Business-to-Business (B2B) E-commerce Market Size to Grow Over 18.70% CAGR, to Reach USD 18.57 Trillion by 2026, Globally – GlobeNewswire
New York, NY, Nov. 02, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Business-to-Business E-commerce Market By Deployment Model (Intermediary-oriented, Supplier-oriented, Buyer-Oriented), By Application (Home & Kitchen, Consumer Electronics, Industrial & Science, Healthcare, Clothing, Beauty & Personal Care, Sports Apparels, Books & Stationary, Automotive, Others), and By Region: Global & Regional Industry Perspective, Compreh…….
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New York, NY, Nov. 02, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Business-to-Business E-commerce Market By Deployment Model (Intermediary-oriented, Supplier-oriented, Buyer-Oriented), By Application (Home & Kitchen, Consumer Electronics, Industrial & Science, Healthcare, Clothing, Beauty & Personal Care, Sports Apparels, Books & Stationary, Automotive, Others), and By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” in its research database
“According to Facts and Factors, the global Business-to-Business E-commerce market was valued at roughly USD 7.35 Trillion in 2020 and is predicted to create revenue of roughly USD 18.57 Trillion by the end of 2026, with a CAGR of roughly 18.70% between 2021 and 2026.”
Global Business-to-Business E-commerce Market: Overview
Business-to-business i.e. B2B is a sort of electronic commerce (E-commerce) in which products, services, or information are exchanged between businesses rather than between businesses and consumers (B2C). A Business-to-business (B2B) transaction occurs when the two businesses, such as online retailers and wholesalers, conduct business together. Every organization benefits in the same manner throughout most B2B business models, and they typically have similar negotiation leverage. B2B E-commerce can take many different shapes. Here’s a rundown of some of the most common B2B E-commerce models.
Consumer-to-consumer-to-business-to-consumer-to-consumer-to-consumer (B2B2C) e-commerce eliminates the typical middleman between B2B and B2C organizations, putting businesses in direct contact with customers. Simply looking into how a manufacturer or wholesaler interacts with traditional B2B and B2C models is the best way to describe the B2B2C model. In these situations, the wholesaler or manufacturer sends goods to B2B, which then sells them to the final consumer. The wholesaler or manufacturer contacts the ultimate consumer in a B2B2C model by partnering with the B2B or selling directly to the consumer. Similar transformations take place with B2B2C e-Commerce, mostly through virtual shops, e-commerce websites, or even apps. In many B2B2C e-commerce setups, the customer is aware that the product is being delivered by a company other than the one from which it was purchased. A buyer may, for example, buy the product from such an affiliated blog or website, however, the product is shipped and branded by the manufacturer.
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