All businesses are moving towards online platforms to increase their growth and stability. People are surfing endless things on online websites or apps and want to save their time by doing things online as much as possible. From shopping to bookings, people require quick services.
The markets coming online is the best thing that happened to the customers. It has given a new pace to online business platforms. The future of the online B2B marketplace is very bright, which is why the e-commerce marketplaces are the top choices for corporate purchasing. Many B2B companies are collaborating with online B2B portals.
In the last few years, the B2B marketplace has noted considerable growth in the usage of online platforms. After the pandemic, people have started to switch their businesses online due to the market condition, and the external environment is still volatile. Companies are applying various strategies to make their business survive in these times.
The market value of B2B marketplace is estimated to grow at a CAGR of 32.6% within the period from 2020-2025. In a $1 trillion market where around 90-95% of the population depend on the neighborhood retail shops for sustenance, the call to strengthen the B2B marketplace has intensified, peculiarly due to the pandemic rendering the population dependent.
Many B2B platforms have emerged in these challenging times to support various businesses and add new growth to their business. Supplier4buyer has become the top B2B online selling platform. Companies have noticed significant growth after joining as a supplier on Supplier4buyer websites.
Later or sooner, every business has to come online and present their products to the world. People are waiting online to collect all the things they need. You can download the stats of emerging companies dealing with products online and delivering them to every corner of the world.
Talk about untapped potential, and B2B marketplace is the first to pop up. Realizing the capabilities of the B2B marketplace in India is ever more important due to many factors driving it forward- smartphones and internet penetration, improved digital payment options, digital transition, and pandemic-induced change. A substantial estimated increase in households relying on online transactions will be from 154 million in 2020 to 233 million in 2025, implying an increase in the market.
If you have any business and want to shift online, then go for easy collaboration with supplier4buyer. It has verified sellers and gets you access to a larger market share. You can easily explore the vast b2b market network. Get direct access to potential buyers on b2b portals. It is a great way to give wings to your online business. As a Company, b2b platforms can add new market techniques to traditional business models and add steady growth.