The business-to-business electronic market size has grown steadily in recent years. It will grow from $32.76 billion in 2023 to $33.58 billion in 2024 at a compound annual growth rate (CAGR) of 2.5%. The growth observed during the historic period can be attributed to factors such as the influence of mobile technology, widespread proliferation of the internet, the emergence of early e-commerce platforms, adoption of Electronic Data Interchange (EDI), integration of Enterprise Resource Planning (ERP) systems, and the impact of globalization on business-to-business electronic services.
The business-to-business electronic market size is expected to see steady growth in the next few years. It will grow to $37.1 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The anticipated growth in the forecast period can be attributed to factors such as the adoption of cloud-based solutions, a heightened focus on personalization, the development of the API (Application Programming Interface) economy, the expansion of e-procurement, and enhanced cybersecurity measures in business-to-business electronic services. Major trends expected in the forecast period encompass the utilization of data analytics and insights, personalization of services, the integration of blockchain for security, applications of the Internet of Things (IoT), and an increased focus on user experience (UX).
The increasing trend among companies to establish their online presence through electronic or e-commerce platforms is anticipated to contribute significantly to the growth of business-to-business electronics. These electronic markets facilitate widespread consumer reach, cost reduction, and improved efficiency by automating manual processes. The surge in global online sales, as reported by Forbes Advisor in February 2023, with projections indicating further growth to $8.14 trillion by 2026, exemplifies the ongoing contribution of e-commerce platforms to the expansion of the business-to-business electronic market.
Global population growth is expected to be a driving force behind the continued expansion of the business-to-business electronic market. Factors such as birth rates, reduced infant mortality, migration, and societal and economic influences contribute to the growing global population. This demographic expansion leads to increased demand for products and services through B2B platforms, fostering market growth, scalability, and enhanced global connectivity. United Nations estimates in November 2022 indicated a global population exceeding 8 billion, with projections suggesting an increase to nearly 10 billion by around 2050. Thus, the growing population is anticipated to be a significant contributor to the sustained growth of the business-to-business electronic market.
The growth of the business-to-business electronic market may face hindrances due to the increasing frequency of cyberattacks on e-commerce websites. Cyber threats to the E-commerce sector surged by 37% in the third quarter of 2021 compared to the first quarter of the same year, causing reputational damage and financial losses. Such cyberattacks diminish customer and seller trust, leading to service opt-outs and businesses being compelled to pay ransoms in various forms. This cybersecurity challenge poses a substantial restraint on the market's growth.
A notable trend in business-to-business electronics involves manufacturers establishing their B2B marketplaces to cater to niche products and fulfill customer requirements. For instance, Reliance Steel launched the B2B marketplace Fast Metals in February 2020 for the supply of metal products. This trend is indicative of manufacturers directly engaging in B2B platforms to expand their market presence.
Major companies in the business-to-business electronic market are incorporating innovative technologies, such as virtual stores, into their e-commerce platforms. The introduction of virtual store technology by J.Crew in June 2023 exemplifies this trend, providing customers with an immersive shopping experience reminiscent of physically entering a retail store. These virtual stores aim to establish connections with diverse demographics, enhance customer engagement, boost sales, and create lasting digital interactions.
In April 2022, BigCommerce, an Open SaaS eCommerce company, acquired BundleB2B, a B2B ecommerce solution provider based in Texas, for an undisclosed amount. This strategic acquisition is expected to enhance BigCommerce's offerings for B2B customers, emphasizing the significance of B2B ecommerce solutions in the evolving market landscape.
Major companies operating in the business-to-business electronic market report are Walmart Inc., Amazon.com Inc., Alibaba Group Holding Limited, Rakuten Group Inc., eBay Inc., Kelly's Directories Ltd., MFG.com, Global Sources Trade Ltd., BusyTrade.com, Indiamart Intermesh Ltd., Hong Kong Trade Development Council, Tradekey Pvt Ltd., Made-in-China.com, EC21 Inc., DIYTrade.com, eworldtrade.com, Gasgoo International Co. Ltd., TradeIndia.com, EC Plaza Network Inc., ExportHub Inc., ChinaAseanTrade.com, Thomas Industrial Network Inc., Kompass India Information Private Limited, Taiwan External Trade Development Council, Eceurope Co. Asia-Pacific was the largest region in the business-to-business electronic market in 2023. North America was the second-largest region in the global business-to-business electronic market share. The regions covered in the business-to-business electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The main deployment types of business-to-business electronics include supplier-oriented, buyer-oriented, and intermediary-oriented models. In a supplier-oriented electronic setup, a group of suppliers establishes an online marketplace to create an efficient channel for selling to a large number of enterprises. The application areas of business-to-business electronics span across home and kitchen, consumer electronics, healthcare, clothing, beauty and personal care, sports apparel, automotive, and other sectors, commonly utilized in services such as Network as a Service (NAAS), Data as a Service (DAAS), Storage as a Service (STAAS), and Back-end as a Service (BAAS).
The business-to-business electronic market research report is one of a series of new reports that provides business-to-business electronic market statistics, including business-to-business electronic industry global market size, regional shares, competitors with a business-to-business electronic market share, detailed business-to-business electronic market segments, market trends and opportunities, and any further data you may need to thrive in the business-to-business electronic industry. This business-to-business electronic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The countries covered in the business-to-business electronic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The business-to-business electronic market includes revenues earned by entities by providing services such as listing services, sales assistance, and logistics services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The business-to-business electronic market size is expected to see steady growth in the next few years. It will grow to $37.1 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The anticipated growth in the forecast period can be attributed to factors such as the adoption of cloud-based solutions, a heightened focus on personalization, the development of the API (Application Programming Interface) economy, the expansion of e-procurement, and enhanced cybersecurity measures in business-to-business electronic services. Major trends expected in the forecast period encompass the utilization of data analytics and insights, personalization of services, the integration of blockchain for security, applications of the Internet of Things (IoT), and an increased focus on user experience (UX).
The increasing trend among companies to establish their online presence through electronic or e-commerce platforms is anticipated to contribute significantly to the growth of business-to-business electronics. These electronic markets facilitate widespread consumer reach, cost reduction, and improved efficiency by automating manual processes. The surge in global online sales, as reported by Forbes Advisor in February 2023, with projections indicating further growth to $8.14 trillion by 2026, exemplifies the ongoing contribution of e-commerce platforms to the expansion of the business-to-business electronic market.
Global population growth is expected to be a driving force behind the continued expansion of the business-to-business electronic market. Factors such as birth rates, reduced infant mortality, migration, and societal and economic influences contribute to the growing global population. This demographic expansion leads to increased demand for products and services through B2B platforms, fostering market growth, scalability, and enhanced global connectivity. United Nations estimates in November 2022 indicated a global population exceeding 8 billion, with projections suggesting an increase to nearly 10 billion by around 2050. Thus, the growing population is anticipated to be a significant contributor to the sustained growth of the business-to-business electronic market.
The growth of the business-to-business electronic market may face hindrances due to the increasing frequency of cyberattacks on e-commerce websites. Cyber threats to the E-commerce sector surged by 37% in the third quarter of 2021 compared to the first quarter of the same year, causing reputational damage and financial losses. Such cyberattacks diminish customer and seller trust, leading to service opt-outs and businesses being compelled to pay ransoms in various forms. This cybersecurity challenge poses a substantial restraint on the market's growth.
A notable trend in business-to-business electronics involves manufacturers establishing their B2B marketplaces to cater to niche products and fulfill customer requirements. For instance, Reliance Steel launched the B2B marketplace Fast Metals in February 2020 for the supply of metal products. This trend is indicative of manufacturers directly engaging in B2B platforms to expand their market presence.
Major companies in the business-to-business electronic market are incorporating innovative technologies, such as virtual stores, into their e-commerce platforms. The introduction of virtual store technology by J.Crew in June 2023 exemplifies this trend, providing customers with an immersive shopping experience reminiscent of physically entering a retail store. These virtual stores aim to establish connections with diverse demographics, enhance customer engagement, boost sales, and create lasting digital interactions.
In April 2022, BigCommerce, an Open SaaS eCommerce company, acquired BundleB2B, a B2B ecommerce solution provider based in Texas, for an undisclosed amount. This strategic acquisition is expected to enhance BigCommerce's offerings for B2B customers, emphasizing the significance of B2B ecommerce solutions in the evolving market landscape.
Major companies operating in the business-to-business electronic market report are Walmart Inc., Amazon.com Inc., Alibaba Group Holding Limited, Rakuten Group Inc., eBay Inc., Kelly's Directories Ltd., MFG.com, Global Sources Trade Ltd., BusyTrade.com, Indiamart Intermesh Ltd., Hong Kong Trade Development Council, Tradekey Pvt Ltd., Made-in-China.com, EC21 Inc., DIYTrade.com, eworldtrade.com, Gasgoo International Co. Ltd., TradeIndia.com, EC Plaza Network Inc., ExportHub Inc., ChinaAseanTrade.com, Thomas Industrial Network Inc., Kompass India Information Private Limited, Taiwan External Trade Development Council, Eceurope Co. Asia-Pacific was the largest region in the business-to-business electronic market in 2023. North America was the second-largest region in the global business-to-business electronic market share. The regions covered in the business-to-business electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The main deployment types of business-to-business electronics include supplier-oriented, buyer-oriented, and intermediary-oriented models. In a supplier-oriented electronic setup, a group of suppliers establishes an online marketplace to create an efficient channel for selling to a large number of enterprises. The application areas of business-to-business electronics span across home and kitchen, consumer electronics, healthcare, clothing, beauty and personal care, sports apparel, automotive, and other sectors, commonly utilized in services such as Network as a Service (NAAS), Data as a Service (DAAS), Storage as a Service (STAAS), and Back-end as a Service (BAAS).
The business-to-business electronic market research report is one of a series of new reports that provides business-to-business electronic market statistics, including business-to-business electronic industry global market size, regional shares, competitors with a business-to-business electronic market share, detailed business-to-business electronic market segments, market trends and opportunities, and any further data you may need to thrive in the business-to-business electronic industry. This business-to-business electronic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The countries covered in the business-to-business electronic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The business-to-business electronic market includes revenues earned by entities by providing services such as listing services, sales assistance, and logistics services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Business-to-Business Electronic Market Characteristics3. Business-to-Business Electronic Market Trends and Strategies32. Global Business-to-Business Electronic Market Competitive Benchmarking33. Global Business-to-Business Electronic Market Competitive Dashboard34. Key Mergers and Acquisitions in the Business-to-Business Electronic Market
4. Business-to-Business Electronic Market - Macro Economic Scenario
5. Global Business-to-Business Electronic Market Size and Growth
6. Business-to-Business Electronic Market Segmentation
7. Business-to-Business Electronic Market Regional and Country Analysis
8. Asia-Pacific Business-to-Business Electronic Market
9. China Business-to-Business Electronic Market
10. India Business-to-Business Electronic Market
11. Japan Business-to-Business Electronic Market
12. Australia Business-to-Business Electronic Market
13. Indonesia Business-to-Business Electronic Market
14. South Korea Business-to-Business Electronic Market
15. Western Europe Business-to-Business Electronic Market
16. UK Business-to-Business Electronic Market
17. Germany Business-to-Business Electronic Market
18. France Business-to-Business Electronic Market
19. Italy Business-to-Business Electronic Market
20. Spain Business-to-Business Electronic Market
21. Eastern Europe Business-to-Business Electronic Market
22. Russia Business-to-Business Electronic Market
23. North America Business-to-Business Electronic Market
24. USA Business-to-Business Electronic Market
25. Canada Business-to-Business Electronic Market
26. South America Business-to-Business Electronic Market
27. Brazil Business-to-Business Electronic Market
28. Middle East Business-to-Business Electronic Market
29. Africa Business-to-Business Electronic Market
30. Business-to-Business Electronic Market Competitive Landscape and Company Profiles
31. Business-to-Business Electronic Market Other Major and Innovative Companies
35. Business-to-Business Electronic Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Business-to-Business Electronic Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on business-to-business electronic market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for business-to-business electronic? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Deployment Type: Supplier-Oriented; Buyer-Oriented; Intermediary-Oriented
2) By Application: Home and Kitchen; Consumer Electronics; Healthcare; Clothing; Beauty and Personal Care; Sports Apparels; Automotive; Other Applications
3) By End-users: Network as a Service (NAAS); Data as a Service (DAAS); Storage as a Service (STAAS); Back-end as a Service (BAAS)
Key Companies Mentioned: Walmart Inc.; Amazon.com Inc.; Alibaba Group Holding Limited; Rakuten Group Inc.; eBay Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Walmart Inc.
- Amazon.com Inc.
- Alibaba Group Holding Limited
- Rakuten Group Inc.
- eBay Inc.
- Kelly's Directories Ltd.
- MFG.com
- Global Sources Trade Ltd.
- BusyTrade.com
- Indiamart Intermesh Ltd.
- Hong Kong Trade Development Council
- Tradekey Pvt Ltd.
- Made-in-China.com
- EC21 Inc.
- DIYTrade.com
- eworldtrade.com
- Gasgoo International Co. Ltd.
- TradeIndia.com
- EC Plaza Network Inc.
- ExportHub Inc.
- ChinaAseanTrade.com
- Thomas Industrial Network Inc.
- Kompass India Information Private Limited
- Taiwan External Trade Development Council
- Eceurope Co.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 33.58 Billion |
| Forecasted Market Value ( USD | $ 37.1 Billion |
| Compound Annual Growth Rate | 2.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
