Current estimation published by Forrester states that the sales of B2B e-commerce is predicted to be reach $1 trillion by the year 2020. This is based on the evaluations of progress of e-commerce market. Even it was found that manufacturers and wholesalers are the two industries that are generating the majority of the market growth.
With the help of B2B e-commerce, it has become possible for everyone to give the wider reach for their products. It has become possible for businesses to buy goods according to their needs and wants and this is not only possible at company’s official website but can also purchase goods from different software platforms depending on the marketplaces and networks online.
E-commerce is the key for the unlock the development in the present market. Because of development, advancement and revolution in eCommerce industry, the market has been played the vital role to gain the public attention. This has resulted in the enhancement of accessibility and availability of the products. Because of the revolutionary changes in the due time, people are able to get their products at their doorsteps without worrying about their location.
Reasons why advanced technology is driving B2B eCommerce
Advancement in the technology offers complete end-to-end e-commerce compatibilities to customers and companies. The is advantageous for both company and the customer. This point drives the revolution in the market.
Advancement of technology in the devices offers complete access to source the different products from one specific location instead of going to different vendors. This makes the process less complicated and saves time and efforts.
It is possible for modern tech devices to give the assurance of competition of wholesale prices for everyone. This does not affect the quality of the product badly but in fact makes that the quality of the products that are being sold on the platform will be perfect so that it can be used with its best potential.
Modern technology allows the companies to cut product costs that are purchased and reduces the inventory levels and benefits in improving the market speed for the product dealers or retailers.
Since the inception of B2B e-commerce market, there has been major player and have played important role in the overall progress of our e-commerce marketplace. We can consider Amazon, Flipkart etc. for some of the successful B2B e-commerce platforms.
When comes to gadgets, availability and accessibility becomes of the most common concerns for the people. Though technology has reached a level where we can easily enjoy the presence of advanced device features at our home, the accessibility of the product has been a major concern. However, this concern is less complicated with the popularity of the modern tech devices.
This opportunity allows everyone to get approach to all different kinds of devices in their area. More and more brands are integrating with the modern tech devices that makes convenient for the customers. Most importantly, modern tech devices are available for the customers that allows people to get everything they need in their device. In short, it allows customers to get the complete access of the customized device that fulfills their requirements as per their expectations.