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B2B E-Commerce Platform Market is expected to reach US$ 10.08 Bn in 2027

E-commerce sector has become an increasingly significant source of competitive advantage for B2B companies. It helps them enables not only to reduce transactional costs and provide wide range of additional services, but also to improve efficiency in association with their suppliers and customers. In the context of continuous increase of the services role in B2B markets and rapid development of information technologies, the B2B e-commerce platforms are witnessing high demand.<br><br>Get Sample PDF Brochure at: https://www.theinsightpartners.com/sample/TIPRE00008088/<br>

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B2B E-Commerce Platform Market is expected to reach US$ 10.08 Bn in 2027

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  1. B2B E-Commerce Platform Market to 2027 Global Analysis and Forecast by Type (On-Premise and Cloud); Enterprise Size (SMEs and Large Enterprises); End-user Industry (Automotive, Electricals & Electronics, General Industries, and Others) B2B e-commerce platform market is expected to grow from US$ 714.0 Mn in 2018 to US$ 1,909.1 Mn by the year 2027. This represents a CAGR of 11.8% from the year 2019 to 2027.

  2. B2B E-Commerce Platform Market to 2027 - Global Analysis and Forecast by Type (On-Premise and Cloud); Enterprise Size (SMEs and Large Enterprises); End-user Industry (Automotive, Electricals & Electronics, General Industries, and Others) E-commerce sector has become an increasingly significant source of competitive advantage for B2B companies. It helps them enables not only to reduce transactional costs and provide wide range of additional services, but also to improve efficiency in association with their suppliers and customers. In the context of continuous increase of the services role in B2B markets and rapid development of information technologies, the B2B e-commerce platforms are witnessing high demand.

  3. B2B E-Commerce Platform Market to 2027 - Global Analysis and Forecast by Type (On-Premise and Cloud); Enterprise Size (SMEs and Large Enterprises); End-user Industry (Automotive, Electricals & Electronics, General Industries, and Others) North America was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. North America is one of the fastest-growing regions in terms of technological development. In the past 3 years, the region witnessed significant adoption of B2B e-commerce platform across all the sectors. The B2B e-commerce platform market in North America is primarily driven by growing demand from electrical and electronics, arts & crafts, apparel, construction equipment, medical equipment, automotive, and transportation sectors. Market Insights Growing Internet Penetration Propels the B2B E-Commerce Platform Market The advent of the internet had taken global business markets by storm at the start of the 21st century. Countries that realized its potentials have made most of the business opportunities provided by the internet and have been successful in improving their economies. With the rollout of the internet, different business models were created and e-commerce is one such example. The e-commerce industry gathered pace in the early part of this decade with advancements in the internet infrastructures & speed, as well as increasing smartphones and internet penetration among the users. E-commerce sparked an upheaval in the consumers buying behavior and also changed the ways in which businesses interact with each other. With the changing face of the e-commerce industry, the commercial transactions that are conducted electronically on the internet have also undergone vast changes owing to the advances in the technology. Additionally, mobile commerce is transforming the face of B2B marketing as more than 42% of the B2B merchants utilize mobile devices in the purchase process.

  4. B2B E-Commerce Platform Market to 2027 - Global Analysis and Forecast by Type (On-Premise and Cloud); Enterprise Size (SMEs and Large Enterprises); End-user Industry (Automotive, Electricals & Electronics, General Industries, and Others) Type Insights The global B2B e-commerce platform market by type was led by the on-premise segment. The cloud segment held the second-largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.

  5. B2B E-Commerce Platform Market to 2027 - Global Analysis and Forecast by Type (On-Premise and Cloud); Enterprise Size (SMEs and Large Enterprises); End-user Industry (Automotive, Electricals & Electronics, General Industries, and Others) Strategic Insights The market players present in the B2B e-commerce platform market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnerships, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below: 2019:Insite Software Solutions, Inc. launched an e-commerce platform named InsiteCommerce 4.5.0 with additional functionality. These new functionality help enabling email list reminders provide multiple customer list share features, enhances security for commerce sites and delivers integration with inRiver cloud products. 2019:Kibo Software, Inc. launched eCommerce enhancements designed to offer B2B wholesalers, retailers, and brands a more comprehensive eCommerce platform to manage the complexity of B2B tasks while providing an intuitive user interface that business users can master. These enhanced features include key B2B account management assets and a price-quoting functionality that facilitate project and requisition lists, purchase orders, price lists, and customer sets.   2018: Shopify Inc. acquired Tictail, Inc. and all of its subsidiaries (Tictail), a Delaware corporation based in Stockholm, Sweden, which operates an e-commerce platform. This acquisition helped the company to expand its business in Europe.

  6. B2B E-Commerce Platform Market to 2027 - Global Analysis and Forecast by Type (On-Premise and Cloud); Enterprise Size (SMEs and Large Enterprises); End-user Industry (Automotive, Electricals & Electronics, General Industries, and Others) Company Profiles • ApttusCorporation • Big Cartel, LLC • Infomart2000 Corp. (3dcart) • InsiteSoftware Solutions, Inc. • KIBO Software, Inc. • Magneto IT Solutions Pvt. Ltd. • Salesforce.com, Inc. • Shopify Inc. • Volusion, LLC. • Woocommerce(Automattic Inc.)

  7. B2B E-Commerce Platform Market to 2027 - Global Analysis and Forecast by Type (On-Premise and Cloud); Enterprise Size (SMEs and Large Enterprises); End-user Industry (Automotive, Electricals & Electronics, General Industries, and Others) Thank You Email :sales@theinsightpartners.com Phone : +1-646-491-9876

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