Business-to-Business Electronic Industry Growth Expected to Reach $43.06 Billion by 2029 at a CAGR of 3.8% | Segmentation and Growth Opportunities

July 18, 2025 by The Business Research Company

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#What Is the Forecast for the Business-to-Business Electronic Market Growth in 2025?#_x000D_

In recent years, the size of the business-to-business electronic market has seen consistent growth. The market is projected to increase from $35.55 billion in 2024 to $37.07 billion in 2025, with a compound annual growth rate (CAGR) of 4.3%. Factors such as the influence of mobile technology, widespread use of the internet, emergence of early e-commerce platforms, adoption of EDI, integration of ERP systems, and the impact of globalization have contributed to the growth observed in the historic period._x000D_

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#What Is the Forecast for the Business-to-Business Electronic Market Size Through 2029?#_x000D_

The size of the business-to-business electronic market is predicted to steadily increase in the upcoming years, reaching a significant $43.07 billion in 2029 with a compound annual growth rate (CAGR) of 3.8%. Several factors contribute to this estimated expansion during the forecast period, including the rise of cloud-based solutions, the push for personalization, development of API economy, the broadening of e-procurement, and improved cybersecurity measures. In addition to these influences, major trends within the forecast period, such as data analytics and insights, service personalization, the use of blockchain for enhanced security, Internet of Things (IoT) applications, and an emphasis on user experience (UX) are anticipated to drive growth._x000D_

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#What are the Key Market Players in Business-to-Business Electronic Market and How They’re Evolving?#_x000D_

Major companies operating in the business-to-business electronic market include Walmart Inc., Amazon.com Inc., Alibaba Group Holding Limited, Rakuten Group Inc., Kelly’s Directories Ltd., MFG.com, Global Sources Trade Ltd., BusyTrade.com, Indiamart Intermesh Ltd., Hong Kong Trade Development Council, Tradekey Pvt Ltd., Made-in-China.com, EC21 Inc., DIYTrade.com, eworldtrade.com, Gasgoo International Co. Ltd., TradeIndia.com, EC Plaza Network Inc., ExportHub Inc., ChinaAseanTrade.com, Thomas Industrial Network Inc., Kompass India Information Private Limited, Taiwan External Trade Development Council, Eceurope Co._x000D_

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#What Are the Primary Growth Drivers in the Business-to-Business Electronic Market?#_x000D_

The rising tendency of companies embracing electronic or e-commerce platforms to establish an internet footprint is predicted to fuel the expansion of business-to-business electronics. These B2B electronic markets enable businesses to access a wider customer base, cut costs, and enhance efficiency through the automation of manual tasks. They also open up more avenues for manufacturers to work jointly with suppliers and distributors. For instance, in February 2023, Forbes Advisor a financial advice platform linked with the reputable business and financial publication Forbes, noted a significant acceleration in worldwide online sales. The data illustrates a climb from $5.21 trillion in 2021 to $5.71 trillion in 2022, with future estimates suggesting a potential jump to $8.14 trillion by 2026. Moreover, it’s expected that 20.8% of retail spends will be transacted online in 2023. Thus, the escalation in online sales on ecommerce platforms will persist in driving the growth of the B2B electronic market._x000D_

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#What Are the Leading Segments in the Global Business-to-Business Electronic Industry?#_x000D_

The business-to-business electronic market covered in this report is segmented –_x000D_

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1) By Deployment Type: Supplier-Oriented, Buyer-Oriented, Intermediary-Oriented_x000D_

2) By Application: Home And Kitchen, Consumer Electronics, Healthcare, Clothing, Beauty And Personal Care, Sports Apparels, Automotive, Other Applications_x000D_

3) By End Users: Network As A Service (NAAS), Data As A Service (DAAS), Storage As A Service (STAAS), Back-End As A Service (BAAS)_x000D_

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Subsegments:_x000D_

1) By Supplier-Oriented: Supplier Portals, E-Procurement Platforms, Catalog Management Systems_x000D_

2) By Buyer-Oriented: Buyer Portals, Direct Purchasing Platforms, Reverse Auctions_x000D_

3) By Intermediary-Oriented: B2B marketplaces, Trading Exchanges, E- market Platforms_x000D_

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#Which Industry Trends Are Shaping the Future of the Business-to-Business Electronic Market?#_x000D_

The establishment of proprietary B2B marketplaces by manufacturers to sell their products online and cater to the demand for speciality products is anticipated to become a significant trend in the B2B electronics sector. For example, in June 2022, Siemens AG, a German automation firm, launched Siemens Xcelerator. This open digital platform is engineered to foster digital transformation in various sectors, including buildings, grids, and mobility. It provides a scalable array of IoT-enabled hardware, software, and digital services, featuring products from Siemens and other third-party providers, supported by a growing partner network. The platform encourages cooperation via an expanding marketplace, and its cloud-based “as-a-service” model facilitates smooth hardware upgrades. The Siemens Xcelerator, by merging operational and information technology, aims to enhance the productivity and innovativeness of businesses worldwide._x000D_

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#What Is the Regional Outlook for the Business-to-Business Electronic Market?#_x000D_

Asia-Pacific was the largest region in the business-to-business electronic market in 2024. North America was the second-largest region in the global business-to-business electronic market share. The regions covered in the business-to-business electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_

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#This Report Delivers Insight On: #_x000D_

1. How big is the business-to-business electronic market, and how is it changing globally?_x000D_

2. Who are the major companies in the business-to-business electronic market, and how are they performing?_x000D_

3. What are the key opportunities and risks in the business-to-business electronic market right now?_x000D_

4. Which products or customer segments are growing the most in the business-to-business electronic market?_x000D_

5. What factors are helping or slowing down the growth of the business-to-business electronic market?_x000D_

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