India’s ‘eb2b’ market estimated to be $90,100 billion by 2030 redseer – India’s ‘eb2b’ market estimated to be $90,100 billion by 2030 redseer

India’s ‘eb2b’ market estimated to be $90,100 billion by 2030 redseer – India’s ‘eb2b’ market estimated to be $90,100 billion by 2030 redseer
India’s ‘eb2b’ market estimated to be $90,100 billion by 2030 redseer – India’s ‘eb2b’ market estimated to be $90,100 billion by 2030 redseer
Mumbai, Aug 31 (PTI) The EB2B market in India is expected to grow to $90-100 billion by 2030 in terms of gross merchandise value due to deepening penetration in India and several other positive factors. By 2021 it was worth $50 billion. This has been estimated in a report.

The report by strategy consulting firm RedSeer estimated that general B2B (between companies) retail business opportunities in India will also grow to $1,200 billion by 2030, with the ‘EB2B’ sector accounting for eight percent.

It said that EB2B has ‘captured’ a significant share in the (offline) markets and retailers expect it to grow further. This is because 50 percent of non-users may turn to such forums in the coming days.

Redseer said that brands are adopting EB2B to make inroads in such markets which have not yet been properly accessible. They are either adding it to their existing distribution network or replacing non-dominant traditional distributors with EB2B.

Mrigank Gutgutia, Partner, Redseer Strategy Consultants said, “Retailers, brands and manufacturers have realized the potential of the EB2B market. EB2B is also helpful in providing solutions to daily business problems to retailers and brands.

“EB2B is projected to grow to $90-100 billion in terms of gross business value by 2030,” he said.

The article is in Hindi

Tags: Indias eb2b market estimated billion redseer Indias eb2b market estimated billion redseer

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