Report commissioned by B2B Next show that 2018/19 is ripe for growth.
In the run-to to the B2B Next conference in USA this September, event organiser B2B Next commissioned a study into trends for the B2B e-commerce industry. The report showed that, at time of press (June 2018), the overall B2B e-commerce market is approximately $900 billion and is on track to account for $1.1 trillion by 2021. This growth towards 2021 is fueled by the fact that current uptake on B2B e-commerce is less than 50% today but is predicted to rise to 70% within the next two years. In addition, 80% of those surveyed said that they planned to increase spending on B2B e-commerce in 2018.