According to SPER Market Research, B2B e-commerce, often known as business-to-business online transactions, is the practise of selling products or services to other businesses online. Since orders are processed digitally, purchasing efficiency and effectiveness are improved for manufacturers, distributors, wholesalers, and other sorts of B2B sellers. Instead of referring to the exchange of goods, services, or information between businesses and consumers, B2B (business-to-business) is a type of electronic commerce (e-commerce) (B2C). A business-to-business transaction takes place between two companies, like wholesalers and internet merchants. In the majority of B2B business structures, each organisation benefits in some way and typically has comparable negotiation power.
India Online B2B Platform Market Overview:
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
The COVID-19 outbreak has not only disrupted daily living but also hurt economies all around the world, including India. This has also had a huge detrimental impact on the startup ecosystem in our country, but it has also provided an opportunity for individuals to reinvent themselves in order to satisfy the new need. The epidemic has also highlighted the urgent need to reduce the digital divide within and among the nation’s states given the critical role that the internet economy has played during this catastrophe. Due to various traditionally held barriers that have been identified, e-commerce operations’ relevance and growing engagement in the retail sector have been compelled. Online B2B platforms across India are now focusing on making sure they can draw more partners to their platforms by offering customizable services, matching their core competencies and service portfolio with modern trends and in-demand materials, and targeting those industries that are severely hit. In order to get on the internet bandwagon and help other businesses manage their operations and reach their end users/consumers in multiple geographies, a large number of firms are helping other businesses do the same. After the first phase of Lockdown started, the offline businesses had severe challenges. The number of businesses that were listed on online B2B platforms but did not use online services increased as a result of this. Both the brief decrease in subscription rates and the players’ expansion of the serviceable area were factors in the rise in Listings. The emphasis is on urgently practical concerns that must be swiftly resolved in order for business and society to continue to function despite the crisis, like altering systems to support all-digital or remote working. Another goal is to make sure that consumers are aware that online markets are open even when physical sites are closed. As a result, online markets struggle to handle a huge volume of queries while also trying to successfully market themselves. In many regions of the country, other services like logistics and procurement are also being impacted. To increase their reach, online B2B platforms have focused on digitization services and partnerships with logistics aggregators in an effort to get these services back on track with the aid of reduced red tape and permit requirements from the government.
India Online B2B Platform Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alibaba, Bizongo, IndiaMart, Industry Buying, Jumbotail, Moglix, Ninjacart, Power 2 SME, Shop X, Trade India, Udaan.
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India Online B2B Platform Industry Segmentation:
By Final Consumption Expenditure: Based on the Final Consumption Expenditure, India Online B2B Platform Industry Market is segmented as; Retail Spending on Goods, Other Expenditure.
By Retail Industry: Based on the Retail Industry, India Online B2B Platform Industry Market is segmented as; B2B Retail, B2C Retail.
By B2B Retail Industry Entities: Based on the B2B Retail Industry Entities, India Online B2B Platform Industry Market is segmented as; Brand/Distributor Led Stores, Cash & Carry Stores, E-B2B Platforms, Un-Organized B2B Stores.
By Online B2B Retail Industry Segments: Based on the Online B2B Retail Industry Segments, India Online B2B Platform Industry Market is segmented as; Beauty & Personal Care, Consumer Durables & Electronics, Fashion & Accessories, FMCG & Grocery, Others.
By Online B2B Platform: Based on the Online B2B Platform, India Online B2B Platform Industry Market is segmented as; Region of Demand, Nature of Platforms.
By Region: This report also provides the data for key regional segments of East India, North India, South India, West and Central India.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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