Business-To-Business E-Commerce Market – Global Opportunities & Forecast, 2020–2027

Global Business-To-Business E-Commerce Market

According to the GMI Research, the Business-To-Business E-Commerce Market will encounter a boom over the forecast period. This is because of the accelerating number of businesses such as clothing, healthcare, and consumer electronics and the robust espousal of modern networking infrastructure.

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Business-To-Business E-Commerce Market Dynamics

The ongoing innovations in the digital technologies and increasing internet connectivity & network infrastructure have stimulated the adoption of online platform for sales by several businesses for the exchange of their services and products. This is anticipated to expand the growth of the Business-To-Business E-Commerce Market. Also, the swift employment of B2B e-commerce in several business models and industries, extending from services such as digital, legal, accounting, physical items like equipment, machinery, and consumer goods, is expected to proliferate the market growth. Moreover, B2B e-commerce transfers and synchronized data in real time to reduce cycle time for support in sales and marketing, businesses, and effective inventory management. This helps in enhanced administration of suppliers and customers, better productivity, less costs, ameliorated quality, and faster delivery, which thereby, encourage the Business-to-Business (B2B) E-commerce Market Size.

However, counterfeit online transactions and inefficacious delivery infrastructure resulting in delayed deliveries and misplacement of packages are anticipated to hinder the market growth. Moreover, as per the Business-to-Business E-commerce Market Report, cyber-attacks and violations in payment safety will further curb the market growth. For example, nearly 32% of businesses encountered contravention in cyber security as stated by the survey conducted in Cyber Security Breaches, the Department for Culture, Digital, Media and Sport, UK.

Deployment Type Segment Drivers

AS per the deployment type, the intermediary-oriented model segment is projected to seize a prominent share in the market over the forecast period. This is because of the advantages offered by the intermediary-oriented model such as personalisation, pre-sales support, trouble spotting, commitment and maintenance, financing, advertising, sale negotiation, and support to settle the transaction between buyers and sellers.

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