Global B2B e-commerce market size will reach $18.9 trillion

During the epidemic, the global e-commerce economy has developed rapidly, and both the B2B and B2C models have achieved remarkable results during this period.

Research and Markets data shows that the global B2B e-commerce market size was estimated at US$6.5 trillion in 2020 and is expected to reach US$18.9 trillion by 2027 , with a compound annual growth rate of 16.4% during the forecast period .

In addition, according to the data, the B2B e-commerce market size in the United States was US$1.8 trillion in 2020. China, as the world's second largest economy, is expected to reach a market size of US$4.4 trillion by 2027 , with a compound annual growth rate of 21.1% during the analysis period from 2020 to 2027.

Apart from this, among other notable markets, Japan and Canada are expected to grow at a CAGR of 11.8% and 14.4% respectively between 2020 and 2027 , and in Europe, Germany is expected to grow at a CAGR of 12.9%.

In the global market segment for buyers, the United States , Canada , Japan , China, and Europe are expected to drive the segment at a compound annual growth rate of 15.4%. In 2020, the total market size of these regional markets is $487.3 billion, and by the end of the analysis period, the market size is expected to reach $13 trillion. And, among these markets , China will continue to be one of the fastest growing countries.

The market in Asia Pacific is expected to reach $2.9 trillion by 2027, led by countries such as Australia, India, and South Korea, while Latin America will grow at a CAGR of 18.1% throughout the analysis period.

The rapid growth of the global B2B e-commerce market reflects the continued global trend of digitalization, which is undoubtedly a major development opportunity for major cross-border companies.

However, the rapid development of the market will inevitably lead to more intense competition. Therefore, for each enterprise, if they want to stand out, it is also very important to choose the right cooperation platform. In addition, each cross-border enterprise should keep up with the market development trend and grasp the main consumer market, which will help improve the long-term sustainable development of the enterprise.

B2B

E-commerce

Market size