Global B2B eCommerce Platform Market Report 2019, Competitive Landscape, Trends and Opportunities
Market Overview:
In the B2b eCommerce platform market, B2B eCommerce, or business to business eCommerce refers to the sales of products and services, through online selling channels, between different companies. This is as opposed to the business to consumer e-commerce selling model, which describes the online sales business transacted between a company and particular consumers (not a business entity). Where business to customer eCommerce transactions are relatively straightforward, business to business transactions are extremely complex. In a B2C business model, product prices are generally fixed, shipping procedure is straightforward, and product quantities are low. In contrast, in the B2B business model, transaction prices are highly variable.
Because businesses are much larger entities than an individual customer, the volume of products and services are greatly higher and have complicated shipping demands. B2B eCommerce platform markets principally have to deal with complex regulatory and tax constraints. Organizations that are not investing in digital channels are quickly falling behind their target competition. Without a move into modern digital commerce, organizations will lose their potential clients, struggle to compete and sustain in a competitive environment, and will further notice their margins shrinking highly. It is highly critical for organizations to invest in some good E-Commerce platforms. Today, companies are observing their clients purchase more online than any other selling channel, which, in turn, increases the demand in the B2B eCommerce platform market.
In the B2B eCommerce platform market, web-based solutions can help strengthen companies’ online presence, letting potential resellers and clients find them through search engines. Attracting more clients can help companies boost annual sales and improve their business productivity and brand value. Selecting the right and most efficient B2B eCommerce platform enables an organisation to display specific and relevant product recommendations for visitors. Companies can make sure their clients see relevant products & services, but also items with more features, unlocking robust up-selling and cross-selling opportunities. B2B eCommerce platform includes tools and solutions that enable organizations to grow revenue while minimizing operational and other costs.
Major players in the global B2B eCommerce Platform market include:
DreamingCode
PrestaShop
GoECart
Retalo
Shopify
Contalog
BigCommerce
Insite Software
3dcart
Magento
Handshake Corp.
Salesforce
WOOCOMMERCE
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Market Segmentation:
The global B2B eCommerce platform market can be analyzed on the basis of product types, application areas, and regional markets.
Based on the product types, B2B eCommerce platform market can be segmented into-
- Hardware
- Software
Based on major application areas, the B2B eCommerce platform market can be segmented into-
- Small Businesses
- Medium-Sized Businesses
- Large Businesses
Advanced technologies let companies take nearly every aspect of their business online, including product cataloguing, order entry, tracking information delivery, client information maintenance, payment procedure, and customer service. By automating and streamlining these different procedures, companies can effectively cut down on unnecessary expenses and can make business operations more efficient. This factor has encouraged a large number of companies, throughout the globe, to adopt a B2B eCommerce platform.
Regional Analysis:
North America, Europe, Asia Pacific, Central & South America, Southeast Asia, and the Middle East and Africa are the major regions contributing to the growth of B2B eCommerce platform market. North America is the most prominent market for advanced B2B ECommerce platforms. The growth of this regional market can be attributed to the rising internet penetration, growing consumer inclination towards online selling channels, ongoing technological advancements in the E-Commerce systems and a growing number of B2B business organizations. The Asia Pacific and European B2B eCommerce platform markets are expected to register considerable growth. A large number of B2B business organizations are getting aware of the benefits of the online sales channel, which is expected to support the demand for advanced and efficient B2B eCommerce platforms in these regional markets.
Industry News:
OpenCart, already a prominent B2C eCommerce platform, is now offering solutions and services for B2B eCommerce activities. The solution provider even offers a free version with upgrades available in the form of add-on and extensions, which may require some technical expertise to install. However, this is a small price to pay for such a comprehensive and efficient set of solutions and services.
Chapter 1 provides an overview of B2B eCommerce Platform market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of B2B eCommerce Platform market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 provides a full-scale analysis of major players in B2B eCommerce Platform industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 4 gives a worldwide view of B2B eCommerce Platform market. It includes production, market share revenue, price, and the growth rate by type.
Chapter 5 focuses on the application of B2B eCommerce Platform, by analyzing the consumption and its growth rate of each application.
Continued…..
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