eCommerce News Roundup: B2B eCommerce to Top $6.7 Trillion

Facebook Twitter Google + LinkedIn

Richard Plant details the latest e-Commerce news, including eCommerce revenue forecasts for 2020, seasonal trends for 2015, the rise in female eCommerce entrepreneurs and Snapchat’s ‘secret’ project

B2B eCommerce to hit $6.7 Trillion by 2020

A recent report by Frost & Sullivan has forecast the revenue value of the B2B eCommerce network to reach $6.7 trillion by 2020, Consultancy UK has reported.

According to the report, eCommerce platforms supporting business trade will contribute 27% of the $25 trillion market by 2020.

In 2014, the UK eCommerce B2C market grew by 12% and now accounts for 24% of the retail spend.

Unsurprisingly, following the Alibaba float in 2014, China is expected to lead the B2B online market, followed by the US.

Four Seasonal Trends to Watch in 2015

It may be the summer holiday season for most of us, but those working in retail and eCommerce are already focused on the festive season.

Apple Watch

Jen Gray highlighted her four eCommerce tech trends to watch in 2015 in her recent eConsultancy blog. She lists:

  • Integrated wishlists – brands will make it easier to send a letter to Santa, or Mum, Dad, Aunty or Uncle, with integrated wishlists.
  • Receipt validation – Remarketing is king this season, as brands continue to offer more chances to win from receipt marketing
  • Apple Watch – Or others like it, will be top of many wish lists for 2015.
  • Mobile countdowns and geolocation – Mobile devices will tell people what’s on offer and where it’s available.

Female eCommerce Entrepreneurs On The Up

In eCommerce it seems the glass ceiling may actually have been shattered. Recent research from eBay has shown that the number of self-employed women in online retail has increased by 28% since 2010.

Business woman

What’s more, these online retailers are creating jobs. The research showed that 10% of female-founded eCommerce firms have employees, compared to just 2% of those founded by men.

The UK’s female-led eCommerce market is the fastest growing in Europe, outpacing France (17%), Italy (5%) and Germany (-2%) the data found.

Snapchat Working on ‘Secret’ eCommerce Product

Messaging startup Snapchat is looking to build on its eCommerce potential with a possible tie-up with Hearst Corporation, Mashable has reported. Details are sketchy at present, but are believed to involve Luke Crisell, a new Hearst hire, who has joined the team from womenswear retailer Aritzia.

This is not the first move into eCommerce from Snapchat. In May, it invested an undisclosed amount in Spring, a shopping app for iOS and Android.

How the new ‘Project’ will evolve remains to be seen, but it could expand upon the Snapchat Discover feature, which was launched in January.

More Online Retail News

Read last month’s e-Commerce news roundup: Magento Under Attack

Want to know how to choose a hosting solution, integrate SEO and customise your platform to create an e-Commerce website that converts? Download your free e-Commerce platform guide to learn from the experts.

Subscribe to our blog and get the latest industry-updates direct to your inbox