Increased Online Orders Drive Global B2B eCommerce Market (1)

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Increased Online Orders Drive Global B2B
eCommerce Market
Triton Market Research presents the Global B2B
eCommerce Market segmented by Payment Mode (Bank
Transfer, Digital/Mobile/E-Wallets, Cash on
Delivery, Credit and Debit Cards, Others),
Product Type (Industrial Science, Sports,
Consumer Electronics, Food and Beverage,
Construction, Automotive, Clothing, Beauty
Personal Care, Others), and Regional Outlook
(North America, Europe, Asia-Pacific, Latin
America, Middle East Africa). It further
explains the Market Summary, Industry Outlook,
Impact of COVID-19, Key Insights, Porters Five
Forces Analysis, Market Strategies, Drivers,
Challenges, Opportunities, Market Attractiveness
Index, Vendor Scorecard, Competitive Landscape,
Research Methodology Scope, Global Market Size,
and Forecasts Analysis (2022-2028). Based on
Tritons research report, the global B2B
eCommerce market is estimated to grow at a CAGR
of 21.22 during the forecast period 2022-2028.
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The surge in the number of digital buyers has
influenced companies to shift towards B2B
eCommerce platforms. These websites enable
organizations easily measure and evaluate
marketing campaigns, sales effectiveness, and
inventory turns. Therefore, an increase in the
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number of digital buyers and online orders boosts
the business-to-business eCommerce market on a
growth path. On the contrary, data privacy and
security concerns and the need for high
investments impede the B2B eCommerce markets
development across the globe. Globally, the
Asia-Pacific is deemed to register the fastest
growth over the forecasted years. The regions
robust progress is on account of rising
digitalization across industries, along with a
surge in digital buyers. Along with these
factors, the market is supported by the rising
expansion of new business-to-business eCommerce
marketplaces. Social media penetration has
created a high demand for digital marketing,
opening new opportunities for the B2B eCommerce
market. The prominent companies thriving in the
B2B eCommerce market are Alibaba Group Holding
Ltd, ThomasNet, Flexfire LEDs, DIYTrade,
Chinaaseantrade.com, Quill Corporation, IndiaMART
InterMESH Ltd, eWorldTrade, Flipkart, MSC
Industrial Direct, Kompass, Global Sources,
Amazon Inc, eBay Inc, and EC21. New firms pose a
threat to existing brands since consumers tend to
easily shift to competitors. This is mainly owing
to low switching costs. However, the high cost of
brand development in online retail weakens the
influence of new entrants. Thus, the threat of
new entrants remains moderate in the market.
Further, the competition among existing players
is high owing to various strategic initiatives
such as product launches, expansions,
investments, and joint ventures.
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