The B2B e-commerce market has
been evolving rapidly owing to the pervasive impact of the global online
ecosystem and changing nature of buyers. It comprises buying and selling of
goods and services between companies via an online platform. The key offering
is primarily a website, where an online market is created bringing together
buyers as well as sellers of products or services. The B2B e-commerce market
landscape has changed significantly as Google Shopping and AmazonSupply have
targeted suppliers across the B2B e-commerce space.
Increasing smartphone and internet
usage is expected to serve as a key driver for the B2B e-commerce market. In
addition, emergence of cloud computing has also positively impacted market
growth. Cloud platform offers the required operational agility and scalability
for B2B integration, and there exist many types of public and private cloud
computing options, including Network as a Service (NaaS), Data as a Service
(Daas), Storage as a Service (STaas) and Back-end as a Service (BaaS).
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E-commerce Market: http://www.grandviewresearch.com/industry-analysis/business-to-business-b2b-e-commerce-market
Depending on the budget and
scalability of a business, various options may be matched, customized and
tailored to best suit industry-specific needs. B2C experiences are largely
driving B2B e-commerce market demand. Security concerns and rise in the number
of internet frauds pose a challenge to industry participants. Regulatory
environment, especially those governing international payments, can act as
bottlenecks to the B2B e-commerce market. Key technologies deployed across B2B
e-commerce include EDI (Electronic Data Interchange), CRM (Customer
Relationship Management) and ERP (Enterprise Resource Planning).
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