The B2B ecommerce market is rapidly expanding, and buyers have high expectations. The worldwide B2B ecommerce market was valued at $14.9 trillion in 2020, more than five times that of the B2C market. Furthermore, Forrester projects that B2B ecommerce will account for 17% of all B2B sales in the United States by 2023, totaling $1.8 trillion. B2B eCommerce trends is on the rise.
B2B ecommerce, often known as business-to-business electronic commerce, is the sale of goods or services between businesses via online transactions. Because orders are completed digitally, wholesalers, manufacturers, distributors, and other types of B2B sellers can improve their purchasing efficiency and effectiveness.
What makes B2B intriguing is that it is not a model that can be simulated/prototyped for every organization due to ever-changing needs, technology improvements, and the fact that each firm is unique.
Business-to-business ecommerce websites enable your consumers to purchase your products online while also providing a slew of other advantages to your company. Consider your customers, dealers, or distributors viewing their online and offline orders in one location, managing their orders, budgets, pricing, and available promotions via an online experience. Businesses can also enhance productivity, increase sales, and improve customer experience by integrating a purpose-built B2B ecommerce digital experience platform.
