Amazon's B2B segment could be the e-tailer's most lucrative business - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Amazon Business may be key to Amazon's future retail growth since it already dominates B2C e-commerce and may have trouble growing its share much further:

And with B2B sales estimated to be worth $7.37 trillion in the US in 2018, there's a large opportunity for Amazon Business to pick up more sales as the marketThere are several reasons why Amazon Business might succeed in the B2B e-commerce market in the near future:

Amazon Business is estimated to already be growing faster than other key Amazon segments. RBC analyst Mark Mahaney estimated that Amazon Business' compound annual growth rate over three years is 115%, which is far faster than Amazon's retail business' performance of 28% and Amazon Web Services' 48% improvement over the same period, per CNBC.

Amazon's made a number of enhancements to its B2B offering that may make it more attractive to firms. It has added

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon is releasing a voice transcription tool to tackle doctors' note-taking burdens - Business InsiderAmazon Web Services released a voice transcription tool that transcribes doctor-patient conversations and inputs them directly into patients' records. American Medical Association Leaves Coalition Fighting 'Medicare for All'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon says its Nitro tech makes its cloud superior to Microsoft Azure - Business InsiderAmazon thinks its cloud is 'objectively superior' to Microsoft's because it has a custom chip called Nitro. Here's everything Amazon says the Pentagon missed with JEDI. Pied Piper
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon-like experience in smart cities could be future of government - Business InsiderWashington DC CTO Lindsey Parker discussed a future system where residents of a city can interact with different government agencies in one place.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon needs to stay ahead of competition from Microsoft, analysts say - Business InsiderAmazon Web Services says it cares about customers more than competition, but experts say Microsoft's 'aggressive front' is forcing it to react
Source: BusinessInsider - 🏆 729. / 51 Read more »