By Digital
With operations in eight international locations, Amazon Enterprise has reached “greater than $10 billion in annualized gross sales,” Amazon.com Inc. stated in a weblog publish right this moment.
Amazon Enterprise launched in April 2015 and hit $1 billion in gross sales inside its first yr. It now operates in seven international locations along with the USA: The UK, Germany, France, Spain, Italy, Japan and India.
“Our clients vary from sole proprietors to massive enterprises with tens of hundreds of workers on a single account,” Amazon says. “We serve thousands and thousands of companies worldwide, together with hospitals, universities, Fortune 50 firms, authorities companies, daycares, eating places and extra.”
Amazon Enterprise has taken a number of steps to increase the vary of shopping for options, together with Enterprise Prime Delivery and the power for consumers to handle on-line workflow of buying approvals. It additionally integrates in dozens of e-procurement software program functions.
Third-party sellers on Amazon Enterprise account for greater than half of its gross sales, Amazon stated within the weblog publish.
{The marketplace} provides lots of of thousands and thousands of merchandise from lots of of hundreds of retailers who pay Amazon a fee on every sale, the corporate says.
Amazon’s foray into the B2B market challenges Staples Inc. and Costco Wholesale Corp., in addition to smaller specialty distributors. By 2020, 12.1% of that $9.39 trillion market shall be on-line, in keeping with Forrester Analysis Inc.
Amazon, which additionally conducts B2B gross sales within the Automotive & Industrial part of Amazon.com exterior of Amazon Enterprise, has loads of room to develop within the B2B market, trade analysts say. Colin Sebastian, a monetary analyst at R.W. Baird & Co., estimated in a notice right this moment that Amazon’s B2B gross sales will exceed $25 billion by 2021 and will ultimately surpass its retail gross sales. In a separate forecast, John Bruno, senior analyst masking B2B e-commerce at Forrester Analysis Inc., estimates that Amazon’s B2B gross sales will attain between $20 billion and $25 billion as early as subsequent yr. Amazon is listed as No. 1 within the Web Retailer High 1000.
Bloomberg Information contributed to this report.
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