Market by Product Type, Payment Mode, and Regional Outlook | Forecast 2022-2028
Business-to-business eCommerce refers to the selling or exchanging goods
and services between businesses via an online sales channel. It is ideal for
wholesale manufacturers or distributors aiming to expand their operations.
Moreover, B2B eCommerce allows vendors to ensure smooth transactions through
online mode. The goal is to widen customer reach and gain high revenue while
reducing cost-to-serve.
According to Triton Market Research’s report, the Global B2B eCommerce Market was valued at $42.54 billion in 2021 and is expected to reach $170.34 billion by 2028, growing at a CAGR of 21.22% during the forecast period 2022-2028.
Click here to check out our blog on the Global B2B eCommerce Market
MARKET
PERFORMANCE: DRIVERS, CHALLENGES, AND TRENDS
Over
the forecast period, the market expansion is likely to be fueled by growth in
online orders, technological advancements and developments, and ease and
adoption of different payment modes. Technological developments, such as cloud
technology and artificial intelligence, have enabled the business-to-business
eCommerce market to offer an improved customer experience. Besides, the
internet has emerged as a powerful tool to connect buyers and sellers efficiently,
heavily supporting an organization’s value chain. To keep pace with the ever-changing customer expectations, organizations have turned to virtual and augmented reality applications, which have become a vital part of the long-term eCommerce strategy for many B2B companies globally. Virtual and augmented reality applications develop immersive customer
experiences, enhancing business-to-business buyers’ decision-making.
The
market, however, must overcome significant obstacles like data privacy and
security concerns and the need for high investments. The costs of developing and operating an
eCommerce website include cap-ex investments, technological upgrades, software
licenses, infrastructure, implementation, and server provisioning costs. Also,
these websites need efficient maintenance that adds to the overall cost. In
this regard, the total cost varies based on required features and project
scope. For instance, according to Harris Web Works, the cost range for a B2B
eCommerce website (Magneto) ranges from $20,000 to $45,000 for basic (a small
starter website), $45,000 to $100,000 for custom (an established business with
custom features), and more than $100,000 for enterprise (complex business rules
and systems). Such high investments for platform deployment may limit new and
small players entering the market. These challenges thus restrict the process
of B2B eCommerce recycling, hindering the global market’s growth.
Nevertheless, governments are opting for online business-to-business marketplaces, which are expected to create opportunities for the global B2B eCommerce market during the forecast period. For example, the United States General Services Administration (GSA), in June 2020, announced contracts with Overstock.com, Amazon Business, and Thermo Fisher Scientific to order products ranging from furniture to laboratory supplies. Besides, in 2019, the Indian government announced a partnership with eBay to boost the exports of indigenous products and handicrafts produced in Uttar Pradesh. In this regard, a team of officials presented to the state Micro, Small and Medium Enterprises Department about the export of indigenous products under the one-district-one-product scheme. Hence, such measures are expected to fuel the studied market’s development in the upcoming years.
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KEY GEOGRAPHIES COVERED:
• North America: United States and Canada
• Europe: United Kingdom,
France, Germany, Spain, Italy, and Rest of Europe
• Asia-Pacific: China,
Japan, India, South Korea, Vietnam, Philippines, Australia & New Zealand,
and Rest of Asia-Pacific
• Latin America: Brazil,
Mexico, and Rest of Latin America
• Middle East and Africa:
Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle
East & Africa
SEGMENTATION ANALYSIS – B2B ECOMMERCE
MARKET:
• Based on Product Type:
o Consumer Electronics
o Automotive
o Beauty & Personal Care
o Industrial & Science
o Clothing
o Sports
o Food and Beverage
o Construction
o Others
Food
and beverage is expected to be the fastest-growing product type during the
forecast period. With
compliance and regulatory requirements growing, the F&B industry faces
unique challenges that must be considered while implementing a
business-to-business eCommerce software solution. There have also been
significant developments by players within the F&B sector, which majorly
promote market growth.
• Based on Payment mode:
o Digital/Mobile/E-Wallets
o Credit and Debit Cards
o Bank Transfer
o Cash on Delivery
o Others
The
digital/mobile/e-wallets category is expected to dominate the market during the
forecast period. These
payment methods have leaped to the forefront by providing seamless convenience
to customers. Mobile applications integrate the payment process into daily
routines, with preloaded credentials speeding the online checkout time. Digital
wallets enable these actions safely with tokenization, encryption, and device
authentication, offering an extra layer of security. Hence, digital/mobile/e-wallets
offer lucrative growth opportunities to the market.
COMPETITIVE LANDSCAPE:
The B2B eCommerce market by company profile
helps dive into data about the key players in this industry. The strategic
initiatives for each of the companies considered have been covered in detail.
Product
launch (2022): Larsen & Toubro
Larsen & Toubro unveiled its new eCommerce
platform, L&T-SuFin, to sell B2B industrial products and services. The
platform is set to offer selected industrial products in more than 40
categories, along with financing and logistics support.
Product
launch (2022): Tech Data India
Tech Data India introduced its
business-to-business eCommerce platform, Peer Connexions. This newly launched
platform intends to shift from traditional to digital.
KEY BENEFITS OF THE REPORT:
●
Triton Market Research has a collective experience of 25-30 years
in the industry, with its analysts and experts encompassing the most infallible
research methodology for its market intelligence and industry analysis.
●
Our research methodology helps in achieving a broader consensus of
the market size, shape, and industry trends within each industry segment.
●
The strategy adopted in designing the research methodology
includes the amalgamation of the information assembled from primary and
secondary sources, with the assistance of analytical tools to construct the
forecast and predictive models.
●
The scope of the market report comprises the current scenario of
the global B2B eCommerce market, along with the detailed overview of the
industry outlook, market dynamics, segmentation analysis, regional outlook, and
competitive landscape for the period 2022-2028.
FAQs:
Q 1) Does this report include
the impact of COVID-19 on the B2B eCommerce market?
The market study has analyzed the impact of COVID-19 on the B2B
eCommerce market qualitatively as well as quantitatively.
Q 2) Which B2B eCommerce
payment mode dominates in the B2B eCommerce market?
Digital/mobile/e-wallets accounted for the largest market share in 2021
and is expected to dominate the market during the forecast period 2022-2028.
Market by Security Testing Typ ..
VIEW REPORT1. GLOBAL
B2B ECOMMERCE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE B2B ECOMMERCE MARKET
2.2. KEY
INSIGHTS
2.2.1. INCREASING
POPULARITY OF OMNICHANNEL SALES
2.2.2. GOVERNMENTS
SHIFTING TOWARDS ONLINE MARKETPLACES
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES & DEVELOPMENTS
2.6.2. PARTNERSHIPS
& AGREEMENTS
2.7. MARKET
DRIVERS
2.7.1. GROWTH
IN ONLINE ORDERS
2.7.2. TECHNOLOGICAL
ADVANCEMENTS AND DEVELOPMENTS
2.7.3. EASE
AND ADOPTION OF DIFFERENT PAYMENT MODES
2.8. MARKET
CHALLENGES
2.8.1. CONCERNS
REGARDING DATA PRIVACY AND SECURITY
2.8.2. NEED
FOR HIGH INVESTMENTS
2.9. MARKET
OPPORTUNITIES
2.9.1. ADOPTION
OF SOCIAL COMMERCE
2.9.2. ADOPTION
OF AUGMENTED AND VIRTUAL REALITY
3. GLOBAL
B2B ECOMMERCE MARKET OUTLOOK - BY PRODUCT TYPE
3.1. CONSUMER
ELECTRONICS
3.2. AUTOMOTIVE
3.3. BEAUTY
& PERSONAL CARE
3.4. INDUSTRIAL
& SCIENCE
3.5. CLOTHING
3.6. SPORTS
3.7. FOOD
AND BEVERAGE
3.8. CONSTRUCTION
3.9. OTHERS
4. GLOBAL
B2B ECOMMERCE MARKET OUTLOOK - BY PAYMENT MODE
4.1. DIGITAL/MOBILE/E-WALLETS
4.2. CREDIT
AND DEBIT CARDS
4.3. BANK
TRANSFER
4.4. CASH
ON DELIVERY
4.5. OTHERS
5. GLOBAL
B2B ECOMMERCE MARKET – REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY PRODUCT TYPE
5.1.2. MARKET
BY PAYMENT MODE
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. UNITED
STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY PRODUCT TYPE
5.2.2. MARKET
BY PAYMENT MODE
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. UNITED
KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY PRODUCT TYPE
5.3.2. MARKET
BY PAYMENT MODE
5.3.3. COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH
KOREA
5.3.3.5. VIETNAM
5.3.3.6. PHILIPPINES
5.3.3.7. AUSTRALIA
& NEW ZEALAND
5.3.3.8. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY PRODUCT TYPE
5.4.2. MARKET
BY PAYMENT MODE
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY PRODUCT TYPE
5.5.2. MARKET
BY PAYMENT MODE
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. UNITED
ARAB EMIRATES
5.5.3.2. SAUDI
ARABIA
5.5.3.3. TURKEY
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. ALIBABA
GROUP HOLDING LTD
6.2. AMAZON
INC
6.3. CHINAASEANTRADE.COM
6.4. DIY
TRADE
6.5. EBAY
INC
6.6. EC21
6.7. EWORLDTRADE
6.8. FLEXFIRE
LEDS
6.9. FLIPKART
6.10. GLOBAL
SOURCES
6.11. INDIAMART
INTERMESH LTD
6.12. KOMPASS
6.13. MSC
INDUSTRIAL DIRECT
6.14. QUILL CORPORATION
6.15. THOMASNET
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE
1: GLOBAL B2B ECOMMERCE MARKET, BY
REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
2: VENDOR SCORECARD
TABLE
3: GLOBAL B2B ECOMMERCE MARKET, BY
PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE
4: GLOBAL B2B ECOMMERCE MARKET, BY
PAYMENT MODE, 2022-2028 (IN $ MILLION)
TABLE
5: GLOBAL B2B ECOMMERCE MARKET, BY
REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
6: NORTH AMERICA B2B ECOMMERCE MARKET,
BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
7: NORTH AMERICA B2B ECOMMERCE MARKET,
BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE
8: NORTH AMERICA B2B ECOMMERCE MARKET,
BY PAYMENT MODE, 2022-2028 (IN $ MILLION)
TABLE
9: EUROPE B2B ECOMMERCE MARKET, BY
COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
10: EUROPE B2B ECOMMERCE MARKET, BY
PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE
11: EUROPE B2B ECOMMERCE MARKET, BY
PAYMENT MODE, 2022-2028 (IN $ MILLION)
TABLE
12: ASIA-PACIFIC B2B ECOMMERCE MARKET,
BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
13: ASIA-PACIFIC B2B ECOMMERCE MARKET,
BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE
14: ASIA-PACIFIC B2B ECOMMERCE MARKET,
BY PAYMENT MODE, 2022-2028 (IN $ MILLION)
TABLE
15: LATIN AMERICA B2B ECOMMERCE MARKET,
BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
16: LATIN AMERICA B2B ECOMMERCE MARKET,
BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE
17: LATIN AMERICA B2B ECOMMERCE MARKET,
BY PAYMENT MODE, 2022-2028 (IN $ MILLION)
TABLE
18: MIDDLE EAST AND AFRICA B2B ECOMMERCE
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE
19: MIDDLE EAST AND AFRICA B2B ECOMMERCE
MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE
20: MIDDLE EAST AND AFRICA B2B ECOMMERCE
MARKET, BY PAYMENT MODE, 2022-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: GLOBAL B2B ECOMMERCE MARKET, BY
PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE
3: GLOBAL B2B ECOMMERCE MARKET, BY
CONSUMER ELECTRONICS, 2022-2028 (IN $ MILLION)
FIGURE
4: GLOBAL B2B ECOMMERCE MARKET, BY
AUTOMOTIVE, 2022-2028 (IN $ MILLION)
FIGURE
5: GLOBAL B2B ECOMMERCE MARKET, BY
BEAUTY & PERSONAL CARE, 2022-2028 (IN $ MILLION)
FIGURE
6: GLOBAL B2B ECOMMERCE MARKET, BY
INDUSTRIAL & SCIENCE, 2022-2028 (IN $ MILLION)
FIGURE
7: GLOBAL B2B ECOMMERCE MARKET, BY CLOTHING,
2022-2028 (IN $ MILLION)
FIGURE
8: GLOBAL B2B ECOMMERCE MARKET, BY
SPORTS, 2022-2028 (IN $ MILLION)
FIGURE
9: GLOBAL B2B ECOMMERCE MARKET, BY FOOD
AND BEVERAGE, 2022-2028 (IN $ MILLION)
FIGURE
10: GLOBAL B2B ECOMMERCE MARKET, BY
CONSTRUCTION, 2022-2028 (IN $ MILLION)
FIGURE
11: GLOBAL B2B ECOMMERCE MARKET, BY
OTHERS, 2022-2028 (IN $ MILLION)
FIGURE
12: GLOBAL B2B ECOMMERCE MARKET, BY
PAYMENT MODE, 2021 & 2028 (IN %)
FIGURE
13: GLOBAL B2B ECOMMERCE MARKET, BY
DIGITAL/MOBILE/E-WALLETS, 2022-2028 (IN $ MILLION)
FIGURE
14: GLOBAL B2B ECOMMERCE MARKET, BY
CREDIT AND DEBIT CARDS, 2022-2028 (IN $ MILLION)
FIGURE
15: GLOBAL B2B ECOMMERCE MARKET, BY BANK
TRANSFER, 2022-2028 (IN $ MILLION)
FIGURE
16: GLOBAL B2B ECOMMERCE MARKET, BY CASH
ON DELIVERY, 2022-2028 (IN $ MILLION)
FIGURE
17: GLOBAL B2B ECOMMERCE MARKET, BY
OTHERS, 2022-2028 (IN $ MILLION)
FIGURE
18: GLOBAL B2B ECOMMERCE MARKET, BY
REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE
19: UNITED STATES B2B ECOMMERCE MARKET 2022-2028
(IN $ MILLION)
FIGURE
20: CANADA B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
21: UNITED KINGDOM B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
22: GERMANY B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
23: FRANCE B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
24: SPAIN B2B ECOMMERCE MARKET 2022-2028
(IN $ MILLION)
FIGURE
25: ITALY B2B ECOMMERCE MARKET 2022-2028
(IN $ MILLION)
FIGURE
26: REST OF EUROPE B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
27: CHINA B2B ECOMMERCE MARKET 2022-2028
(IN $ MILLION)
FIGURE
28: JAPAN B2B ECOMMERCE MARKET 2022-2028
(IN $ MILLION)
FIGURE
29: INDIA B2B ECOMMERCE MARKET 2022-2028
(IN $ MILLION)
FIGURE
30: SOUTH KOREA B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
31: VIETNAM B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
32: PHILIPPINES B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
33: AUSTRALIA & NEW ZEALAND B2B
ECOMMERCE MARKET 2022-2028 (IN $ MILLION)
FIGURE
34: REST OF ASIA-PACIFIC B2B ECOMMERCE
MARKET 2022-2028 (IN $ MILLION)
FIGURE
35: BRAZIL B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
36: MEXICO B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
37: REST OF LATIN AMERICA B2B ECOMMERCE
MARKET 2022-2028 (IN $ MILLION)
FIGURE
38: UNITED ARAB EMIRATES B2B ECOMMERCE
MARKET 2022-2028 (IN $ MILLION)
FIGURE
39: SAUDI ARABIA B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
40: TURKEY B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
41: SOUTH AFRICA B2B ECOMMERCE MARKET
2022-2028 (IN $ MILLION)
FIGURE
42: REST OF MIDDLE EAST & AFRICA B2B
ECOMMERCE MARKET 2022-2028 (IN $ MILLION)