Investment Funds Demonstrates the Future of B2B E-Commerce
The entire spectrum of businesses reaching out to customers and other businesses is being revolutionized because of technology and e-commerce. The statistics revealed by statista.com pertaining to the B2B and B2C e-commerce industries are a mere evidence of the steadfast growth of this industry, especially in the US market.
In 2011, B2B constituted 18% of the entire merchant trade sales standing at a high value of 1.5 trillion US dollars. On the other hand, the B2C market is increasing the retail revenue by 10% in the US alone and the sales rose to a whopping 1.2 trillion dollars in 2013.
The Future of B2B E-Commerce
When we talk of B2B e-commerce, our vision is not just limited to the sale of retail products as buying and selling of companies also come under this head.
Frost & Sullivan projects that by 2020, the B2B e-commerce sales will hit $12 trillion which will be a huge jump as compared to the $5.5 trillion in 2012. Archana Vidyasekar who is the senior research analyst in this company says, “The main drivers for migration to B2B is the pressure from the industry leaders to move to online platforms.”
She even points out the different arrangements through which pressure comes:
- The increased interest of companies to place orders through online and mobile platforms.
- The shift to the internet from the electronic data interchange (EDI) in conducting transactions.
- The rise in the popularity of e-marketplaces such as AmazonSupply.com and Alibaba.com.
In the time span of only two decades, technology shifts have been humongous and now, the inflection point of B2B e-commerce is also quite obvious. Companies are internet-born or cloud-born and this has caused the e-commerce systems to innovate at a rather rapid pace. The inflection point of B2B e-commerce is visible in the improvement of order overflows, increased investments, user experiences, and advanced pricing.
B2C E-Commerce Trends and Implications
The US is expected to remain the strongest B2C market worldwide but soon enough, Asia Pacific is going to overtake North America in becoming the region boasting the highest e-commerce sales. Thanks to huge e-commerce platforms making their way to these nations, the online and mobile payment markets are also going to see a boom.
China and India are going to be the leading nations as in China alone, the number of online shoppers is 2.5 times the number in the US. The recent statistics reveal that around 22% of all the disposable income will be spent on online shopping worldwide and thus, its contribution to retail revenue will also increase.
In order to explore unlimited B2B and B2C possibilities, the business owners, clients, vendors, buyers, freelancers, individual contractors and employees should resort to the social networking platform. the diverse parameters provided by them to both buyers and sellers simplify communication and facilitate resourceful collaboration.
investing marketplace as it forms such a business community which maximizes productivity and sales. They drive the right customer to the right business owner by relying on excellent marketing efforts and showcasing the products and services in the most effective manner.
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