Product Code: TIPRE00008088
The B2B E-Commerce Platform Market is anticipated to grow from US$ 4.45 billion in 2024 to US$ 12.66 billion by 2031, reflecting a compound annual growth rate (CAGR) of 10.58% during the period from 2031 to 2031. The rising demand for personalized and omni-channel experiences is expected to be a significant trend in the B2B e-commerce platform market.
Analysis of the B2B E-Commerce Platform Market
Many companies are leveraging digital technologies to enhance customer experiences, increase efficiency, and automate their processes. The widespread use of smartphones and the continuous improvement of high-speed internet are making online business operations more accessible for enterprises. Consequently, there is a growing number of B2B e-commerce platforms that facilitate effective communication between businesses and their customers and partners. Additionally, the ongoing trend of globalization is allowing companies to engage in B2B e-commerce with clients and suppliers worldwide, thereby promoting international trade.
Overview of the B2B E-Commerce Platform Market
B2B (business-to-business) commerce involves the exchange of goods, services, or information between businesses, as opposed to business-to-consumer (B2C) transactions. A B2B transaction typically occurs between two businesses, such as an online retailer and a wholesaler. The post pandemic effect has significantly accelerated market growth in recent years, as many businesses had to adapt to various restrictions. Furthermore, the increasing presence of millennials in the B2B sector is also contributing to the expansion of the B2B e-commerce platform market.
Strategic Insights
Drivers and Opportunities in the B2B E-Commerce Platform Market
Expansion of B2B Marketplaces
B2B vendors are utilizing third-party eCommerce platforms to extend their market reach, analyze competition, and offer convenience to buyers who prefer marketplaces like Amazon Business and Alibaba.com. These B2B marketplaces provide buyers with tools for comparative shopping, customer reviews, and product ratings. Consequently, over 80% of B2B buyers, according to Google, prefer to place orders or make payments through digital commerce channels. Thus, the expansion of B2B marketplaces is driving the growth of the B2B E-Commerce Platform Market.
Increased AI Adoption for Enhanced Productivity
As reported by Salesforce, Inc., 32% of B2B companies have fully integrated AI, while nearly 45% are still experimenting with it. Many businesses have already experienced significant improvements in employee productivity and operational efficiency. Moreover, AI has the potential to address challenges in B2B digital transformation effectively. It can substantially reduce the manual effort required for various tasks. With the advent of generative AI, businesses can now showcase more of their inventory digitally, and many are poised to explore more complex product offerings, including visual buying experiences. Therefore, the increasing adoption of AI is expected to present growth opportunities for the B2B e-commerce platform market in the coming years.
Segmentation Analysis of the B2B E-Commerce Platform Market
The B2B E-Commerce Platform Market analysis is segmented by type, enterprise size, and end-user industry.
- By type, the market is divided into on-premise and cloud segments, with the on-premise segment holding a larger share in 2024.
- By enterprise size, the market is categorized into SMEs and large enterprises, with large enterprises dominating the market share in 2024.
- By end-user industry, the market includes automotive, electricals & electronics, general industries, and others, with the automotive segment expected to experience significant growth in the forecast period.
The B2B E-Commerce Platform Market report is divided into five geographical regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The Asia Pacific region is projected to see substantial growth in the B2B e-commerce platform market. This region includes Australia, China, India, Japan, South Korea, and other APAC countries. The rapid industrialization and urbanization in countries like China, Japan, and India are likely to drive market growth. According to the International Air Transport Association (IATA), the Asia Pacific region leads global e-commerce market growth, with China contributing a significant portion. The International Trade Administration states that China's e-commerce market is the largest globally, accounting for nearly 50% of worldwide transactions. Additionally, the India Brand Equity Foundation (IBEF) forecasts that India's e-commerce market will reach US$ 188 billion by 2031. Thus, the expanding e-commerce sector in this region is propelling the growth of the B2B e-commerce platform market.
Scope of the B2B E-Commerce Platform Market Report
Recent Developments in the B2B E-Commerce Platform Market
The B2B E-Commerce Platform Market is assessed through qualitative and quantitative data collected from primary and secondary research, including key corporate publications, association data, and databases. Recent market developments include:
- Schaeffler India Limited, a subsidiary of Schaeffler AG, has signed a share purchase agreement to acquire 100% of KRSV Innovative Auto Solutions Private Limited, which is based in Bengaluru and provides repair solutions to Indian aftermarket workshops through its growing B2B e-commerce platform, Koovers. This acquisition is a strategic addition to Schaeffler Automotive Aftermarket's operations in India. (Source: Schaeffler, Press Release, 2024)
- BigCommerce, a prominent Open SaaS e-commerce platform for both B2C and B2B brands, has announced the acquisition of BundleB2B, a long-time technology partner that enhances B2B functionality for BigCommerce merchants. (Source: Intertek, Press Release, 2021)
Coverage and Deliverables of the B2B E-Commerce Platform Market Report
The report titled "B2B E-Commerce Platform Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas:
- Market size and forecast at global, regional, and country levels for all key segments included in the scope
- Market dynamics, including drivers, restraints, and key opportunities
- Key future trends
- In-depth PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis highlighting key trends, major players, regulations, and recent developments
- Industry landscape and competition analysis, including market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Global B2B E-Commerce Platform Market and By Type
- 1.3.2 Global B2B E-Commerce Platform Market and By Enterprise Size
- 1.3.3 Global B2B E-Commerce Platform Market and By End-user Industry
- 1.3.4 Global B2B E-Commerce Platform Market and By Geography
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. B2B E-Commerce Platform Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America and PEST Analysis
- 4.2.2 Europe PEST Analysis
- 4.2.3 APAC PEST Analysis
- 4.2.4 Middle East and Africa PEST Analysis
- 4.2.5 South America PEST Analysis
- 4.3 Ecosystem Analysis
5. B2B E-Commerce Platform Marketand Key Industry Dynamics
- 5.1 Key Market Drivers
- 5.1.1 High Penetration of Internet Across the Globe Stimulate the B2B E-Commerce Platform Market
- 5.1.2 Increase in Adoption of B2B E-Commerce Platform among SMEs in Asia Pacific Region
- 5.2 Key Market Restraints
- 5.2.1 Limited Market and Lengthy Buying Process
- 5.3 Key Market Opportunities
- 5.3.1 Lucrative Business Opportunities for B2B E-Commerce Platform Providers in Middle East and Africa
- 5.4 Future Trends
- 5.4.1 Integration of AI and Machine Learning in E-Commerce Platforms
- 5.5 Impact Analysis of Drivers and Restraints
6. B2B E-Commerce Platform Market and Global Market Analysis
- 6.1 Global B2B E-Commerce Platform Market Overview
- 6.2 Global B2B E-Commerce Platform Market Forecast and Analysis
- 6.3 Market Positioning - Top Five Players
7. B2B E-Commerce Platform Market Analysis and By Type
- 7.1 Overview
- 7.2 B2B E-Commerce Platform Market Breakdown, By Type, 2018 and 2031
- 7.3 On-Premise
- 7.3.1 Overview
- 7.3.2 On-Premise Market Revenue and Forecasts to 2031 (US$ Mn)
- 7.4 Cloud
- 7.4.1 Overview
- 7.4.2 Cloud Market Revenue and Forecasts to 2031 (US$ Mn)
8. B2B E-Commerce Platform Market Analysis and By Enterprise Size
- 8.1 Overview
- 8.2 B2B E-Commerce Platform Market Breakdown, By Enterprise Size, 2018 and 2031
- 8.3 Small and Medium Enterprises (SMEs)
- 8.3.1 Overview
- 8.3.2 Small and Medium Enterprises (SMEs) Market Revenue and Forecasts to 2031 (US$ Mn)
- 8.4 Large Enterprises
- 8.4.1 Overview
- 8.4.2 Large Enterprises Market Revenue and Forecasts to 2031 (US$ Mn)
9. B2B E-Commerce Platform Market Analysis and By End-User Industry
- 9.1 Overview
- 9.2 B2B E-Commerce Platform Market Breakdown, By End-User, 2018 and 2031
- 9.3 Automotive
- 9.3.1 Overview
- 9.3.2 Automotive Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.4 Electrical and Electronics
- 9.4.1 Overview
- 9.4.2 Electrical and Electronics Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.5 General Industries
- 9.5.1 Overview
- 9.5.2 General Industries Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others Market Revenue and Forecasts to 2031 (US$ Mn)
10. Global B2B E-Commerce Platform Market and Geographic Analysis
- 10.1 Overview
- 10.2 North America B2B E-Commerce Platform Market Revenue and Forecast to 2031
- 10.2.1 North America B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.2.2 North America B2B E-Commerce Platform Market Breakdown, by Type
- 10.2.3 North America B2B E-Commerce Platform Market Breakdown, by Enterprise Size
- 10.2.4 North America B2B E-Commerce Platform Market Breakdown, by End-User Industry
- 10.2.5 North America B2B E-Commerce Platform Market Breakdown, by Country
- 10.2.5.1 US B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ MN)
- 10.2.5.1.1 US B2B E-Commerce Platform Market Breakdown, by Type
- 10.2.5.1.2 US B2B E-Commerce Platform Market Breakdown, by Enterprise Size
- 10.2.5.1.3 US B2B E-Commerce Platform Market Breakdown, by End-User Industry
- 10.2.5.2 Canada B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ MN)
- 10.2.5.2.1 Canada B2B E-Commerce Platform Market Breakdown, by Type
- 10.2.5.2.2 Canada B2B E-Commerce Platform Market Breakdown, by Enterprise Size
- 10.2.5.2.3 Canada B2B E-Commerce Platform Market Breakdown, by End-User
- 10.2.5.3 Mexico B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.2.5.3.1 Mexico B2B E-Commerce Platform Market Breakdown, by Type
- 10.2.5.3.2 Mexico B2B E-Commerce Platform Market Breakdown, by Enterprise Size
- 10.2.5.3.3 Mexico B2B E-Commerce Platform Market Breakdown, by End-User
- 10.3 Europe B2B E-Commerce Platform Market Revenue and Forecast to 2031
- 10.3.1 Europe B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.3.2 Europe B2B E-Commerce Platform Market Breakdown, by Type
- 10.3.3 Europe B2B E-Commerce Platform Market Breakdown, by Enterprise Size
- 10.3.4 Europe B2B E-Commerce Platform Market Breakdown, by End-user Industry
- 10.3.5 Europe B2B E-Commerce Platform Market Breakdown, by Country
- 10.3.5.1 France B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ MN)
- 10.3.5.1.1 France B2B E-Commerce Platform Market Breakdown, By Type
- 10.3.5.1.2 France B2B E-Commerce Platform Market Breakdown, by Enterprise Size
- 10.3.5.1.3 France B2B E-Commerce Platform Market Breakdown, By End-user Industry
- 10.3.5.2 Germany B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ MN)
- 10.3.5.2.1 Germany B2B E-Commerce Platform Market Breakdown, By Type
- 10.3.5.2.2 Germany B2B E-Commerce Platform Market Breakdown, by Enterprise Size
- 10.3.5.2.3 Germany B2B E-Commerce Platform Market Breakdown, by End-user Industry
- 10.3.5.3 Italy B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.3.5.3.1 Italy B2B E-Commerce Platform Market Breakdown, by Type
- 10.3.5.3.2 Italy B2B E-Commerce Platform Market Breakdown, by Enterprise size
- 10.3.5.3.3 Italy B2B E-Commerce Platform Market Breakdown, by End-user Industry
- 10.3.5.4 Russia B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.3.5.4.1 Russia B2b E-Commerce Platform Market Breakdown, by Type
- 10.3.5.4.2 Russia B2B E-Commerce Platform Market Breakdown, by Enterprise Size
- 10.3.5.4.3 Russia B2B E-Commerce Platform Market Breakdown, by End-user Industry
- 10.3.5.5 UK B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.3.5.5.1 UK B2B E-Commerce Platform Market Breakdown, by Type
- 10.3.5.5.2 UK B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.3.5.5.3 UK B2B E-Commerce Platform Market Breakdown, by End-user Industry
- 10.3.5.6 Rest of Europe B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.3.5.6.1 Rest of Europe B2B E-Commerce Platform Market Breakdown, by Type
- 10.3.5.6.2 Rest of Europe B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.3.5.6.3 Rest of Europe B2B E-Commerce Platform Market Breakdown, by End-user Industry
- 10.4 APAC B2B E-Commerce Platform Market Revenue and Forecast to 2031
- 10.4.1 APAC B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.4.2 APAC B2B E-Commerce Platform Market Breakdown, By Type
- 10.4.3 APAC B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.4.4 APAC B2B E-Commerce Platform Market Breakdown, By End-user Industry
- 10.4.5 APAC B2B E-Commerce Platform Market Breakdown, By Key Country
- 10.4.5.1 Australia B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.4.5.1.1 Australia B2B E-Commerce Platform Market Breakdown, By Type
- 10.4.5.1.2 Australia B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.4.5.1.3 Australia B2B E-Commerce Platform Market Breakdown, By End-user Industry
- 10.4.5.2 China B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.4.5.2.1 China B2B E-Commerce Platform Market Breakdown, By Type
- 10.4.5.2.2 China B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.4.5.2.3 China B2B E-Commerce Platform Market Breakdown, By End-user Industry
- 10.4.5.3 India B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.4.5.3.1 India B2B E-Commerce Platform Market Breakdown, By Type
- 10.4.5.3.2 India B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.4.5.3.3 India B2B E-Commerce Platform Market Breakdown, By End-user Industry
- 10.4.5.4 Japan B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.4.5.4.1 Japan B2B E-Commerce Platform Market Breakdown, By Type
- 10.4.5.4.2 Japan B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.4.5.4.3 Japan B2B E-Commerce Platform Market Breakdown, By End-user Industry
- 10.4.5.5 South Korea B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.4.5.5.1 South Korea B2B E-Commerce Platform Market Breakdown, By Type
- 10.4.5.5.2 South Korea B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.4.5.5.3 South Korea B2B E-Commerce Platform Market Breakdown, By End-user Industry
- 10.4.5.6 Rest of APAC B2B E-Commerce Platform Market Revenue and Forecast to 2031 (US$ Mn)
- 10.4.5.6.1 Rest of APAC B2B E-Commerce Platform Market Breakdown, By Type
- 10.4.5.6.2 Rest of APAC B2B E-Commerce Platform Market Breakdown, By Enterprise Size
- 10.4.5.6.3 Rest of APAC B2B E-Commerce Platform Market Breakdown, By End-user Industry
- 10.5 Middle East and Africa B2B E-Commerce Platform Market Revenue and Forecasts to 2031
- 10.5.1 Middle East and Africa B2B E-Commerce Platform Market Revenue and Forecasts to 2031
- 10.5.2 Middle East and Africa B2B E-Commerce Platform Market Breakdown By Type
- 10.5.3 Middle East and Africa B2B E-Commerce Platform Market Breakdown By Enterprise Size
- 10.5.4 Middle East and Africa B2B E-Commerce Platform Market Breakdown By End-user Industry
- 10.5.5 Middle East and Africa B2B E-Commerce Platform Market Breakdown, by Key Countries
- 10.5.5.1 South Africa B2B E-Commerce Platform Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.5.5.1.1 South Africa B2B E-Commerce Platform Market Breakdown By Type
- 10.5.5.1.2 South Africa B2B E-Commerce Platform Market Breakdown By Enterprise Size
- 10.5.5.1.3 South Africa B2B E-Commerce Platform Market Breakdown By End-user Industry
- 10.5.5.2 Saudi Arabia B2B E-Commerce Platform Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.5.5.2.1 Saudi Arabia B2B E-Commerce Platform Market Breakdown By Type
- 10.5.5.2.2 Saudi Arabia B2B E-Commerce Platform Market Breakdown By Enterprise Size
- 10.5.5.2.3 Saudi Arabia B2B E-Commerce Platform Market Breakdown By End-user Industry
- 10.5.5.3 UAE B2B E-Commerce Platform Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.5.5.3.1 UAE B2B E-Commerce Platform Market Breakdown By Type
- 10.5.5.3.2 UAE B2B E-Commerce Platform Market Breakdown By Enterprise Size
- 10.5.5.3.3 UAE B2B E-Commerce Platform Market Breakdown By End-user Industry
- 10.5.5.4 Rest of Middle East and Africa B2B E-Commerce Platform Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.5.5.4.1 Rest of Middle East and Africa B2B E-Commerce Platform Market Breakdown By Type
- 10.5.5.4.2 Rest of Middle East and Africa B2B E-Commerce Platform Market Breakdown By Enterprise Size
- 10.5.5.4.3 Rest of Middle East and Africa B2B E-Commerce Platform Market Breakdown By End-user Industry
- 10.6 South America B2B E-Commerce Platform Market Revenue and Forecasts to 2031
- 10.6.1 South America B2B e-commerce platform market Revenue and Forecasts to 2031 (US$ Mn)
- 10.6.2 South America B2B E-Commerce Platform Market Breakdown by Type
- 10.6.3 South America B2B E-Commerce Platform Market Breakdown by Enterprise Size
- 10.6.4 South America B2B E-Commerce Platform Market Breakdown by End-user Industry
- 10.6.5 South America B2B E-Commerce Platform Market Breakdown, by Key Countries
- 10.6.5.1 Brazil B2B E-Commerce Platform Market Revenue and Forecasts to 2031 (US$ MN)
- 10.6.5.1.1 Brazil B2B E-Commerce Platform Market Breakdown by Type
- 10.6.5.1.2 Brazil B2B E-Commerce Platform Market Breakdown by Enterprise Size
- 10.6.5.1.3 Brazil B2B E-Commerce Platform Market Breakdown by End-User Industry
- 10.6.5.2 Rest of SAM B2B E-Commerce Platform Market Revenue and Forecasts to 2031 (US$ MN)
- 10.6.5.2.1 Rest of SAM B2B E-Commerce Platform Market Breakdown by Type
- 10.6.5.2.2 Rest of SAM B2B E-Commerce Platform Market Breakdown by Enterprise Size
- 10.6.5.2.3 Rest of SAM B2B E-commerce Platform Market Breakdown by End-user Industry
11. B2B E-Commerce Platform Market - Industry Landscape
- 11.1 Overview
- 11.2 Merger and Acquisition
- 11.3 New Development
12. B2B E-Commerce Platform Market - Company Profiles
- 12.1 Apttus Corporation
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Solutions
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Big Cartel, LLC
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Solutions
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Infomart2000 Corp. (3dcart)
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Solutions
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Insite Software Solutions, Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Solutions
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 KIBO Software, Inc.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Solutions
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Magneto IT Solutions Pvt. Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Solutions
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Shopify Inc.
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Solutions
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Salesforce.com, Inc.
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Solutions
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Volusion, LLC.
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Solutions
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Woocommerce (Automattic Inc.)
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Solutions
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary of Terms