According to the ‘Global Business-to-Business E-commerce Market Size, Share & Trends Analysis Report, 2021-2028’, the global B2B e-commerce market from 2021, with a CAGR of 18.7 %, will reach $25.65 trillion by 2028.
The market impacted by 2020 pandemic, recovered fast thanks to the consumer push towards online shopping, resulting in a global e-commerce boom.
With a CAGR of 18%, intermediary-oriented B2B model was the topmost segment helped by lower costs of logistics and customer support. While the supplier-oriented sales model mapped 30% of the overall 2020 share in the market. Consumer electronics segment too, showed a healthy 16% CAGR, and became the most popular choice favored by customers.
In 2021, Global Economic Growth was 5.5%. But the latest UN Report predicts only 4% Global Economic Growth in 2022,...Read more