E-Commerce Industry To Rise Up Due To Increased Smartphone Penetration And Internet Users

 

 

 

 

E-Commerce Industry Data Book Covers B2B E-commerce and B2C E-commerce Market.

 

The global E-commerce Industry was valued at USD 13,497.0 billion in 2022 and is projected to grow at a CAGR of 15.0% from 2023 to 2030.

 

Grand View Research’s E-commerce industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

 

B2B E-commerce Market Insights

The global B2B e-commerce market was valued at USD 7,904.0 billion in 2022 and is projected to grow at a CAGR of 22.8% from 2023 to 2030. Flexible payment options are favoring business owners. The changing Business-to-Business (B2B) buyer behavior and a well-built emphasis on streamlining purchasing processes are advancing B2B e-commerce companies to offer payment methods such as third-party payments and mobile wallets as their efforts to make B2B transactions more convenient. For instance, in December 2021, Newegg Commerce, Inc. partnered with Affirm, Inc., a payment network, to deliver flexible payment options such as pay-over-time to customers shopping from Newegg.com. Paying with Affirm incurs no hidden costs or late fees and allows customers to split the purchase into simple payments over time. Affirm, Inc. provides its customers with flexibility, transparency, and control at checkout.

 

Flexible payment options favor business owners. The changing B2B buyer behavior and a strong emphasis on streamlining purchasing processes are prompting B2B e-commerce companies. This, in turn, offers payment methods, such as third-party payments and mobile wallets, as part of their efforts to make B2B transactions more convenient. Moreover, e-comm companies have been involved in partnerships aimed at improving B2B e-comm payments, such initiatives have also been driving the growth of this market during the forecast period. For instance, in December 2022, Market Time LLC had partnered with Balance Payments, Inc. (Israel-based B2B payment platform) aimed at launching B2B payment solution. The partnership will enable Market Time to integrate Balance’s mtPay, which enables easy processing of pain points, and reduced cost, and time.

 

B2C E-commerce Market Insights

The global B2B e-commerce market was valued at USD 7,904.0 billion in 2022 and is projected to grow at a CAGR of 22.8% from 2023 to 2030. The growth can be attributed to the rising disposable income, global per capita income, and expanding internet penetration. The increasing technological adoption accompanied by the easy availability of smartphones has enabled the e-commerce sector to be more reachable and efficient. The increasing use of social networks is further driving the demand for online purchasing of various products and services. The market is expected to witness high growth over the forecast period mainly due to growing digital dependency and the convenience of shopping on online platforms. It has evolved amid a busy lifestyle and an overabundance of options available to shop from the comfort of home.

 

The percentage of e-shoppers across the world has been increasing over the years across regions. Moreover, the number of internet users has also been on the high side in the past years. According to the European Report 2022, published in June 2022, 91% of the European population access the internet, and 75% of internet users bring goods/services online. Considering both data in tandem, the B2C segment is expected to have high growth in the coming years. The B2C segment will hold the largest market share by model type in 2022. The segment's growth can be attributed to many regional/country-based e-commerce companies. Such companies also have high revenue in the respective region/country.

 

Order your copy of the Free Sample of “E-commerce Industry Data Book - B2B E-commerce and B2C E-commerce Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research 

E-commerce Market – Global Industry Segmentation

 

E-commerce Industry, By Model Type
• Business to Business (B2B)
• Business to Consumer (B2C)

 

E-commerce Industry, By End-use
• Home & Kitchen
• Consumer Electronics
• Industrial & Science
• Healthcare
• Clothing
• Beauty & Personal Care
• Sports Apparel
• Books & stationery
• Automotive
• Others

E-commerce Industry, By Region

• North America
o U.S.
o Canada

• Europe
o U.K.
o Germany
o France
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific

• Latin America
o Brazil
o Mexico
o Rest of Latin America

• MEA

 

Go through the table of content of E-commerce Industry Data Book to get a better understanding of the Coverage & Scope of the study.

 

E-commerce Industry Data Book Competitive Landscape

The top competitors that dominated the global market in 2022. Shopify merchants can sell their products to users via YouTube shorts and live and video-on-demand content. Such initiatives enable wider research on ecommerce companies, driving the growth of the e-commerce market.

Key players operating in the E-commerce industry are –

• Alibaba Group Holding Limited
• Amazon.com, Inc.
• Apple Inc.
• Best Buy
• eBay Inc.
• Shopify Inc. 

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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