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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Report on Business-To-Business E-Commerce
Market
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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