E-commerce B2B juggernaut Amazon Business has surpassed $25B in worldwide annualized gross merchandise sales, approximately half of which are from third-party sellers.
The B2B portion of Amazon is on track to rival its B2C component in terms of sales, providing significant opportunities for third-party B2C retailers.
While it took seven years for Amazon’s consumer sales to increase from $1B to $10B annually, Amazon Business reached the $10B mark within its first year. Further, it took another three years for Amazon’s retail sales to reach $25B. By comparison, Amazon Business reached that volume in just five years.