PUBLISHER: yStats.com | PRODUCT CODE: 1563116
PUBLISHER: yStats.com | PRODUCT CODE: 1563116
Europe B2B E-Commerce Marketplaces 2024: Reveals Venture capital investment in European B2B marketplaces has soared, exceeding USD 2.1 billion in 2023-a deep dive By yStats.com
The Shift Towards Verticalization: Specialized B2B Marketplaces and Omnichannel Strategies
Specialized B2B marketplaces, such as ManoMano for building materials, are gaining traction, marking a shift towards verticalization. This trend contrasts with broader B2C approaches. Additionally, omnichannel strategies, exemplified by partnerships like Ankorstore and Comexposium, are enhancing the B2B experience by merging physical and digital sales channels.
Key Players Driving B2B Marketplace Innovation in Europe
In Europe, key players include eWorldTrade with its diverse products, BigBuy in dropshipping, Cdiscount expanding across Europe, and Alibaba facilitating global trade. Allegro also plays a vital role in Central and Eastern Europe.
The Role of AI and Digital Technologies in Accelerating B2B Marketplace Growth
The European B2B marketplace is rapidly digitizing, with over 250 active platforms in 2023. Despite economic challenges, AI adoption, as seen with Scoutbee, is transforming procurement by providing real-time market insights and improving decision-making for businesses.
Despite challenges like economic instability and infrastructure gaps, innovation is driving growth. Investments from firms like ABSeed and NXTP support marketplace expansion, with platforms like Meru and Zax.com showing the region's digital potential.