Posted By:Infra Bazaar
If projections have to be believed by 2020, the business-to-business (B2B) e-commerce industry in India is all set to grow at 2.5 times to touch Rs 45 lakh crore. Currently the industry is hovering at around Rs 20 lakh crore.
Worldwide the trends and forecast also fall on the similar lines. The B2B e-commerce segment will take a bigger leap than the B2C segment. Currently the global B2B e-commerce market is hovering around $2 trillion by 2015, which is almost twice the size of B2C market.
Projects say by 2020, global B2B market will reach up to $6.7 trillion which is almost four times from present size. Chirag Dagli, Director - E-commerce Strategies, Ecumen.in says “Countries like USA, China, and Japan have the highest share of B2B market as compared to B2C.
With the optimistic trends and forecast www.infrabazaar.com has forayed into this market methodology. B2B e-commerce portals will not only help buyers to have wide range products but also help them with price discovery. From buying construction material online to choosing the most suitable construction equipment online everything would fall into this gambit.
The market in India being extremely unorganized, makes it further more difficult to implement newer technologies and penetrate newer markets. Thinner profit margins, technology adaptation, taxation, logistics etc are going to be perennial issues are definitely going to plague this industry.
However, in terms of future potential, the B2B e-commerce segment and public market places would definitely lead the pack and could emerge as the biggest winner.