Ever since it was rebranded and relaunched from AmazonSupply in 2015, Amazon Business has been notoriously tight-lipped when it comes to sharing information about its financial performance. Amazon’s B2B marketplace has only shed light on its sales figures twice in that whole span — once in September 2018 when it announced the platform had surpassed $10 billion in annual sales, and again this past March when it said that figure had soared to $25 billion.
Well, a new estimate from subscription-based market research company eMarketer just released a recap of Amazon Business’ sales figures since its 2015 and a forecast for the next five years, and the numbers are staggering.
eMarketer predicts that Amazon Business will net $27.59 billion in 2021 total sales — up 43.5 percent over 2020, and a figure eMarketer says would represent 1.7 percent of total US B2B e-commerce sales.
Read it all at: Forecast: Amazon Business’ 2021 Sales Will Top $27 Billion | Industrial Distribution