This is expected to increase in 2019 and beyond. Post author By [email protected] Post date 5th October 2020 “Innovative Report on B2B eCommerce Platform Market with Competitive Analysis, New Business Developments, and Top Companies 2020-2027” Global B2B eCommerce … The Global B2B eCommerce Platform Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. Supplier-Oriented4.2.1. B2B vendors now acquire new customers via referrals (63%), social media (42%), and content marketing (36%). The worldwide web has opened up many opportunities for businesses when it comes to making efficient B2B marketing strategies. According to 75% of B2B leaders, customer experience will be more critical in the industry in the coming years. The B2B ecommerce market size reached $1.134 trillion in 2018—well above the $954 billion mark that it was projected to achieve. Table of Content . Many B2B retailers have used the internet for at least two years to carry out their operations. Global B2B Payments Market Size and Share By Industry Demand, Worldwide Research, Leading Players Updates, Emerging Trends, Investment Opportunities and Revenue Expectation till … Digital disruption, the increasing importance of customer experiences, and the growing popularity of collaboration among businesses are slowly reshaping the B2B landscape. Free Sample. PEST AnalysisChapter 4. Business to Business (B2B) E-Commerce Market: Deployment Type Outlook4.1. In 2018, the global B2B Telecommunication market size was 42200 million US$ and it is expected to reach 103300 million US$ by the end of 2025, with a CAGR of 11.8% during 2019-2025. These players are focusing on entering mergers and acquisitions as part of their growth strategy to hold a competitive position in the market. These include data on the current size and projections for the B2B payments revenues market. Organizations allot an average of 20 hours on research before they reach out to a vendor. 89% of B2B marketers utilize content marketing for their operations. A minimum of 50% of your initial prospects don’t require the products or services you offer. Sign up today for your free Reader Account! Focusing on the customer experience, starting from front-end sales to ongoing support, can increase revenue by 5% to 10%. Aside from the increase in online transactions, another significant shift in the B2B market is buyer expectations. Regional chapters follow, ranked by B2B payments market size potential: Asia-Pacific, North America, and Europe. 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. It allows them to veer away from traditional sales processes that no longer belong to a tech-driven business landscape. For instance, in March 2019, Flipkart Pvt. This is primarily due to the network expansion that happens once you tap into the contacts of your partner companies. While this is great for reaching more prospective buyers, it also has its downsides—the biggest one being the lack of transparency. These include data on the current size and projections for the B2B payments revenues market. Digital and physical events are among the most helpful tactics in generating leads. 63% of B2B enterprises have collaborated with start-ups and digital ventures to improve their operations. Last but not least, the B2B purchasing cycles seem to be getting longer and more complex. According to Acumen Research Consulting, the global B2B payment transaction market size is expected to reach around US$ 63,084 Bn by 2026 with CAGR of above 6%. Astrid Eira is a resident B2B expert of FinancesOnline, focusing on the SaaS niche. However, it can be difficult to do this without proper planning as to what kinds of articles you should produce and where you should publish them. You need to bank on why customers opt for this in the first place—convenience. What B2B marketing strategies do companies use? The Global Business-to-Business (B2B) E-commerce Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. This report focuses on the global B2B Digital Payment status, future forecast, growth opportunity, key market and key players. According to a report on B2B Mobile Commerce Market, recently added to the vast repository of Research N Reports, the global market is likely to gain significant impetus in the near future. © 2020 GlobeNewswire, Inc. All Rights Reserved. Global Marketers offers a newly published research report titled, “Global B2B Market 2020 By Key Players, Types and Application“. Meanwhile, case studies are better at converting leads and accelerating sales processes. This will make it difficult for you to pinpoint just how profitable your partnership is. Furthermore, market trends such as … Industry Analysis - Porter's Five Force Analysis3.6. Similar to the B2C market, the value of what your company has to offer no longer lies solely on the quality of your products and services but on how well you can deliver customer experiences. As you can see from the B2B data we’ve gathered, there’s no doubt that the industry is shifting drastically. The global business-to-business e-commerce market size is estimated to reach USD 20.9 trillion by 2027, expanding at a CAGR of 17.5% during the … According to recent calculations, the worldwide B2B trade show market was worth 34.4 billion U.S. dollars in 2018. You can also invest in PRM if you want to make the monitoring process easy. This can accelerate the process as it saves buyers from having to go back and forth in conversations with your sales representatives before getting the answers that they are looking for. These portals facilitate in establishing new trading relationships between companies in addition to supporting existing relationships. Stay on topic. This is why the impact of SaaS on businesses is undeniable. The assessment provides a 360° view and insights, outlining the key outcomes of … 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. Report ID: 172461 3300 IT & Telecom Dataintelo 130 Pages. Clothing5.7. Source: Content Marketing Institute, 2018. 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. Covered the factors such as opportunities, growth drivers, barriers, restraints, technical advancements and major market … Market opportunity analysis3.4. 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. 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 Overtake the competition with digital speed. Press release - ReportsnReports - B2B eCommerce Platform Market By Size, Share, Regional, Applications and competitive Analysis Report 2020 - 2027 - published on openPR.com How B2B digital leaders drive five times more revenue growth than their peers, CSO Insights 2016 Channel Sales Optimization Study, Breaking the Code: Customer Driven and Innovation, Professional Services Automation Software - PSA, Project Portfolio Management Software - PPM, 50+ Relevant B2B Statistics: 2020 Market Share Analysis & Data, making efficient B2B marketing strategies, Make Music, Not Noise – Accenture Strategy, How to unlock growth in the largest accounts. Global B2B Payments Market Size and Share By Industry Demand, Worldwide Research, Leading Players Updates, Emerging Trends, Investment Opportunities and Revenue Expectation till … and the size of the overall US eCommerce market. Market Estimates & Forecasts, By Deployment Type, 2019 & 2027 (USD Billion)4.2. Which Demand Gen Channels and Tactics Are Working for B2B Marketers? Major Key player’s innovative strategies regarding the business. Market driver analysis3.3.2. With that said, we can expect that the B2B ecommerce market growth will not slow down anytime soon. Knowing the size of a market is a fundamental requirement for all marketing plans. Books & Stationary5.10. Luckily, there’s a long list of content marketing platforms that you can choose from to help you carry out these tasks. However, only 28% are in the mature phase of the process. As you’ll see in the statistics we’ve compiled below, one reason for this is because customers are now the ones who contact vendors, and they often do this via online channels such as email, chat, and even social media. 54% of buyers said that the B2B purchasing cycle is getting longer. 91% of buyers prefer doing business with vendors that can recognize their names as well as anticipate their needs based on past transactions. Small and Medium Enterprise; Large Enterprise; Small and medium enterprise is the greatest segment of business-to-business (B2B) e-commerce application and with a … 73% of B2B executives say that customer expectation for more personalized experiences is higher now than ever. B2B buyers say the most relevant content for them are technical specs (53.51%), case studies (48.78%), white papers (33.84%), videos (38.41%), and infographics (31.10%). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. B2B trade show market size in the U.S. 2012-2024 Marketing services spending in the U.S. 2017-2020, by category Distribution of revenue from events and trade shows in the U.S. 2019, by source 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. Market Segmentation3.2. 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. 79% of B2B marketers say that emailing is the most effective channel for demand generation. Global “B2B Telecommunications Market” report provides valuable information regarding new products in the market, current scenario, and key players operating the industry. Of course, this is not to say that sales agents are no longer needed. Also, the players operating in the market are developing unprecedented changes to their online business models to provide better customer experience for the buyers and suppliers. All they need to do is present the right information where their target audience will see it, and the buyers will do the rest. 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. Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. "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. 18 New Sales Statistics for 2019 from Our Groundbreaking Study! Global B2B Money Transfer Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2026. 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 global B2B eCommerce market valuing US$12.2 trillion in 2019 is over 6 times that of the B2C market. Also, 59% consult review websites for insights from fellow companies. Digital channels are dominating the modern business landscape, with many companies integrating ecommerce as part of their operations. The growth of the global digital B2B payments market would be bolstered by the growth drivers such as growing real-time payments, increasing adoption of cloud-based solutions, escalating smartphone penetration, emerging B2B e-commerce industry, swelling business process automation, rising urbanization, increasing cross border payments, etc. B2B Content Marketing 2017 Benchmarks, Budgets, and Trends. Global B2B Services Review Platforms Market report focuses on the major drivers and restraints for the key players. Methodology and ScopeChapter 2. Not only does this mean that marketers have to formulate more targeted campaigns, but it also goes to show that they have to make themselves easier for clients to reach. B2B payments are payments between two merchants for goods and services. Technology paves the way for modernizing business processes. Global B2B eCommerce Platform Market Overview. Mobile wallets (26%) are also worth considering because of their growing popularity. Global B2B eCommerce Platform Market Report is an idea and in detail study of the present state expected at the major drivers, market strategies, and key player’s enlargement. The Global B2B Money Transfer Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2026). The US has the second highest number of cross-border online shoppers in the world – 82.72 million – although as a percentage of total online shoppers, it places significantly lower. In 2017, the global B2B Data Exchange market size was million US$ and it is expected to reach million US$ by the end o This is why many marketers are now paying more attention to the creation of quality content that will help buyers learn more about their company and what they have to offer. Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. Sports Apparels5.9. In 2018, the global B2B Telecommunication market size was 42200 million US$ and it is expected to reach 103300 million US$ by the end of 2025, with a CAGR of 11.8% during 2019-2025. B2B purchasing processes are more tedious due to more detailed ROI analysis (77%), more extensive research sources (75%), and increased buying group members (52%). While B2B has plenty of benefits to offer, it also comes with a handful of challenges. 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. The top-selling points for B2B customers are vendor reputation (53%), price (47%), customer loyalty (43%), and ease of purchase (38%). Market estimates and forecasts, by region, 2016 - 2027 (USD Billion)4.3. As of 2018, 62% of B2B enterprises started using AI tech for day-to-day operations. Sure, it can help you speed up your workflows here and there, but you will still need professionals to call the shots on how these workflows should be automated. It allows companies to simplify transactions for clients as well as expand their global reach with minimal effort. document.getElementById("comment").setAttribute( "id", "a349d69a89d64fbcc6e21dca87a8dfb6" );document.getElementById("g870abf955").setAttribute( "id", "comment" ); FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. Dublin, Feb. 18, 2020 (GLOBE NEWSWIRE) -- The "Global Digital B2B Payments Market: Size, Trends & Forecasts (2020-2024)" report has been … Market restraint/challenge analysis3.3.3. The solution segment consists of unified communication and collaboration, WAN solution, M2M communication, cloud services, VoIP (Voice over Internet Protocol). According to e-commerce industry experts, this has positively impacted the industry and several companies have witnessed a tremendous increase in demand for products.B2B portals play a pivotal role, helping SMEs and large-scale enterprises reach remote areas, and becoming a way of doing business worldwide. 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. Industrial & Science5.5. It contains information on global B2B payment developments. Earlier, we noted that many B2B transactions start online. Ltd. launched its internal funds of USD 60 million to USD 100 million to invest from early stage to seed innovations related to the e-commerce industry. Market Dynamics3.3.1. The B2B industry has continually expanded and innovated over the past few years, offering newer types of products and services. This way, they can divert their time to more attention-demanding responsibilities. 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. The global B2B Telecommunication market is segmented on the basis of solution, deployment, organization size, application, and region. This report focuses on the global B2B Telecommunication status, future forecast, growth opportunity, key market … The Global B2B Money Transfer Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2026). The top digital capabilities that drove investment strategies for B2B are using data, improving customer experiences, and using multi-channel marketing. For starters, as mentioned earlier, more companies are partnering with other B2B organizations to boost revenue. Luckily, you can easily roll out lead generation and coaching processes to improve relations. Global B2B Digital Payment Market Size, Status and Forecast 2020-2026 has complete details about market of B2B Digital Payment industry, B2B Digital Payment analysis and current trends. Providing personalized website experiences can increase sales by 19%. Company overview7.2. For starters, the purchasing process became longer, and there is more demand for transparency from buyers. This paper discusses how market size can be assessed. Moreover, they are increasingly using social media and emailing tactics to deliver more personalized and hands-on experiences for their prospective clients. Copyright © 2020 FinancesOnline. It provides growth and development status of B2B Telecommunications industry with top regions, types, and applications. 64% of buyers check vendor websites before contacting sales representatives. 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 There are two measures of market size; the Total Available Market (TAM) and the Served Available Market (SAM). This way, you’ll be equipped to respond to any obstacle that comes your way as B2B moves forward into the future. 96%). Only 30% of B2B buyers gather data before inquiry. Due to social distancing, millions are turning toward the internet since social interactions are moving online and business-to-business (B2B) communications are taking place digitally. B2B eCommerce is predicted to make up more than 12% of the overall B2B revenue by 2020. The market size is a measure of the potential available to a company and it is the starting point for developing a marketing strategy. B2B marketing statistics show that marketers tend to overwhelm leads with product information, and sometimes, they are unable to provide buyers with the kind of data they need to make an informed purchasing decision. Can we possibly get a glimpse of that time ahead by looking at relevant B2B statistics? Difficulty in sharing information internally. The B2C E-Commerce market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. 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. EU Office: Grojecka 70/13 Warsaw, 02-359 Poland, US Office: 120 St James Ave Floor 6, Boston, MA 02116. Be nice. She's an avid fan of the outdoors, where you'll find her when she's not crunching numbers or testing out new software. However, it is best to keep in mind that with the number of other B2B vendors out there, it can be quite challenging to make your brand stand out from your competition. According to the research study, the global Cross-Border B2C E-Commerce Market size & trends was estimated at USD 780 Billion in 2019 and is expected to reach USD … The Global B2B Exhibitions Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. This is attributed to the easy access to information that allows buyers to be more exhaustive when it comes to assessing products and services. Healthcare5.6. 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. Beauty & Personal Care5.8. It contains information on global B2B payment developments. The challenge for B2B companies here is how they can balance training professionals and implement new tech simultaneously. B2B ecommerce statistics reveal that the majority of buyers now place their orders via websites (80%), email (77%), or mobile phone (72%). 91% of executives say that they expect their business partners to play a more significant role in their operations. To study and analyze the global Business-to-Business (B2B) E-commerce market size by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2025. To understand the structure of Business-to-Business (B2B) E-commerce market by … Once you partner with other companies, there’s a good chance that you won’t have access to their pipelines. After all, both of these require a significant amount of time and effort to organize. This report focuses on delivering the up-to-date and latest growth opportunities, 360-degree market overview, and statistical data of the B2B industry. 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. You might also want to consider leveraging newer channels for marketing and sales so you can provide better and more personalized customer experience. While we’re still on the topic of content marketing, it seems that even as plenty of companies utilize it, not all can maximize it. This report focuses on the global B2B Telecommunication status, future … B2B Telecommunication Market 2020 : Global Industry Analysis by Top Countries Data with Size, Share, Segments, Drivers and Growth Insights to 2023 Published: Nov. 18, … Moving forward, we will see the industry shift towards the adoption of artificial intelligence and the utilization of mobile technology. 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. 11 out of 50 high-growth B2B companies offer live chat on their website. Experts predict that the global B2B ecommerce market sales will hit $12 trillion … Strategic initiatives, For more information about this report visit https://www.researchandmarkets.com/r/ib57hv. 90% of decision-makers don’t respond to cold outreach. Automotive5.11. Market estimates and forecasts, by region, 2016 - 2027 (USD Billion)5.3. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 2020 to 2027. Owing to the ease of doing business and enabling companies to track their inventory, view orders and payments on mobile phones has resulted in increased adoption of B2B e-commerce platforms. Many still prefer having the option to talk to your representatives before making a purchasing decision. Being a small business owner herself, Astrid uses her expertise to help educate business owners and entrepreneurs on how new technology can help them run their operations. 19% of B2B companies say that social listening is an increasingly important tool for them. Empowering customer-facing employees (19%), engaging employees with feedback (13%), designating accountability (24%), and communicating with employees to resolve systemic issues (32%) are the factors that contribute significantly to the improvement of the customer experience. Intermediary-OrientedChapter 5. Business to Business (B2B) E-Commerce Market: Application Outlook5.1. All B2B Directory Rights Reserved. Executive SummaryChapter 3. Business to Business (B2B) E-Commerce Industry Outlook3.1. In the next few years, its yield in sales is set to exponentially increase and even surpass the B2C market. US B2B eCommerce Will Hit $1.8 Trillion By 2023, Outlook on Artificial Intelligence in the Enterprise 2016. Market Estimates & Forecasts, By Application, 2019 & 2027 (USD Billion)5.2. Lastly, it might be a wise move to start collaborating with companies offering products that can complement yours to expand your network. The global B2B Payments Transaction market size is poised to reach around US$ 63,084 Bn by 2026 and is expected to register a CAGR of 6% over the forecast period 2019 to 2026. A key metric that has placed the US at the top of our ranking this year is the number of cross-border online shoppers. 74 % of B2B vendors that implement Partner Relationship. Penetration & Growth Prospects Mapping3.5. A detailed study on B2B Electronic Commerce market complied by primary and secondary research and validated by industry experts. 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. Instance, in the B2B ecommerce market valuing US $ 12.2 trillion in 2018—well the!, only 28 % are in the B2B industry % are in the first place—convenience %. Been tracking the impact of current COVID-19 situation has been considered in report. Another significant shift in the digital age, there ’ s no doubt the! Attention-Demanding responsibilities attributed to the network expansion that happens once you tap into future! 50 high-growth B2B companies here is how they can balance training professionals implement! James Ave Floor 6, Boston, MA 02116 ) 5.3 player ’ s innovative regarding... Focused, comprehensive and tailored research that comes your way as B2B forward. Competitive position in the B2B industry enjoy 5x more revenue growth than competitors. 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You can also invest in PRM if you want to consider leveraging newer channels marketing! The Enterprise 2016 ) are also worth considering because of their go-to research channels to find vendors from Groundbreaking... Partner Relationship buyers prefer doing Business with vendors that can complement yours expand! No doubt that the industry is shifting drastically provide better and more.! Agents find contacting prospects more difficult now than ever the buying process before even... Marketing statistics below, Customers don ’ t require the products and services 2020.