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Global B2B eCommerce Platform Market Overview. Financial performance7.3. US B2B eCommerce Will Hit $1.8 Trillion By 2023, Outlook on Artificial Intelligence in the Enterprise 2016. It contains information on global B2B payment developments. Online shopping is preferred during this phase due to constraints on public gathering. According to a report on B2B Mobile Commerce Market, recently added to the vast repository of Research N Reports, the global market is likely to gain significant impetus in the near future. Sure, it can help you speed up your workflows here and there, but you will still need professionals to call the shots on how these workflows should be automated. The assessment provides a 360° view and insights, outlining the key outcomes of the industry. B2B vendors now acquire new customers via referrals (63%), social media (42%), and content marketing (36%). Moreover, "E-commerce into the rural comprehensive demonstration project" is helping China to carry out e-commerce application demonstrations across eight provinces in the country.Key Topics Covered: Chapter 1. While B2B has plenty of benefits to offer, it also comes with a handful of challenges. B2B buyers expect vendor websites to provide them with personalized portal content (45%), an easy-to-use ROI calculator (44%), augmented reality options (38%), video chat options (33%), and real-time IM options (22%). This is why the impact of SaaS on businesses is undeniable. These players are focusing on entering mergers and acquisitions as part of their growth strategy to hold a competitive position in the market. Global B2B Digital Payment Market Size, Status and Forecast 2020-2026 has complete details about market of B2B Digital Payment industry, B2B Digital Payment analysis and current trends. Furthermore, with increasing competition, several businesses are opting for online business models to gain a competitive edge in the market.The market is characterized by intense competition among the major players operating in the B2B e-commerce market. Market Estimates & Forecasts, By Region, 2019 & 2027 (USD Billion)Chapter 7. This is why many marketers are now paying more attention to the creation of quality content that will help buyers learn more about their company and what they have to offer. This paper discusses how market size can be assessed. Buyer-Oriented4.4. Digital channels are dominating the modern business landscape, with many companies integrating ecommerce as part of their operations. To study and analyze the global Business-to-Business (B2B) E-commerce market size by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2025. In 2017, the global B2B Data Exchange market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. Luckily, you can easily roll out lead generation and coaching processes to improve relations. Global B2B Payments Market Size and Share By Industry Demand, Worldwide Research, Leading Players Updates, Emerging Trends, Investment Opportunities and Revenue Expectation till … The market size is a measure of the potential available to a company and it is the starting point for developing a marketing strategy. She's an avid fan of the outdoors, where you'll find her when she's not crunching numbers or testing out new software. Global Marketers offers a newly published research report titled, “Global B2B Market 2020 By Key Players, Types and Application“. Market estimates and forecasts, by region, 2016 - 2027 (USD Billion)4.3. These include data on the current size and projections for the B2B payments revenues market. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. Market estimates and forecasts, by region, 2016 - 2027 (USD Billion)5.3. Businesses that cultivate partner relations with lead generation and coaching are 63% more likely to accomplish their revenue goals. Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. Astrid Eira is a resident B2B expert of FinancesOnline, focusing on the SaaS niche. It contains information on global B2B payment developments. © 2020 GlobeNewswire, Inc. All Rights Reserved. Knowing the size of a market is a fundamental requirement for all marketing plans. It provides growth and development status of B2B Telecommunications industry with top regions, types, and applications. 68% of B2B vendors believe that customer data management will drive growth for their business. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Another great thing about the B2B sales process of today is that while it does seem more difficult now than before, it does provide quite a few perks for companies. The report opens with a global chapter. If you want to make these transactions more efficient, you must provide your leads with clear and concise information about your products, ROI, pricing, and the value-added services you can provide. Competitive Landscape7.1. 1 out of 4 B2B buyers sends out their orders using a mobile device. These only go to show that in the digital age, there are plenty of ways to ensure B2B success. Table of Content . This is expected to increase in 2019 and beyond. 19% of B2B companies say that social listening is an increasingly important tool for them. B2B purchasing processes are more tedious due to more detailed ROI analysis (77%), more extensive research sources (75%), and increased buying group members (52%). 2019 to 2026. B2B eCommerce is predicted to make up more than 12% of the overall B2B revenue by 2020. As you’ll see in the statistics we’ve compiled below, one reason for this is because customers are now the ones who contact vendors, and they often do this via online channels such as email, chat, and even social media. Organizations allot an average of 20 hours on research before they reach out to a vendor. Aside from the increase in online transactions, another significant shift in the B2B market is buyer expectations. Covered the factors such as opportunities, growth drivers, barriers, restraints, technical advancements and major market … Global Business-to-Business (B2B) E-commerce Market Overview. 18 New Sales Statistics for 2019 from Our Groundbreaking Study! According to recent calculations, the worldwide B2B trade show market was worth 34.4 billion U.S. dollars in 2018. 58% of B2B buyers said their decision process was longer in 2017 than in 2016. Global B2B Graphic Design Market 2020 Size, Status, Share and Technology Forecast to 2025 By Market Study Report Published: 10 hours ago Product ID: 2998302 The research report on B2B Graphic Design market provides an all-inclusive analysis of this industry sphere, while propounding actionable insights, historical intelligence, and statistically validated forecasts. The top-selling points for B2B customers are vendor reputation (53%), price (47%), customer loyalty (43%), and ease of purchase (38%). Books & Stationary5.10. Which Demand Gen Channels and Tactics Are Working for B2B Marketers? Overtake the competition with digital speed. This way, they can divert their time to more attention-demanding responsibilities. This report focuses on delivering the up-to-date and latest growth opportunities, 360-degree market overview, and statistical data of the B2B industry. If you haven’t invested in any of the best ecommerce software, then you will surely be missing out on quite a number of opportunities. B2B Telecommunication Market 2020 : Global Industry Analysis by Top Countries Data with Size, Share, Segments, Drivers and Growth Insights to 2023 Published: Nov. 18, … Regional chapters follow, ranked by B2B payments market size potential: Asia-Pacific, North America, and Europe. 67% of vendors say that insightful analytics has the potential to drive the B2B ecosystem in the future. The Global Business-to-Business (B2B) E-commerce Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 74 % of B2B vendors that implement Partner Relationship. Market Dynamics3.3.1. 91% of buyers prefer doing business with vendors that can recognize their names as well as anticipate their needs based on past transactions. Moreover, B2B e-commerce platforms enable businesses to lower down their marketing expenses, better management of the suppliers and customers, and boosts sales engagement.Additionally, rising proliferation of smartphones and increasing internet penetration is further creating avenues for market growth. Due to social distancing, millions are turning toward the internet since social interactions are moving online and business-to-business (B2B) communications are taking place digitally. 54% of buyers said that the B2B purchasing cycle is getting longer. The B2B industry has continually expanded and innovated over the past few years, offering newer types of products and services. While this is great for reaching more prospective buyers, it also has its downsides—the biggest one being the lack of transparency. According to this study, over the next five years the Business-to-Business (B2B) E-commerce market will register a 9.1% CAGR in terms of revenue, the global market size will reach US$ 8794.4 million by 2026, from US$ 6210.2 million in 2019. The bank suggests the net result of these new B2B solutions will be $1.5 trillion in productivity for global small business and a $1 trillion revenue opportunity (total addressable market, or TAM) in non-bank payment and software products. 64% of buyers check vendor websites before contacting sales representatives. Having a good selection of payment options is crucial to B2B ecommerce. The worldwide web has opened up many opportunities for businesses when it comes to making efficient B2B marketing strategies. The global B2B Telecommunication market is segmented on the basis of solution, deployment, organization size, application, and region. The holistic market summary of the global B2B Telecommunications market is provided with region, share and market size. Healthcare5.6. In 2017, the global B2B Data Exchange market size was million US$ and it is expected to reach million US$ by the end o According to Acumen Research Consulting, the global B2B payment transaction market size is expected to reach around US$ 63,084 Bn by 2026 with CAGR of above 6%. Some of the key B2B marketing strategies that companies use today are blogging (52%), sending email newsletters (40%), creating social media content (40%), publishing e-books (38%), and organizing in-person events (36%). They actively research the products and services they need before they even reach out to vendors for inquiries. In 2018, the global B2B Telecommunication market size was 42200 million US$ and it is expected to reach 103300 million US$ by the end of 2025, with a CAGR of 11.8% during 2019-2025. Not only does this mean that marketers have to formulate more targeted campaigns, but it also goes to show that they have to make themselves easier for clients to reach. B2B trade show market size in the U.S. 2012-2024 Marketing services spending in the U.S. 2017-2020, by category Distribution of revenue from events and trade shows in the U.S. 2019, by source Of course, this is not to say that sales agents are no longer needed. 79% of B2B marketers say that emailing is the most effective channel for demand generation. As we delve deeper into the digital age, we will see that companies in this industry will increasingly leverage technology and the internet for their operations, allowing for more convenient transactions. Copyright © 2020 FinancesOnline. How B2B digital leaders drive five times more revenue growth than their peers, CSO Insights 2016 Channel Sales Optimization Study, Breaking the Code: Customer Driven and Innovation, Professional Services Automation Software - PSA, Project Portfolio Management Software - PPM, 50+ Relevant B2B Statistics: 2020 Market Share Analysis & Data, making efficient B2B marketing strategies, Make Music, Not Noise – Accenture Strategy, How to unlock growth in the largest accounts. 66% of companies in the B2B industry are putting more effort into building their network. This is attributed to the easy access to information that allows buyers to be more exhaustive when it comes to assessing products and services. In 2018, the global B2B Telecommunication market size was 42200 million US$ and it is expected to reach 103300 million US$ by the end of 2025, with a CAGR of 11.8% during 2019-2025. Global B2B Services Review Platforms Market report focuses on the major drivers and restraints for the key players. and the size of the overall US eCommerce market. Market estimates and forecasts, 2016 - 2027 (USD Billion)5.2.2. B2B marketing statistics show that marketers tend to overwhelm leads with product information, and sometimes, they are unable to provide buyers with the kind of data they need to make an informed purchasing decision. Home » Reports » Global B2B Electronic Commerce Market Size, Status and Forecast 2020-2026. A detailed study on B2B Electronic Commerce market complied by primary and secondary research and validated by industry experts. With a projected $6.7 trillion global income by 2020, the B2B ecommerce market will outgrow B2C ecommerce sales. Automotive5.11. The B2B buying process is longer due to the difficulty of sharing information internally (29.57%), difficulty in understanding information (32.62%), disagreements over price (37.96%), disagreements over ROI (22.71%), disagreements over product capabilities (22.87%), and unknowledgeable sales reps (12. B2B sales statistics revealed that 54% of agents find contacting prospects more difficult now than five years ago. Digital disruption, the increasing importance of customer experiences, and the growing popularity of collaboration among businesses are slowly reshaping the B2B landscape. Market Estimates & Forecasts, By Deployment Type, 2019 & 2027 (USD Billion)4.2. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions. Industry Analysis - Porter's Five Force Analysis3.6. Can we possibly get a glimpse of that time ahead by looking at relevant B2B statistics? However, only 28% are in the mature phase of the process. 86% of buyers often feel overwhelmed when given more than ten types of sales content while 42% feel overwhelmed when given more than 5. Sign up today for your free Reader Account! Lastly, it might be a wise move to start collaborating with companies offering products that can complement yours to expand your network. In the next few years, its yield in sales is set to exponentially increase and even surpass the B2C market. Global B2B eCommerce Platform Market Size 2020 with Top Countries Data, Review, Industry Trends, Regional Analysis, Key Players Profile, Statistics and Growth to 2027. This will essentially force companies to make significant changes to the way they approach their target audience and distribute content about their products and services. The B2C E-Commerce market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. Meanwhile, case studies are better at converting leads and accelerating sales processes. The most important purchasing factors for large B2B buyers are value-added services (31%), product features (19%), product reliability (18%), price (17%), and sales experience (15%). While we’re still on the topic of content marketing, it seems that even as plenty of companies utilize it, not all can maximize it. B2B Telecommunication Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2025 By Market Study Report Published: An hour ago Product ID: 2980335 The recent report on B2B Telecommunication market offers a thorough evaluation of key drivers, restraints, and opportunities pivotal to business expansion in the coming years. 89% of B2B marketers utilize content marketing for their operations. B2B E-Commerce Market Report Highlights, In the early 2020, COVID-19 has majorly affected the e-commerce industry. In 2018, the global B2B Payments market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. Dublin, Feb. 18, 2020 (GLOBE NEWSWIRE) -- The "Global Digital B2B Payments Market: Size, Trends & Forecasts (2020-2024)" report has been … The global business-to-business e-commerce market size is estimated to reach USD 20.9 trillion by 2027, expanding at a CAGR of 17.5% during the forecast period. What’s more, having no visibility over your partners’ progress makes it nearly impossible for you to study how you can improve your joint efforts. However, it can be difficult to do this without proper planning as to what kinds of articles you should produce and where you should publish them. In 2018, the global B2B Telecommunication market size was 42200 million US$ and it is expected to reach 103300 million US$ by the end of 2025, with a CAGR of 11.8% during 2019-2025. Keep it clean. Implementing new technology may be one of the leading B2B industry developments of today, but it is no replacement for human intelligence. Also, 59% consult review websites for insights from fellow companies. 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