Global B2B E-Commerce Market Report, 2020-2024 - B2B Companies Investing in Digital Channels to Meet Customers' Expectations News provided by. The assessment provides a 360° view and insights, outlining the key outcomes of the industry. The B2B … "Business-To-Business E-Commerce Market Size, Share & Trends Analysis Report by Deployment Model, by Application, by Region, and Segment Forecasts, 2020-2027", https://www.researchandmarkets.com/r/ib57hv. Market Dynamics3.3.1. In 2018, the global B2B Payments market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. Competitive Landscape7.1. 74 % of B2B vendors that implement Partner Relationship. 79% of B2B marketers say that emailing is the most effective channel for demand generation. To understand the structure of Business-to-Business (B2B) E-commerce market by … For starters, the purchasing process became longer, and there is more demand for transparency from buyers. What B2B marketing strategies do companies use? It also cuts down the time they spend on contacting prospective clients. The B2B buying process is longer due to the difficulty of sharing information internally (29.57%), difficulty in understanding information (32.62%), disagreements over price (37.96%), disagreements over ROI (22.71%), disagreements over product capabilities (22.87%), and unknowledgeable sales reps (12. From marketing and sales forecasts to advancements in ecommerce and technology, we will be tackling everything you need to know to keep up with the developments shaping the future of the industry. Difficulty in sharing information internally. 63% of B2B enterprises have collaborated with start-ups and digital ventures to improve their operations. Experts predict that the global B2B ecommerce market sales will hit $12 trillion by 2020. Online shopping is preferred during this phase due to constraints on public gathering. According to this study, over the next five years the Business-to-Business (B2B) E-commerce market will register a 9.1% CAGR in terms of revenue, the global market size will reach US$ 8794.4 million by 2026, from US$ 6210.2 million in 2019. The bank suggests the net result of these new B2B solutions will be $1.5 trillion in productivity for global small business and a $1 trillion revenue opportunity (total addressable market, or TAM) in non-bank payment and software products. Regional chapters follow, ranked by B2B payments market size potential: Asia-Pacific, North America, and Europe. This report focuses on the global B2B Digital Payment status, future forecast, growth opportunity, key market and key players. Research and Markets … As we delve deeper into the digital age, we will see that companies in this industry will increasingly leverage technology and the internet for their operations, allowing for more convenient transactions. Not only does this mean that marketers have to formulate more targeted campaigns, but it also goes to show that they have to make themselves easier for clients to reach. B2B buyers expect vendor websites to provide them with personalized portal content (45%), an easy-to-use ROI calculator (44%), augmented reality options (38%), video chat options (33%), and real-time IM options (22%). The study provides an in-depth analysis of the global B2B telecommunication market size along with the current trends and future estimations to elucidate the imminent investment pockets. Luckily, there’s a long list of content marketing platforms that you can choose from to help you carry out these tasks. PEST AnalysisChapter 4. Business to Business (B2B) E-Commerce Market: Deployment Type Outlook4.1. Market Estimates & Forecasts, By Application, 2019 & 2027 (USD Billion)5.2. 66% of companies in the B2B industry are putting more effort into building their network. 86% of buyers often feel overwhelmed when given more than ten types of sales content while 42% feel overwhelmed when given more than 5. It also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. 54% of buyers said that the B2B purchasing cycle is getting longer. All B2B Directory Rights Reserved. A detailed study on B2B Electronic Commerce market complied by primary and secondary research and validated by industry experts. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. Paper checks are still the most popular payment method for … The worldwide web has opened up many opportunities for businesses when it comes to making efficient B2B marketing strategies. Copyright © 2020 FinancesOnline. Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. Digital disruption, the increasing importance of customer experiences, and the growing popularity of collaboration among businesses are slowly reshaping the B2B landscape. Global B2B E-Commerce Market 2018: By 2020, Sales are Projected to Be More than Two Times Higher than Global Online Retail Sales - ResearchAndMarkets.com Sign up today for your free Reader Account! Dublin, Feb. 18, 2020 (GLOBE NEWSWIRE) -- The "Global Digital B2B Payments Market: Size, Trends & Forecasts (2020-2024)" report has been … This report focuses on the global B2B Data Exchange status, future forecast, growth opportunity, key market and key players.The study objectives are to present the B2B Data Exchange development in United States, Europe and China. Dublin, Sept. 24, 2020 (GLOBE NEWSWIRE) -- The "Business-To-Business E-Commerce Market Size, Share & Trends Analysis Report by Deployment Model, by Application, by Region, and Segment Forecasts, 2020-2027" report has been added to ResearchAndMarkets.com's offering. The B2B industry has continually expanded and innovated over the past few years, offering newer types of products and services. You need to bank on why customers opt for this in the first place—convenience. Global B2B Money Transfer Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2026 By: X herald December 10, 2020 at 12:17 PM EST If you haven’t invested in any of the best ecommerce software, then you will surely be missing out on quite a number of opportunities. Market Estimates & Forecasts, By Region, 2019 & 2027 (USD Billion)Chapter 7. B2B Telecommunication Market 2020 : Global Industry Analysis by Top Countries Data with Size, Share, Segments, Drivers and Growth Insights to 2023 Published: Nov. 18, … What’s more, having no visibility over your partners’ progress makes it nearly impossible for you to study how you can improve your joint efforts. This will essentially force companies to make significant changes to the way they approach their target audience and distribute content about their products and services. and the size of the overall US eCommerce market. For instance, in March 2019, Flipkart Pvt. Another change in the industry is that most companies that prefer going it alone might have a hard time capitalizing on the B2B market growth. 64% of buyers check vendor websites before contacting sales representatives. Mobile wallets (26%) are also worth considering because of their growing popularity. B2B Content Marketing 2017 Benchmarks, Budgets, and Trends. In 2017, the global B2B Data Exchange market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. Global B2B Payments Market Size and Share By Industry Demand, Worldwide Research, Leading Players Updates, Emerging Trends, Investment Opportunities and Revenue Expectation till … There are two measures of market size; the Total Available Market (TAM) and the Served Available Market (SAM). Among the ways to do this is to provide them with the payment options they prefer and to make your channel mobile-ready so that they can access it even on the fly. The global B2B Telecommunication market is segmented on the basis of solution, deployment, organization size, application, and region. To sum up, while this list of B2B industry statistics only scratches the surface of what to expect in the coming years, we hope that you were able to gauge where you stand amidst the changes. © 2020 GlobeNewswire, Inc. All Rights Reserved. 73% of B2B executives say that customer expectation for more personalized experiences is higher now than ever. B2B eCommerce is predicted to make up more than 12% of the overall B2B revenue by 2020. Be nice. It contains information on global B2B payment developments. The intermediary-oriented deployment type segment held the largest market share in 2019, attributed to rising inclination of buyers and sellers toward this type of deployment model, The supplier-oriented deployment type segment is projected to witness substantial growth over the forecast period owing to presence of number of suppliers on a common platform, The consumer electronics segment accounted for a market share exceeding 18.0% in 2019 owing to rising demand of electronics product demand among end-use consumers and easy availability of products owing to online platforms, Asia Pacific held the largest revenue share exceeding 65.0% in 2019 and is anticipated to expand at a CAGR of over 18% during the forecast period, attributed owing to the growing internet penetration and trend of online business platforms, The major players are focused on providing an enhanced user experience as part of their growth strategy. Global B2B Telecommunications Market to reach USD XX billion by 2025.Global B2B Telecommunications Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The B2B ecommerce market size reached $1.134 trillion in 2018—well above the $954 billion mark that it was projected to achieve. Organizations allot an average of 20 hours on research before they reach out to a vendor. Only 30% of B2B buyers gather data before inquiry. 1.4 Market by Type 1.4.1 Global B2B eCommerce Platform Market Size Growth Rate by Type: 2020 VS 2026 1.4.2 Native Mobile Commerce Apps 1.4.3 Other 1.5 Market by Application 1.5.1 Global B2B eCommerce Platform Market Share by Application: 2020 VS 2026 1.5.2 Small Businesses 1.5.3 Midsized Businesses 1.5.4 Large Businesses 1.6 Study Objectives Global B2B eCommerce Platform Market Report is an idea and in detail study of the present state expected at the major drivers, market strategies, and key player’s enlargement. Report ID: 172461 3300 IT & Telecom Dataintelo 130 Pages. Market Analysis and Insights: Global Business-to-Business (B2B) E-commerce Market In 2019, the global Business-to-Business (B2B) E-commerce market size was US$ 6942.3 million and it is expected to reach US$ 12370 million by the end of 2026, with a CAGR of 8.5% during 2021-2026. It allows them to veer away from traditional sales processes that no longer belong to a tech-driven business landscape. Moreover, B2B e-commerce platforms enable businesses to lower down their marketing expenses, better management of the suppliers and customers, and boosts sales engagement.Additionally, rising proliferation of smartphones and increasing internet penetration is further creating avenues for market growth. The deployment segment consists of fixed, mobile. The application spectrum of the Business-to-Business (B2B) E-commerce market is categorized into . The market size is a measure of the potential available to a company and it is the starting point for developing a marketing strategy. Moreover, they are increasingly using social media and emailing tactics to deliver more personalized and hands-on experiences for their prospective clients. Global B2B eCommerce Platform Market Size 2020 with Top Countries Data, Review, Industry Trends, Regional Analysis, Key Players Profile, Statistics and Growth to 2027. Last but not least, the B2B purchasing cycles seem to be getting longer and more complex. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions. No spam. According to 60% of organizations, external parties influenced 35% of their annual revenue. Having a good selection of payment options is crucial to B2B ecommerce. Covered the factors such as opportunities, growth drivers, barriers, restraints, technical advancements and major market … Experts predict that the global B2B ecommerce market sales will hit $12 trillion … 89% of B2B marketers utilize content marketing for their operations. 50% of high-tech B2B sales are expected to come from digital channels by 2020. You might also want to consider leveraging newer channels for marketing and sales so you can provide better and more personalized customer experience. Another great thing about the B2B sales process of today is that while it does seem more difficult now than before, it does provide quite a few perks for companies. Lastly, it might be a wise move to start collaborating with companies offering products that can complement yours to expand your network. This way, they can divert their time to more attention-demanding responsibilities. Some of the key B2B marketing strategies that companies use today are blogging (52%), sending email newsletters (40%), creating social media content (40%), publishing e-books (38%), and organizing in-person events (36%). However, before you roll out your ecommerce operations, it is best to note that simply having an online channel is not enough to reap the benefits of this business model. The report opens with a global chapter. 67% of vendors say that insightful analytics has the potential to drive the B2B ecosystem in the future. Free Sample. As of 2018, 62% of B2B enterprises started using AI tech for day-to-day operations. Global B2B Graphic Design Market 2020 Size, Status, Share and Technology Forecast to 2025 By Market Study Report Published: 10 hours ago Product ID: 2998302 The research report on B2B Graphic Design market provides an all-inclusive analysis of this industry sphere, while propounding actionable insights, historical intelligence, and statistically validated forecasts. Source: Content Marketing Institute, 2018. Home » Reports » Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. At the top of the list are credit cards (94%), checks (51%), purchase orders (50%). Global Marketers offers a newly published research report titled, “Global B2B Market 2020 By Key Players, Types and Application“. 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