North America B2B Ecommerce Market 2022-2028: Lucrative Opportunities found in the Adoption of Augmented and Virtual Reality - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Oct 28, 2022--

The "North America B2B Ecommerce Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.

According to the publisher, the B2B eCommerce market in North America is estimated to garner a compound annual growth rate of 20.49% over the forecast years 2022 to 2028. The United States and Canada are examined in the region.

In Canada, the market's growth is primarily supported by high internet penetration rates and digitalization across industries. Numerous sectors are shifting from traditional to digital mode, which has boosted business-to-business online platforms. As per estimates, the number of eCommerce users is anticipated to surge exponentially by 2025, accounting for around 77.6% of the total population. Presently, a significant number of business owners reported making online purchases. Therefore, such development accelerates the B2B eCommerce market across Canada.

On the other hand, players are launching their business-to-business portals, attracting more digital buyers. For instance, H2 Brands Group launched its B2B site on Unilog. Another company, Keysight Technologies Inc, established its B2B site to simplify the process of buying its solutions. These efforts by companies influence other business owners to opt for digital space to gain a competitive edge. Thus, these factors are contributing to the business-to-business eCommerce market's overall development.

Market Dynamics

Market Drivers

• Growth in Online Orders
• Technological Advancements and Developments
• Ease and Adoption of Different Payment Modes

Market Challenges

• Concerns Regarding Data Privacy and Security
• Need for High Investments

Market Opportunities

• Adoption of Social Commerce
• Adoption of Augmented and Virtual Reality

Key Topics Covered:

1. North America B2B Ecommerce Market - Summary

2. Industry Outlook

3. North America B2B Ecommerce Market Outlook - by Product Type

4. North America B2B Ecommerce Market Outlook - by Payment Mode

5. North America B2B Ecommerce Market - Country Outlook

6. Competitive Landscape

7. Research Methodology & Scope

Companies Mentioned

• Alibaba Group Holding Ltd
• Amazon Inc
• Chinaaseantrade.Com
• Diy Trade
• Ebay Inc
• Ec21
• Eworldtrade
• Flexfire Leds
• Flipkart
• Indiamart Intermesh Ltd.
• Kompass
• Msc Industrial Direct
• Global Sources
• Quill Corporation
• Thomasnet

For more information about this report visit https://www.researchandmarkets.com/r/st2j3s

View source version on businesswire.com:https://www.businesswire.com/news/home/20221028005362/en/

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SOURCE: Research and Markets

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