The major players in the business-to-business e-marketplace are Amazon, Alibaba, Rakuten, Flipkart. com, IndiaMART, InterMESH Ltd. and eBay Inc. The global business-to-business electronics marketplace market is expected to grow from $30.
NEW YORK, June 1, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “2022 Business-to-Business Electronics Global Market Report” report — https://www.reportlinker.com/p06282513/?utm_source=GNW
$26 billion in 2021 and $32.09 billion in 2022, a compound annual growth rate (CAGR) of 6%. The market is expected to grow at a compound annual growth rate (CAGR) of 4.8% to $38.73 billion by 2026.
Business-to-business e-marketplaces consist of service-providing entities (organizations, sole proprietors, and partnerships) selling business-to-business e-marketplace services that use the Internet or other electronic means to bring together buyers and sellers of goods. And usually there is a commission or fee for the service. The industry includes the business-to-business electronics market for durable and non-durable goods.
The main types of deployments of business-to-business electronics are supplier-facing, buyer-facing, and intermediary-facing. Supplier-facing electronics is a group of suppliers creating an online marketplace to create an effective sales channel. A large number of companies.
Business-to-business electronics applications include home and kitchen, consumer electronics, healthcare, apparel, beauty and personal care, sports apparel, automotive, and others for Network as a Service (NAAS), Data as a Service (DAAS), Storage As a Service (STAAS) and Backend as a Service (BAAS).
Asia Pacific is the largest region in the business-to-business electronics market in 2021. North America is the second largest region for the business-to-business electronics market.
The regions covered in this report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
A surge in the propensity of companies to use electronic or e-commerce platforms to mark their online presence is expected to contribute to the growth of business-to-business electronics. Business-to-business e-marketplaces help companies reach a large consumer base, reduce costs and increase efficiency by automating manual processes.
The B2B electronics marketplace increases the opportunities for manufacturers to partner with suppliers and distributors. For example, in October 2020, The Dentists Supply Co. and U.S. dental products distributor Henry Schein Inc. jointly relaunched TDSC.com as a source of healthcare supply for all 50 state dental association members.
The growing number of cyber attacks on business-to-business e-commerce sites is expected to hinder the growth of the business-to-business electronics market in the coming years. Cyber attacks damage a company’s reputation as well as financial losses.
In November 2019, B2B e-commerce giant Alibaba suffered 2.2 billion cyber attacks in a single day. Cyberattacks reduce the trust of customers and sellers, and those who opt out of their services and businesses are bound to pay ransoms in the form of money, e-currency, and data. This setback is a major restraining factor for market growth.
Manufacturers are building their B2B marketplaces to sell their products online and meet customer demand for niche products, which could be a major trend in business-to-business electronics. For example, in February 2020, Reliance steel launched the B2B market fast metal for the supply of metal products.
In January 2019, aircraft and helicopter parts maker Honeywell launched a B2B marketplace for the sale of aerospace parts.
In May 2019, Canadian e-commerce company Shopify Inc. acquired Handshake for $100 million. With this acquisition, Shopify Inc. expands its B2B e-commerce platform. Additionally, Handshake adds new products and services to Shopify Inc.’s existing portfolio. Handshake is a US-based B2B e-commerce company that provides a platform for manufacturers and distributors close to their customers.
Countries covered by the business-to-business electronics market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States.
Read the full report: https://www.reportlinker.com/p06282513/?utm_source=GNW
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