B2B eCommerce Market: Impact, Trends, & Future
In an evolving industry landscape, businesses purchase products and services online more than before. This holds true especially for retail and wholesale sectors wherein buyers generate purchase orders via digital channels, such as electronic digital interchange software. The ability to offer businesses more customized and flexible services has propelled the global B2B eCommerce market on a growth path at 21.22% between 2022 and 2028. Geographically, the Asia-Pacific B2B eCommerce market revealed the highest potential by backing around 80% of the global share. Estimates indicate that Chinese business-to-business eCommerce transactions underwent a fourfold increase between 2012 and 2020 . This has compelled contenders to adopt and embrace omnichannel sales like videoconferencing and digital portals. Around 83% of B2B leaders believe these channels to be highly ef...