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. Digital disruption, the increasing importance of customer experiences, and the growing popularity of collaboration among businesses are slowly reshaping the B2B landscape. 2020 to 2027. 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. Global B2B Payments Market Size and Share By Industry Demand, Worldwide Research, Leading Players Updates, Emerging Trends, Investment Opportunities and Revenue Expectation till … 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. Report ID: 172461 3300 IT & Telecom Dataintelo 130 Pages. Market estimates and forecasts, 2016 - 2027 (USD Billion)5.2.2. Digital leaders in the B2B industry enjoy 5x more revenue growth than their competitors. The global b2b e-commerce platform market accounted for US$ 714.0 Mn in 2018 and is expected to grow at a CAGR of 11.8% over the forecast period 2019-2027. Simply put, B2B vendors no longer need to put all their efforts into tapping buyers one by one. At the top of the list are credit cards (94%), checks (51%), purchase orders (50%). 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. Competitive Landscape7.1. 2020 to 2027. You might also want to consider leveraging newer channels for marketing and sales so you can provide better and more personalized customer experience. Moreover, "E-commerce into the rural comprehensive demonstration project" is helping China to carry out e-commerce application demonstrations across eight provinces in the country.Key Topics Covered: Chapter 1. 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. 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. They actively research the products and services they need before they even reach out to vendors for inquiries. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. This paper discusses how market size can be assessed. Table of Content . 64% of buyers check vendor websites before contacting sales representatives. Keep it clean. A majority of B2B buyers are already 57% into the buying process before they even meet with the seller. Beauty & Personal Care5.8. 73% of B2B executives say that customer expectation for more personalized experiences is higher now than ever. 50% of high-tech B2B sales are expected to come from digital channels by 2020. Implementing new technology may be one of the leading B2B industry developments of today, but it is no replacement for human intelligence. Market restraint/challenge analysis3.3.3. For starters, the purchasing process became longer, and there is more demand for transparency from buyers. 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. Books & Stationary5.10. Market opportunity analysis3.4. You can also invest in PRM if you want to make the monitoring process easy. This report focuses on the global B2B Telecommunication status, future forecast, growth opportunity, key market … The majority of companies still prefer interacting with sales agents first. Knowing the size of a market is a fundamental requirement for all marketing plans. Furthermore, market trends such as digital transformation and technological disruption are covered in both quantitative and qualitative (text) charts. Research and Markets … The market size is a measure of the potential available to a company and it is the starting point for developing a marketing strategy. Market Estimates & Forecasts, By Deployment Type, 2019 & 2027 (USD Billion)4.2. 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 B2B … Global B2B E-Commerce Market Report, 2020-2024 - B2B Companies Investing in Digital Channels to Meet Customers' Expectations News provided by. Home » Reports » Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. 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. Penetration & Growth Prospects Mapping3.5. 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. Can we possibly get a glimpse of that time ahead by looking at relevant B2B statistics? 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 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%). 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. Buyer-Oriented4.4. Technology paves the way for modernizing business processes. Global B2B E-Commerce Market Report, 2020-2024 - B2B Companies Investing in Digital Channels to Meet Customers' Expectations News provided by. 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. The holistic market summary of the global B2B Telecommunications market is provided with region, share and market size. 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). Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. All the reports that we list have been tracking the impact of COVID-19 the market. Clothing5.7. Market Dynamics3.3.1. Luckily, you can easily roll out lead generation and coaching processes to improve relations. The B2B ecommerce market size reached $1.134 trillion in 2018—well above the $954 billion mark that it was projected to achieve. All B2B Directory Rights Reserved. 67% of vendors say that insightful analytics has the potential to drive the B2B ecosystem in the future. 89% of B2B marketers utilize content marketing for their operations. It also cuts down the time they spend on contacting prospective clients. Ltd. launched its internal funds of USD 60 million to USD 100 million to invest from early stage to seed innovations related to the e-commerce industry. Post author By [email protected] Post date 5th October 2020 “Innovative Report on B2B eCommerce Platform Market with Competitive Analysis, New Business Developments, and Top Companies 2020-2027” Global B2B eCommerce … Furthermore, market trends such as … Source: Content Marketing Institute, 2018. This report focuses on the global B2B Payments status, future forecast, growth opportunity, key market and key players. What The 50 Fastest-Growing B2B Companies Can Teach Us About Sales & Marketing. Nowadays, most B2B transactions involve software solutions that can automate the delivery of goods and services as well as make payments more convenient for both parties. Also, the players operating in the market are developing unprecedented changes to their online business models to provide better customer experience for the buyers and suppliers. Copyright © 2020 FinancesOnline. This report focuses on the global B2B Digital Payment status, future forecast, growth opportunity, key market and key players. Value Chain Analysis3.3. In 2018, the global B2B Telecommunication market size was 42200 million US$ and it is expected to reach 103300 million US$ by the end of 2025, with a CAGR of 11.8% during 2019-2025. Market Estimates & Forecasts, By Region, 2019 & 2027 (USD Billion)Chapter 7. To help you answer this, we have culled the most important B2B statistics of 2019. 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. 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. While this is great for reaching more prospective buyers, it also has its downsides—the biggest one being the lack of transparency. Online shopping is preferred during this phase due to constraints on public gathering. Automotive5.11. © 2020 GlobeNewswire, Inc. All Rights Reserved. EU Office: Grojecka 70/13 Warsaw, 02-359 Poland, US Office: 120 St James Ave Floor 6, Boston, MA 02116. The application spectrum of the Business-to-Business (B2B) E-commerce market is categorized into . 96%). 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. Press release - ReportsnReports - B2B eCommerce Platform Market By Size, Share, Regional, Applications and competitive Analysis Report 2020 - 2027 - published on openPR.com Intermediary-OrientedChapter 5. Business to Business (B2B) E-Commerce Market: Application Outlook5.1. Also, now might be the time to retrain employees, so they remain competitive even as you roll out new and more complex processes to accommodate the shifts in tech and customer demands. In 2018, the global B2B Data Exchange market size was million US$ and it is expected to reach million US$ by the end o Many still prefer having the option to talk to your representatives before making a purchasing decision. Global Business-to-Business (B2B) E-commerce Market Overview. 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 … 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. These include data on the current size and projections for the B2B payments revenues 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). Lastly, personalization and hands-on communication will play more crucial roles in the B2B marketing landscape in the coming years. B2B Content Marketing 2017 Benchmarks, Budgets, and Trends. Report Details. Sports Apparels5.9. She's an avid fan of the outdoors, where you'll find her when she's not crunching numbers or testing out new software. B2B Telecommunication Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2025 By Market Study Report Published: An hour ago Product ID: 2980335 The recent report on B2B Telecommunication market offers a thorough evaluation of key drivers, restraints, and opportunities pivotal to business expansion in the coming years. 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. 58% of B2B buyers said their decision process was longer in 2017 than in 2016. Global “B2B Telecommunications Market” report provides valuable information regarding new products in the market, current scenario, and key players operating the industry. 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. Only 30% of B2B buyers gather data before inquiry. Market estimates and forecasts, by region, 2016 - 2027 (USD Billion)4.3. 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 … 1 out of 4 B2B buyers sends out their orders using a mobile device. Of course, this is not to say that sales agents are no longer needed. Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. Digital channels are dominating the modern business landscape, with many companies integrating ecommerce as part of their operations. It allows them to veer away from traditional sales processes that no longer belong to a tech-driven business landscape. 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. 19% of B2B companies say that social listening is an increasingly important tool for them. It allows companies to simplify transactions for clients as well as expand their global reach with minimal effort. Experts predict that the global B2B ecommerce market sales will hit $12 trillion by 2020. 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. and the size of the overall US eCommerce market. 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. 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 forecast period. Global Marketers offers a newly published research report titled, “Global B2B Market 2020 By Key Players, Types and Application“. Lastly, it might be a wise move to start collaborating with companies offering products that can complement yours to expand your network. B2B Telecommunication Market 2020 : Global Industry Analysis by Top Countries Data with Size, Share, Segments, Drivers and Growth Insights to 2023 Published: Nov. 18, … 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. The B2B ecommerce market size reached $1.134 trillion in 2018—well above the $954 billion mark that it was projected to achieve. This is why the impact of SaaS on businesses is undeniable. Consumer Electronics5.4. It also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Behavioral pattern of the customers has changed a lot amid lock down in countries such as U.S, Germany, Italy, Spain, India, China, and Russia. Mobile wallets (26%) are also worth considering because of their growing popularity. In 2017, the global B2B Data Exchange market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. With a projected $6.7 trillion global income by 2020, the B2B ecommerce market will outgrow B2C ecommerce sales. Free Sample. Furthermore, with increasing competition, several businesses are opting for online business models to gain a competitive edge in the market.The market is characterized by intense competition among the major players operating in the B2B e-commerce market. As you can see from the B2B data we’ve gathered, there’s no doubt that the industry is shifting drastically. Market driver analysis3.3.2. The Global B2B eCommerce Platform Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. This is attributed to the easy access to information that allows buyers to be more exhaustive when it comes to assessing products and services. B2B vendors now acquire new customers via referrals (63%), social media (42%), and content marketing (36%). 58% of organizations treat social media as one of their go-to research channels to find vendors. In 2017, the global B2B Data Exchange market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. 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. This way, you’ll be equipped to respond to any obstacle that comes your way as B2B moves forward into the future. Experts predict that the global B2B ecommerce market sales will hit $12 trillion … If you want to make these transactions more efficient, you must provide your leads with clear and concise information about your products, ROI, pricing, and the value-added services you can provide. 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. 63% of B2B enterprises have collaborated with start-ups and digital ventures to improve their operations. Difficulty in sharing information internally. Covered the factors such as opportunities, growth drivers, barriers, restraints, technical advancements and major market … Market Segmentation3.2. Statistics show that in the more global business landscape, organizations that partner with other companies have a better shot at increasing their profits. You need to bank on why customers opt for this in the first place—convenience. It contains information on global B2B payment developments. The global B2B eCommerce market valuing US$12.2 trillion in 2019 is over 6 times that of the B2C market. 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. This will make it difficult for you to pinpoint just how profitable your partnership is. 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. A detailed study on B2B Electronic Commerce market complied by primary and secondary research and validated by industry experts. 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. The assessment provides a 360° view and insights, outlining the key outcomes of … 18 New Sales Statistics for 2019 from Our Groundbreaking Study! Having a good selection of payment options is crucial to B2B ecommerce. Overtake the competition with digital speed. A key metric that has placed the US at the top of our ranking this year is the number of cross-border online shoppers. This report focuses on delivering the up-to-date and latest growth opportunities, 360-degree market overview, and statistical data of the B2B industry. Global B2B Services Review Platforms Market report focuses on the major drivers and restraints for the key players. As of 2018, 62% of B2B enterprises started using AI tech for day-to-day operations. In the case of B2B companies, many have started leveraging digital channels to run their operations while others turn to AI to boost efficiency. 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. 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. 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%). 54% of buyers said that the B2B purchasing cycle is getting longer. Earlier, we noted that many B2B transactions start online. 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%. While B2B has plenty of benefits to offer, it also comes with a handful of challenges. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. This way, they can divert their time to more attention-demanding responsibilities. Global B2B Money Transfer Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2026. Organizations allot an average of 20 hours on research before they reach out to a vendor. 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. 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. Regional chapters follow, ranked by B2B payments market size potential: Asia-Pacific, North America, and Europe. 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. Global B2B eCommerce Platform Market Overview. The challenge for B2B companies here is how they can balance training professionals and implement new tech simultaneously. 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. Paper checks are still the most popular payment method for … However, only 28% are in the mature phase of the process. US B2B eCommerce Will Hit $1.8 Trillion By 2023, Outlook on Artificial Intelligence in the Enterprise 2016. The solution segment consists of unified communication and collaboration, WAN solution, M2M communication, cloud services, VoIP (Voice over Internet Protocol). 2019 to 2026. 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. 84% of B2B companies do not know about their partners’ pipelines. 90% of decision-makers don’t respond to cold outreach. 91% of buyers prefer doing business with vendors that can recognize their names as well as anticipate their needs based on past transactions. As you can see from the B2B marketing statistics below, customers don’t want more content—they want better content. Product benchmarking7.4. B2B payments are payments between two merchants for goods and services. Strategic initiatives, For more information about this report visit https://www.researchandmarkets.com/r/ib57hv. According to 75% of B2B leaders, customer experience will be more critical in the industry in the coming years. Major Key player’s innovative strategies regarding the business. 91% of executives say that they expect their business partners to play a more significant role in their operations. This is primarily due to the network expansion that happens once you tap into the contacts of your partner companies. For instance, in March 2019, Flipkart Pvt. Global B2B Exhibitions Market Overview. 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. Financial performance7.3. 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. B2B purchasing processes are more tedious due to more detailed ROI analysis (77%), more extensive research sources (75%), and increased buying group members (52%). These players are focusing on entering mergers and acquisitions as part of their growth strategy to hold a competitive position in the market. B2B eCommerce is predicted to make up more than 12% of the overall B2B revenue by 2020. Focusing on the customer experience, starting from front-end sales to ongoing support, can increase revenue by 5% to 10%. Meanwhile, case studies are better at converting leads and accelerating sales processes. 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. Market estimates and forecasts, 2016 - 2027 (USD Billion)4.2.2. Many B2B retailers have used the internet for at least two years to carry out their operations. Supplier-Oriented4.2.1. The B2B industry has continually expanded and innovated over the past few years, offering newer types of products and services. B2B sales statistics revealed that 54% of agents find contacting prospects more difficult now than five years ago. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. These only go to show that in the digital age, there are plenty of ways to ensure B2B success. The assessment provides a 360° view and insights, outlining the key outcomes of the industry. The most important purchasing factors for large B2B buyers are value-added services (31%), product features (19%), product reliability (18%), price (17%), and sales experience (15%). The report opens with a global chapter. 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. Company overview7.2. 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. 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. "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. To understand the structure of Business-to-Business (B2B) E-commerce market by … 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. 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. Providing personalized website experiences can increase sales by 19%. B2B E-Commerce Market Report Highlights, In the early 2020, COVID-19 has majorly affected the e-commerce industry. The worldwide web has opened up many opportunities for businesses when it comes to making efficient B2B marketing strategies. Aside from the increase in online transactions, another significant shift in the B2B market is buyer expectations. Ave Floor 6, Boston, MA 02116 to make operations more efficient implement. Sales tactics that you are using data, improving customer experiences, and region what the 50 B2B... To talk to your representatives before making a purchasing decision show that in the Enterprise 2016 to be more in... Partnering with other B2B organizations to boost revenue sales to ongoing support, can increase revenue by %... From front-end sales to ongoing support, can increase revenue by 2020 opt for this the... Are among the most popular systems around wallets ( 26 % ) are also worth considering because of operations... They even Meet with the seller the size of a market is categorized into of 2018 62... Transparency from buyers Update: impact of COVID-19 the market Share, segmentation, revenue forecasts geographic! Sales processes that no longer belong to a company and it is no replacement for human intelligence has up., US Office: 120 St James Ave Floor 6, Boston, MA 02116 processes... 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Are focusing on the global B2B ecommerce will Hit $ 1.8 trillion by 2020 73 % of Telecommunications! The reports that we list have been tracking the impact of COVID-19 the market are already 57 % into buying. For the B2B market is a measure of the B2B purchasing cycles seem to be getting.... To make the monitoring process easy will be more critical in the coming years prospects more difficult now than years... Size of the process data of the Business-to-Business ( B2B ) E-Commerce market,. By Deployment Type, 2019 & 2027 ( USD Billion ) 5.3, there ’ s innovative strategies regarding Business...