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What is the US B2B market?

14 Jul 2022 By PAYCEC

A B2B Marketplace, at its most basic, is a digital platform that allows businesses to connect with other organizations and conduct business all in one location. B2B Marketplaces, like traditional B2C platforms, is where businesses buy and sell products in bulk.

Additional information:

Online sales on B2B eCommerce sites, log-in portals, and marketplaces increased 17.8% to $1.63 trillion in 2021, up from $1.39 trillion in 2020. In 2021, B2B eCommerce will have grown 1.17 times faster than total manufacturing and distributor sales in the United States.

According to analysts, B2B e-commerce sales accelerated in 2021 in large part because more business buyers and sellers now see digital commerce as a more efficient and effective way to research and purchase corporate goods and services.

In 2022 U.S. B2B Ecommerce Market Report examines how a new generation of digital buyers is permanently shifting their organizational purchasing online and explains step-by-step what you need to know to drive digital sales growth.

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