In the U.S., B2B E-Commerce sales hit just under EUR 2 trillion in 2023

The latest report from yStats.com, titled “North America B2B Trends: E-Commerce, Payments & Marketplaces 2024,” provides a thorough analysis of B2B E-Commerce, B2B payments, and B2B E-Commerce marketplaces in North America. This comprehensive study explores significant growth trends in the B2B E-Commerce sector, shifting preferences in B2B payments, and the expanding influence of digital marketplaces across the region.

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U.S. B2B E-Commerce: Surge in Digital Transactions and Market Expansion

The U.S. B2B E-Commerce sector is experiencing remarkable growth. In 2023, B2B E-Commerce sales in the United States reached under EUR 2 trillion, more than doubling from levels seen in 2019.

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The Evolution of B2B Payments: Shifting Preferences and Digital Adoption

In the realm of B2B payments, the landscape is shifting. The report reveals that Automated Clearing House (ACH) payments are on track to become the dominant method in the U.S., surpassing traditional checks and cash. ACH transactions are projected to reach under EUR 16 trillion in 2024, highlighting a move towards more efficient and digital payment solutions.

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B2B Marketplaces: Current Trends and Future Projections

U.S. B2B E-Commerce marketplaces are rapidly growing, driven by advancements in AI, niche specialization, and a shift towards digital transactions. The sector is seeing increasing preference for online purchasing, with significant growth in marketplace sales. Amazon Business is a major player, leading the market with advanced features and a strong presence. Other notable platforms like Alibaba, Global Sources, Thomasnet, and eWorldTrade also contribute to the dynamic and evolving landscape of B2B marketplaces.

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