PUBLISHER: yStats.com | PRODUCT CODE: 1610616
PUBLISHER: yStats.com | PRODUCT CODE: 1610616
yStats.com Analysis: B2B E-Commerce Innovation Accelerates Growth from Developed to Emerging Markets
B2B transformation through technology
AI, blockchain, and SaaS are reshaping B2B operations. Virtual cards, expected to grow over 250% by 2028, enhance security and speed, while AI optimizes inventory, logistics, and demand forecasting. Marketplaces are using AI to streamline procurement and offer tailored solutions for customers.
Regional shifts in B2B growth
North America leads digital adoption, with 80% of U.S. B2B transactions going digital by 2025. Asia-Pacific drives global growth, with India's B2B market set to surpass €115 billion by 2027. Latin America's online transactions will hit 80% by 2024, while MEA sees steady expansion with platforms like Tradeling boosting trade.
Digital marketplaces on the rise
B2B marketplaces are revolutionizing procurement globally. Alibaba.com leads Asia-Pacific with almost USD 130 billion in revenue, while Amazon Business in North America is set to exceed USD 65 billion by 2026. Europe's 250+ marketplaces, including leaders like ManoMano, are driving growth.
Overview of Selected Top B2B Marketplaces, 2023e (1 of 2)