B2B E-Commerce Platform Market Key Developments with $1,909.1 Million of Industry Revenue Growth by 2027 – Infomart2000, Insite Software Solutions, KIBO Software, Magneto IT Solutions, Shopify

B2B E-Commerce Platform market is expected to grow from US$ 714.0 Mn in 2018 to US$ 1,909.1 Mn by the year 2027. This represents a CAGR of 11.8% from the year 2019 to 2027.

The advent of the internet had taken global business markets by storm at the start of the 21st century. Countries that realized its potentials have made most of the business opportunities provided by the internet and have been successful in improving their economies.

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North America was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. North America is one of the fastest-growing regions in terms of technological development. In the past 3 years, the region witnessed significant adoption of B2B e-commerce platform across all the sectors. The B2B e-commerce platform market in North America is primarily driven by growing demand from electrical and electronics, arts & crafts, apparel, construction equipment, medical equipment, automotive, and transportation sectors.

GLOBAL B2B E-COMMERCE PLATFORM MARKET – MARKET SEGMENTATION

Global B2B E-Commerce Platform Market by Type

  • On-Premise
  • Cloud

Global B2B E-Commerce Platform Market by Enterprise Size

  • SMEs
  • Large Enterprise

Global B2B E-Commerce Platform Market by End-user Industry

  • Automotive
  • Electrical & Electronics
  • General Industries
  • Others

Global B2B E-Commerce Platform Market by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

Strategic Insights

The market players present in the B2B e-commerce platform market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnerships, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below:

2019: Insite Software Solutions, Inc. launched an e-commerce platform named InsiteCommerce 4.5.0 with additional functionality. These new functionality help enabling email list reminders provide multiple customer list share features, enhances security for commerce sites and delivers integration with inRiver cloud products.

2019: Kibo Software, Inc. launched eCommerce enhancements designed to offer B2B wholesalers, retailers, and brands a more comprehensive eCommerce platform to manage the complexity of B2B tasks while providing an intuitive user interface that business users can master. These enhanced features include key B2B account management assets and a price-quoting functionality that facilitate project and requisition lists, purchase orders, price lists, and customer sets.

2018: Shopify Inc. acquired Tictail, Inc. and all of its subsidiaries (Tictail), a Delaware corporation based in Stockholm, Sweden, which operates an e-commerce platform. This acquisition helped the company to expand its business in Europe.

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Posted by on Wednesday February 12 2020, 8:00 AM EST. All trademarks acknowledged. Filed under Data Centers, Featured Press Release, Media, Robotics, Semiconductors, Software & Services, Technology Hardware & Equipment, Telecommunication. Comments and Trackbacks are open. Follow responses: RSS 2.0

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