunities. Additionally, the increasing movement of buyers preference towards online market and presence of large number of competitors and emergence of Omni channel methods of shopping is one the main reasons to boost e-commerce market.
Presence of Big Players in the Region Support North America Dominance
North America is expected to account for the largest market for B2B e-Commerce. It has accounted for more than 28% market share for B2B e-Commerce in 2020. The growth in this region is majorly supported by benefits from high incomes, world-class devices and proper infrastructure. Also, the major players like Amazon.com, Inc., eBay.com, Wal-Mart and others influence the market.
Asia-Pacific is the fastest growing market for the B2B e-Commerce Market over the forecast period. This is because of the growing customers and mobile phone users in this region. Also tapping of untapped markets like rural sectors in the developing economies like India is fuelling the market. Moreover, countries such as China, Japan, and South Korea are among the top 10 exporters of merchandise and account for a large portion of global e-commerce sales.
Browse the full “Business-to-Business E-commerce Market by Type (Buyer Oriented E-commerce, Supplier Oriented E-commerce, Intermediary Oriented E-commerce), by Size (Small and Medium Enterprise and Large Enterprise), by Applications (Home and Kitchen Application, Consumer Electronics, Industrial and Science, Healthcare, Clothing, Beauty and Personal Care, Sports Apparel, Books and Stationery, Automotive, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/business-to-business-e-commerce-market
The global Business-to-business e-Commerce market is segmented as follows:
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