Growing Trend of B2B e-Commerce in our World Today Research - 550 Words

Growing Trend of B2B e-Commerce in our World Today Research (Essay Sample) Content: Global Trends in B2B E-CommerceNameInstitution Global Trends in B2B E-CommerceEcommerce has been a continuous activity in the internationals market. The growth of business-to-business (B2B) ecommerce is rapid. According to forecasts, it is likely to rise by twenty percent to hit $1.5trillion mark within the year. In the year 2012, e-commerce was estimated at $1trillion (International Trade Center, 2015). With the huge increase, most business men and women are trying their luck by creating an online shop. The markets profits and the market shifts offer fresh and unexplored opportunities. Some of the trends that are emerging as a result of B2B E-commerce are fast growth of internet usage, increased use of mobile devices and introduction of free shipping.Internet usage is growing at a very fast rate. Between 1993-1997 the number of computers connected to the internet (internet hosts) rose from one million to twenty million. By the year 2001, the number had risen to one h undred and twenty million (International Trade Center, 2015). Businesses are finding it easier to sell, advertise and communicate through the internet than any other mode of communication. Approximately one in ten ecommerce dollars is used through mobile devices. Mobile is a trend in ecommerce that every business has to be fast to react to it. Venture capital investors, companies, industries and innovators main figures have shifted most of their attention towards mobile. Businesses are making sure that their online shops are mobile friendly. Owing to the competitive market in the global ecommerce, most manufacturers are offering free shipping to their business customers so as to try and entice them. This is a trend that is likely to continue with the stiff market in the international market. Owing to the trends that are emerging each day in the E-commerce world, it is likely that competition among businesses will continue. In order for businesses to remain competitive in the industr y, they are required to part with special offers that will help entice their customers. As long as a business wants to remain relevant, it is compelled to give the offers which should be better than those of their competitors. This trend helps in maintaining a competition among business, thus, a long term advantage on ...