SlideShare a Scribd company logo
1 of 9
Download to read offline
An Oracle White Paper
February 2012



2012 B2B E-Commerce Survey:
Results and Trends
2012 B2B E-Commerce Survey: Results and Trends




Introduction

Although business to consumer (B2C) gets a lot of attention for being on the “sexy” side of e-
commerce, 2010 U.S. Census data shows estimates for business to business (B2B) revenue
transacted online—not through electronic data interchange (EDI)—at approximately US$300
billion. Compare that with almost $200 billion in retail transactions, and the B2B commerce
story suddenly becomes more interesting. Additionally, with 50 percent more revenue than
retail—according to a 2011 B2B online survey—the adoption among B2B entities of
e-commerce has just begun, with only 25 percent of the B2B companies represented having
an e-commerce site and significantly less than that having a site that is current. B2B
e-commerce transactions are also more complex. Most involve more than two decision-
makers, but 28 percent have five or more decision-makers involved in the process.


All this data points to the fact that the next decade will be an innovative and demanding one for
B2B e-commerce. With this landscape in mind, this white paper publishes the results from a
2011 survey of B2B e-commerce professionals and provides insight into key trends and areas
of investment for building an online presence.




                                                                                                           1
2012 B2B E-Commerce Survey: Results and Trends




About the Survey
In November 2011, Endeca (acquired by Oracle in February 2012) conducted a survey to help B2B
e-commerce professionals benchmark their upcoming plans and strategies against those of their peers
at similar organizations. This annual survey reviews what has changed strategically within B2B
e-commerce initiatives in the previous 12 months and what has remained a constant area of focus. The
results represent input from business as well as IT professionals and provide visibility into planned
areas of investment in 2012 and beyond.
Responses were gathered from more than 120 professionals, of whom 50 percent represented business
teams and 50 percent represented technical teams. In terms of authority, 53 percent of the respondents
were at a managerial level; 25 percent director level; 10 percent executive level; and 12 percent senior
executive level, such as CIO or SVP. Industry segments surveyed included industrial, electronics,
maintenance and repair, office supplies, high tech, and chemical.


Mobile Jumps in Strategic Importance for B2B E-Commerce
Three key observations stood out from the 2012 survey data:
•   The B2B online catalog and direct sales force continue to be key channels used by
    customers for decision-making—but mobile jumped more than 10 percent in 2012 to the #3
    spot. When asked which top three available channels customers use most to make decisions,
    respondents highlighted the online catalog as the #1 tool used (93 percent), followed closely by the
    direct sales channel (70 percent), with mobile Web jumping more than 10 percent, to 24.5 percent,
    from 2011 as the third-most-influential channel in B2B e-commerce.
•   Key retail tools and best practices for influencing revenue in the last 12 months continued to
    be personalization, the online catalog, and search engine optimization (SEO)—with mobile
    jumping again, more than 20 percent, to the #4 spot, just below paid search advertising. As
    in 2011, the top three retail tools or practices influencing B2B revenue most were identified as
    personalization capabilities (69 percent in 2012, versus 68 percent in 2011), the online catalog (64
    percent in both 2012 and 2011), and SEO (58 percent in 2012, versus 60 percent in 2011). The
    biggest change—again—was mobile, which lagged in second-to-last place in 2011, with barely 5
    percent, but jumped to more than 26 percent in 2012.
•   B2B e-commerce organizations still have a laser focus on boosting SEO, developing robust
    product content, and maintaining consistency across channels but take a more strategic
    view of mobile. The majority of the respondents in the 2012 survey (37 percent to 40 percent each)
    identified SEO, leveraging product content and data across channels, and developing and managing
    more-robust product information as the top areas of focus for 2012. This was nearly identical to the
    2011 responses. What stands out is that mobile outpaced conversion rates, self-service, portals, and
    offer targeting—jumping from a meager 5 percent in 2011 to 35 percent in 2012.




                                                                                                            2
2012 B2B E-Commerce Survey: Results and Trends




Mobile jumped to the third-most-influential touchpoint for B2B customers:
#1. Online catalog (93 percent)
#2. Direct sales (70 percent)
#3. Mobile Web (24.5 percent)




Mobile, Not Surprisingly, Is a Key B2B Trend
In 2010 and 2011, B2B businesses all came to terms with the fact that their customers were changing
and that daily, at-home experiences with various consumer technologies—from checking stocks to
grocery shopping—would rapidly change customer expectations of their B2B experiences online. From
simply researching large purchases through user reviews and video demonstrations (if only to conduct
the final transaction in-store) to multichannel information consumption (simultaneously reading user
reviews of a product while physically in a store aisle), as the chart below illustrates, 80 percent of the
surveyed B2B professionals (versus 70 percent in 2011) agreed or strongly agreed that their customers’
expectations mirror at-home consumer practices.

In the past 12 months, have you seen customer expectations change because of B2C retail
experience (online and offline)?




Figure 1. Few B2B professional disagree that their customers’ expectations are leaning toward B2C functionality.

With more-B2C-like capabilities now representing mere table stakes in the B2B e-commerce
experience, it is not surprising that mobile moved to the priority list over the last 12 months.
Although personalization capabilities, the online catalog, and SEO influence customers the most—
mobile climbed from second-to-last place (5 percent) in 2011 to more than 26 percent in 2012.




                                                                                                                   3
2012 B2B E-Commerce Survey: Results and Trends




What top three retail capabilities and practices influence revenue the most?




Figure 2. Extreme personalization (custom catalogs, microsites) persuades customers most heavily, followed closely
by the online catalog and search engine optimization (SEO). Mobile, although not a top influencer, jumped more than
20 percent from 2011 to take the #5 spot.

Responses to all the survey questions align with the trend toward increased attention to and investment
in B2B mobile. Asked which top three available touchpoints customers use to make decisions,
respondents highlighted the same top three touchpoints as in 2011: online catalog as the #1 tool (93
percent), followed closely by the direct sales channel (75 percent)—with mobile Web jumping 10
percent (to 24.5 percent) from 2011 as the third-most-influential touchpoint in B2B e-commerce.


Respondents project B2B mobile commerce spending to increase in 2012. In contrast to attention to and investment in the
past 12 months, a new area of focus on mobile site and app development and strategy has appeared on the radar of B2B
e-commerce organizations.




                                                                                                                           4
2012 B2B E-Commerce Survey: Results and Trends




In what technologies have you invested in the last 12 months?




Figure 3. Although mobile ranks higher on the priority list in 2012, B2B e-commerce organizations don’t seem to have
thrown significant budget at technology to support mobile yet. Expect to see heavier investment in the coming months.

In contrast to attention and investment in the past 12 months, B2B e-commerce organizations
continue the trend we saw in 2011, with top investment areas focusing on SEO, managing and
leveraging product content across channels, and developing more-robust product content—with new
areas of focus on mobile site and application development and strategy.




                                                                                                                   5
2012 B2B E-Commerce Survey: Results and Trends




Where will you invest in the coming 12 months?




Figure 4. The year 2012 shows a new area of focus on mobile site and application development and strategy. Mobile
jumps from hardly any investment focus in 2011 to nearly tie with the top three investment areas.

The bottom line: mobile is no longer just the concern of B2C brands launching the next cool
consumer app. For top B2B brands, mobile is now a core piece of the customer experience, generating
value and utility for the direct sales force and customers.


Complexity Continues to Dominate the B2B Channel Equation
B2B commerce organizations have always operated in a complex multichannel world. What the 2012
survey data points to is that engaging customers in that world remains increasingly complex.
Companies responding to the survey continue to operate in an average of seven different languages
and often in more than 100 distinct geographies.




                                                                                                                 6
2012 B2B E-Commerce Survey: Results and Trends




What business models does your company use?




Figure 5. Nearly 50 percent of the respondents use at least two business models, and more than 15 percent use all.

In addition to the requirements of language and geographic diversity, B2B companies continue to
support a broader range of business models globally. Results of the 2012 survey show that B2B
business models can range from pure B2C (.com sites) and pure B2B (large wholesale account sites for
dealers) operations to more-complex B2B2B models (multiple dealer/distributor portals) and B2B2C
(extranets, portals, consumer shops). In some cases, all the models listed in Figure 5 are part of their
business profile.


Conclusion
In 2012 and beyond, the most-effective B2B e-commerce initiatives will be those that enable
organizations to successfully use the right technologies in concert to engage customers and enhance
their decision-making abilities across all touchpoints. Cross-channel customer experience management
is on the brink of a new era in B2B. Digital channels have become the dominant medium for
influencing decision-making and building a stronger relationship between the brand and the end
customer. The sheer numbers of devices that consumers have at their disposal and the types of
interactions they expect create a challenging but exciting opportunity for customer experience
professionals—from marketers to merchandisers and media moguls—to chart their course for
optimizing customer experiences. Delivering a consistent experience across all channels and
touchpoints is the new challenge for B2B e-commerce organizations.

Contact Us
For more information about Oracle Endeca Web commerce solutions, visit oracle.com/webcommerce
or call +1.800.ORACLE1 to speak to an Oracle representative.




                                                                                                                   7
2012 B2B E-Commerce Survey:   Copyright © 2012, Oracle and/or its affiliates. All rights reserved. This document is provided for information purposes only and the
Results and Trends            contents hereof are subject to change without notice. This document is not warranted to be error-free, nor subject to any other
February 2012                 warranties or conditions, whether expressed orally or implied in law, including implied warranties and conditions of merchantability or
                              fitness for a particular purpose. We specifically disclaim any liability with respect to this document and no contractual obligations are
Oracle Corporation
                              formed either directly or indirectly by this document. This document may not be reproduced or transmitted in any form or by any
World Headquarters
                              means, electronic or mechanical, for any purpose, without our prior written permission.
500 Oracle Parkway
Redwood Shores, CA 94065
                              Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
U.S.A.

Worldwide Inquiries:          Intel and Intel Xeon are trademarks or registered trademarks of Intel Corporation. All SPARC trademarks are used under license and
Phone: +1.650.506.7000        are trademarks or registered trademarks of SPARC International, Inc. AMD, Opteron, the AMD logo, and the AMD Opteron logo are
Fax: +1.650.506.7200          trademarks or registered trademarks of Advanced Micro Devices. UNIX is a registered trademark licensed through X/Open
                              Company, Ltd. 0212
oracle.com

More Related Content

What's hot

Understanding Customer Behavior On Mobile Devices
Understanding Customer Behavior On Mobile DevicesUnderstanding Customer Behavior On Mobile Devices
Understanding Customer Behavior On Mobile DevicesTealeaf, an IBM Company
 
For Effective Digital Banking Channels, Put Customers First (Part II of III)
For Effective Digital Banking Channels, Put Customers First (Part II of III)For Effective Digital Banking Channels, Put Customers First (Part II of III)
For Effective Digital Banking Channels, Put Customers First (Part II of III)Cognizant
 
Why digital-will-become-the-primary-channel-for-b2 b-engagement
Why digital-will-become-the-primary-channel-for-b2 b-engagementWhy digital-will-become-the-primary-channel-for-b2 b-engagement
Why digital-will-become-the-primary-channel-for-b2 b-engagementCMR WORLD TECH
 
Forrester Predictions 2021
Forrester Predictions 2021Forrester Predictions 2021
Forrester Predictions 2021Kirk Go
 
Mastering Code Halos Using Digital Insights to Drive Customer Experiences
Mastering Code Halos Using Digital Insights to Drive Customer ExperiencesMastering Code Halos Using Digital Insights to Drive Customer Experiences
Mastering Code Halos Using Digital Insights to Drive Customer ExperiencesCognizant
 
Smarter Commerce: Transforming for a Customer Centric World
Smarter Commerce: Transforming for a Customer Centric WorldSmarter Commerce: Transforming for a Customer Centric World
Smarter Commerce: Transforming for a Customer Centric WorldInternetEvolution
 
Accenture cio-2013-mobility-survey
Accenture cio-2013-mobility-surveyAccenture cio-2013-mobility-survey
Accenture cio-2013-mobility-surveyMillennial Mobility
 
Authoring a Brand's Online Reputation
Authoring a Brand's Online ReputationAuthoring a Brand's Online Reputation
Authoring a Brand's Online ReputationCognizant
 
Winning the Content Wars: A Playbook for Today’s Content Providers
Winning the Content Wars: A Playbook for Today’s Content ProvidersWinning the Content Wars: A Playbook for Today’s Content Providers
Winning the Content Wars: A Playbook for Today’s Content ProvidersCognizant
 
Whitepaper_E_Customer centricity the survival strategy for Japanese lenders
Whitepaper_E_Customer centricity the survival strategy for Japanese lendersWhitepaper_E_Customer centricity the survival strategy for Japanese lenders
Whitepaper_E_Customer centricity the survival strategy for Japanese lendersArup Das
 
AGC-Changing-Consumer-Shopping-Experience-Jan-2015
AGC-Changing-Consumer-Shopping-Experience-Jan-2015AGC-Changing-Consumer-Shopping-Experience-Jan-2015
AGC-Changing-Consumer-Shopping-Experience-Jan-2015Linda Gridley
 
Brightcove Whitepaper - B2B Content Marketing 2012
Brightcove Whitepaper -  B2B Content Marketing 2012Brightcove Whitepaper -  B2B Content Marketing 2012
Brightcove Whitepaper - B2B Content Marketing 2012M. Kıvanç Önder
 
The Sharing Economy: Implications for Property & Casualty Insurers
The Sharing Economy: Implications for Property & Casualty InsurersThe Sharing Economy: Implications for Property & Casualty Insurers
The Sharing Economy: Implications for Property & Casualty InsurersCognizant
 
Data trends redefine leading brands
Data trends redefine leading brandsData trends redefine leading brands
Data trends redefine leading brandsDmytro Lysiuk
 
State of Digital Transformation 2014
State of Digital Transformation 2014State of Digital Transformation 2014
State of Digital Transformation 2014Rajkumar Seo
 
Taking friction out of banking white paper - US
Taking friction out of banking white paper - USTaking friction out of banking white paper - US
Taking friction out of banking white paper - USNils Mork-Ulnes
 
Buyersphere 2013
Buyersphere 2013Buyersphere 2013
Buyersphere 2013Hamlet B2B
 
Taking friction out of banking white paper - UK
Taking friction out of banking white paper - UKTaking friction out of banking white paper - UK
Taking friction out of banking white paper - UKNils Mork-Ulnes
 

What's hot (19)

Understanding Customer Behavior On Mobile Devices
Understanding Customer Behavior On Mobile DevicesUnderstanding Customer Behavior On Mobile Devices
Understanding Customer Behavior On Mobile Devices
 
For Effective Digital Banking Channels, Put Customers First (Part II of III)
For Effective Digital Banking Channels, Put Customers First (Part II of III)For Effective Digital Banking Channels, Put Customers First (Part II of III)
For Effective Digital Banking Channels, Put Customers First (Part II of III)
 
Why digital-will-become-the-primary-channel-for-b2 b-engagement
Why digital-will-become-the-primary-channel-for-b2 b-engagementWhy digital-will-become-the-primary-channel-for-b2 b-engagement
Why digital-will-become-the-primary-channel-for-b2 b-engagement
 
Forrester Predictions 2021
Forrester Predictions 2021Forrester Predictions 2021
Forrester Predictions 2021
 
Mastering Code Halos Using Digital Insights to Drive Customer Experiences
Mastering Code Halos Using Digital Insights to Drive Customer ExperiencesMastering Code Halos Using Digital Insights to Drive Customer Experiences
Mastering Code Halos Using Digital Insights to Drive Customer Experiences
 
Smarter Commerce: Transforming for a Customer Centric World
Smarter Commerce: Transforming for a Customer Centric WorldSmarter Commerce: Transforming for a Customer Centric World
Smarter Commerce: Transforming for a Customer Centric World
 
Accenture cio-2013-mobility-survey
Accenture cio-2013-mobility-surveyAccenture cio-2013-mobility-survey
Accenture cio-2013-mobility-survey
 
Authoring a Brand's Online Reputation
Authoring a Brand's Online ReputationAuthoring a Brand's Online Reputation
Authoring a Brand's Online Reputation
 
Winning the Content Wars: A Playbook for Today’s Content Providers
Winning the Content Wars: A Playbook for Today’s Content ProvidersWinning the Content Wars: A Playbook for Today’s Content Providers
Winning the Content Wars: A Playbook for Today’s Content Providers
 
Whitepaper_E_Customer centricity the survival strategy for Japanese lenders
Whitepaper_E_Customer centricity the survival strategy for Japanese lendersWhitepaper_E_Customer centricity the survival strategy for Japanese lenders
Whitepaper_E_Customer centricity the survival strategy for Japanese lenders
 
AGC-Changing-Consumer-Shopping-Experience-Jan-2015
AGC-Changing-Consumer-Shopping-Experience-Jan-2015AGC-Changing-Consumer-Shopping-Experience-Jan-2015
AGC-Changing-Consumer-Shopping-Experience-Jan-2015
 
Brightcove Whitepaper - B2B Content Marketing 2012
Brightcove Whitepaper -  B2B Content Marketing 2012Brightcove Whitepaper -  B2B Content Marketing 2012
Brightcove Whitepaper - B2B Content Marketing 2012
 
The Sharing Economy: Implications for Property & Casualty Insurers
The Sharing Economy: Implications for Property & Casualty InsurersThe Sharing Economy: Implications for Property & Casualty Insurers
The Sharing Economy: Implications for Property & Casualty Insurers
 
Data trends redefine leading brands
Data trends redefine leading brandsData trends redefine leading brands
Data trends redefine leading brands
 
State of Digital Transformation 2014
State of Digital Transformation 2014State of Digital Transformation 2014
State of Digital Transformation 2014
 
Creating a seamless customer experience
Creating a seamless customer experienceCreating a seamless customer experience
Creating a seamless customer experience
 
Taking friction out of banking white paper - US
Taking friction out of banking white paper - USTaking friction out of banking white paper - US
Taking friction out of banking white paper - US
 
Buyersphere 2013
Buyersphere 2013Buyersphere 2013
Buyersphere 2013
 
Taking friction out of banking white paper - UK
Taking friction out of banking white paper - UKTaking friction out of banking white paper - UK
Taking friction out of banking white paper - UK
 

Viewers also liked

слайд шоу 2мш
слайд шоу 2мшслайд шоу 2мш
слайд шоу 2мшositnyanko
 
16483 career management_young
16483 career management_young16483 career management_young
16483 career management_youngRahul Jha
 
Activity生命週期、資料傳遞
Activity生命週期、資料傳遞Activity生命週期、資料傳遞
Activity生命週期、資料傳遞Tzyy Chau Yu
 
2011 Global Social Work Student Conference - Silver School of Social Work – N...
2011 Global Social Work Student Conference - Silver School of Social Work – N...2011 Global Social Work Student Conference - Silver School of Social Work – N...
2011 Global Social Work Student Conference - Silver School of Social Work – N...IFSW
 
FM Contractor failure in PPP projects
FM Contractor failure in PPP projectsFM Contractor failure in PPP projects
FM Contractor failure in PPP projectsEuanPirie
 

Viewers also liked (6)

Six basic needs
Six basic needsSix basic needs
Six basic needs
 
слайд шоу 2мш
слайд шоу 2мшслайд шоу 2мш
слайд шоу 2мш
 
16483 career management_young
16483 career management_young16483 career management_young
16483 career management_young
 
Activity生命週期、資料傳遞
Activity生命週期、資料傳遞Activity生命週期、資料傳遞
Activity生命週期、資料傳遞
 
2011 Global Social Work Student Conference - Silver School of Social Work – N...
2011 Global Social Work Student Conference - Silver School of Social Work – N...2011 Global Social Work Student Conference - Silver School of Social Work – N...
2011 Global Social Work Student Conference - Silver School of Social Work – N...
 
FM Contractor failure in PPP projects
FM Contractor failure in PPP projectsFM Contractor failure in PPP projects
FM Contractor failure in PPP projects
 

Similar to B2b ecommerce-trends-2012-1503041

Customer Experience Trends 2011
Customer Experience Trends 2011Customer Experience Trends 2011
Customer Experience Trends 2011Erik Posthuma
 
IAB - 2012 année du développement de la pub sur mobile
IAB - 2012 année du développement de la pub sur mobileIAB - 2012 année du développement de la pub sur mobile
IAB - 2012 année du développement de la pub sur mobileDenis Verloes
 
Current Trends with Inbound Marketing and Social Media
Current Trends with Inbound Marketing and Social MediaCurrent Trends with Inbound Marketing and Social Media
Current Trends with Inbound Marketing and Social MediaMerrigan Group LLC
 
110405 e biz_resultspres_v4_short_jc
110405 e biz_resultspres_v4_short_jc110405 e biz_resultspres_v4_short_jc
110405 e biz_resultspres_v4_short_jcacross_health
 
Mobile innovation & The next step in Multichannel Commerce
Mobile innovation & The next step in Multichannel CommerceMobile innovation & The next step in Multichannel Commerce
Mobile innovation & The next step in Multichannel CommerceMarcel Schut
 
Mobile Goes Mainstreet: Consumers Lead the Way — Key Trends and Investment Op...
Mobile Goes Mainstreet: Consumers Lead the Way — Key Trends and Investment Op...Mobile Goes Mainstreet: Consumers Lead the Way — Key Trends and Investment Op...
Mobile Goes Mainstreet: Consumers Lead the Way — Key Trends and Investment Op...Linda Gridley
 
E commerce industry future and the valuation bubble
E commerce industry future and the valuation bubbleE commerce industry future and the valuation bubble
E commerce industry future and the valuation bubbleSHATAKSHI TRIPATHI
 
Liane Dietrich Opening Remarks at PMI NYC
Liane Dietrich Opening Remarks at PMI NYCLiane Dietrich Opening Remarks at PMI NYC
Liane Dietrich Opening Remarks at PMI NYCPerformanceIN
 
Mobile Business Forecast for Marketers
Mobile Business Forecast for MarketersMobile Business Forecast for Marketers
Mobile Business Forecast for MarketersAntenna Software
 
eCommerce trends 2019 by Divante.co
eCommerce trends 2019 by Divante.coeCommerce trends 2019 by Divante.co
eCommerce trends 2019 by Divante.coDivante
 
Horizon Partners Q4 2013 Newsletter
Horizon Partners Q4 2013 NewsletterHorizon Partners Q4 2013 Newsletter
Horizon Partners Q4 2013 Newsletterhorizonpartners
 
Horizon Partners Newsletter 2013-11-22
Horizon Partners Newsletter 2013-11-22Horizon Partners Newsletter 2013-11-22
Horizon Partners Newsletter 2013-11-22Tyson Hendricksen
 
Horizon Partners Q3 2013 Newsletter
Horizon Partners Q3 2013 NewsletterHorizon Partners Q3 2013 Newsletter
Horizon Partners Q3 2013 Newsletterhorizonpartners
 
Horizon Partners Q3 2013 Newsletter
Horizon Partners Q3 2013 NewsletterHorizon Partners Q3 2013 Newsletter
Horizon Partners Q3 2013 Newsletterhorizonpartners
 

Similar to B2b ecommerce-trends-2012-1503041 (20)

Omid aminzadeh b2 b versus b2c
Omid aminzadeh   b2 b versus b2cOmid aminzadeh   b2 b versus b2c
Omid aminzadeh b2 b versus b2c
 
Customer Experience Trends 2011
Customer Experience Trends 2011Customer Experience Trends 2011
Customer Experience Trends 2011
 
IAB - 2012 année du développement de la pub sur mobile
IAB - 2012 année du développement de la pub sur mobileIAB - 2012 année du développement de la pub sur mobile
IAB - 2012 année du développement de la pub sur mobile
 
Current Trends with Inbound Marketing and Social Media
Current Trends with Inbound Marketing and Social MediaCurrent Trends with Inbound Marketing and Social Media
Current Trends with Inbound Marketing and Social Media
 
10 Marketing Trends to Watch in 2011
10 Marketing Trends to Watch in 201110 Marketing Trends to Watch in 2011
10 Marketing Trends to Watch in 2011
 
110405 e biz_resultspres_v4_short_jc
110405 e biz_resultspres_v4_short_jc110405 e biz_resultspres_v4_short_jc
110405 e biz_resultspres_v4_short_jc
 
Jesse Catlin
Jesse CatlinJesse Catlin
Jesse Catlin
 
Mobile innovation & The next step in Multichannel Commerce
Mobile innovation & The next step in Multichannel CommerceMobile innovation & The next step in Multichannel Commerce
Mobile innovation & The next step in Multichannel Commerce
 
IAB B2B Market Snapshot 2011
IAB B2B Market Snapshot 2011IAB B2B Market Snapshot 2011
IAB B2B Market Snapshot 2011
 
Mobile Goes Mainstreet: Consumers Lead the Way — Key Trends and Investment Op...
Mobile Goes Mainstreet: Consumers Lead the Way — Key Trends and Investment Op...Mobile Goes Mainstreet: Consumers Lead the Way — Key Trends and Investment Op...
Mobile Goes Mainstreet: Consumers Lead the Way — Key Trends and Investment Op...
 
E commerce industry future and the valuation bubble
E commerce industry future and the valuation bubbleE commerce industry future and the valuation bubble
E commerce industry future and the valuation bubble
 
Mobile marketing trends 2013
Mobile marketing trends 2013 Mobile marketing trends 2013
Mobile marketing trends 2013
 
Liane Dietrich Opening Remarks at PMI NYC
Liane Dietrich Opening Remarks at PMI NYCLiane Dietrich Opening Remarks at PMI NYC
Liane Dietrich Opening Remarks at PMI NYC
 
Mobile Business Forecast for Marketers
Mobile Business Forecast for MarketersMobile Business Forecast for Marketers
Mobile Business Forecast for Marketers
 
eCommerce trends 2019 by Divante.co
eCommerce trends 2019 by Divante.coeCommerce trends 2019 by Divante.co
eCommerce trends 2019 by Divante.co
 
US Online Advertising Report
US Online Advertising ReportUS Online Advertising Report
US Online Advertising Report
 
Horizon Partners Q4 2013 Newsletter
Horizon Partners Q4 2013 NewsletterHorizon Partners Q4 2013 Newsletter
Horizon Partners Q4 2013 Newsletter
 
Horizon Partners Newsletter 2013-11-22
Horizon Partners Newsletter 2013-11-22Horizon Partners Newsletter 2013-11-22
Horizon Partners Newsletter 2013-11-22
 
Horizon Partners Q3 2013 Newsletter
Horizon Partners Q3 2013 NewsletterHorizon Partners Q3 2013 Newsletter
Horizon Partners Q3 2013 Newsletter
 
Horizon Partners Q3 2013 Newsletter
Horizon Partners Q3 2013 NewsletterHorizon Partners Q3 2013 Newsletter
Horizon Partners Q3 2013 Newsletter
 

B2b ecommerce-trends-2012-1503041

  • 1. An Oracle White Paper February 2012 2012 B2B E-Commerce Survey: Results and Trends
  • 2. 2012 B2B E-Commerce Survey: Results and Trends Introduction Although business to consumer (B2C) gets a lot of attention for being on the “sexy” side of e- commerce, 2010 U.S. Census data shows estimates for business to business (B2B) revenue transacted online—not through electronic data interchange (EDI)—at approximately US$300 billion. Compare that with almost $200 billion in retail transactions, and the B2B commerce story suddenly becomes more interesting. Additionally, with 50 percent more revenue than retail—according to a 2011 B2B online survey—the adoption among B2B entities of e-commerce has just begun, with only 25 percent of the B2B companies represented having an e-commerce site and significantly less than that having a site that is current. B2B e-commerce transactions are also more complex. Most involve more than two decision- makers, but 28 percent have five or more decision-makers involved in the process. All this data points to the fact that the next decade will be an innovative and demanding one for B2B e-commerce. With this landscape in mind, this white paper publishes the results from a 2011 survey of B2B e-commerce professionals and provides insight into key trends and areas of investment for building an online presence. 1
  • 3. 2012 B2B E-Commerce Survey: Results and Trends About the Survey In November 2011, Endeca (acquired by Oracle in February 2012) conducted a survey to help B2B e-commerce professionals benchmark their upcoming plans and strategies against those of their peers at similar organizations. This annual survey reviews what has changed strategically within B2B e-commerce initiatives in the previous 12 months and what has remained a constant area of focus. The results represent input from business as well as IT professionals and provide visibility into planned areas of investment in 2012 and beyond. Responses were gathered from more than 120 professionals, of whom 50 percent represented business teams and 50 percent represented technical teams. In terms of authority, 53 percent of the respondents were at a managerial level; 25 percent director level; 10 percent executive level; and 12 percent senior executive level, such as CIO or SVP. Industry segments surveyed included industrial, electronics, maintenance and repair, office supplies, high tech, and chemical. Mobile Jumps in Strategic Importance for B2B E-Commerce Three key observations stood out from the 2012 survey data: • The B2B online catalog and direct sales force continue to be key channels used by customers for decision-making—but mobile jumped more than 10 percent in 2012 to the #3 spot. When asked which top three available channels customers use most to make decisions, respondents highlighted the online catalog as the #1 tool used (93 percent), followed closely by the direct sales channel (70 percent), with mobile Web jumping more than 10 percent, to 24.5 percent, from 2011 as the third-most-influential channel in B2B e-commerce. • Key retail tools and best practices for influencing revenue in the last 12 months continued to be personalization, the online catalog, and search engine optimization (SEO)—with mobile jumping again, more than 20 percent, to the #4 spot, just below paid search advertising. As in 2011, the top three retail tools or practices influencing B2B revenue most were identified as personalization capabilities (69 percent in 2012, versus 68 percent in 2011), the online catalog (64 percent in both 2012 and 2011), and SEO (58 percent in 2012, versus 60 percent in 2011). The biggest change—again—was mobile, which lagged in second-to-last place in 2011, with barely 5 percent, but jumped to more than 26 percent in 2012. • B2B e-commerce organizations still have a laser focus on boosting SEO, developing robust product content, and maintaining consistency across channels but take a more strategic view of mobile. The majority of the respondents in the 2012 survey (37 percent to 40 percent each) identified SEO, leveraging product content and data across channels, and developing and managing more-robust product information as the top areas of focus for 2012. This was nearly identical to the 2011 responses. What stands out is that mobile outpaced conversion rates, self-service, portals, and offer targeting—jumping from a meager 5 percent in 2011 to 35 percent in 2012. 2
  • 4. 2012 B2B E-Commerce Survey: Results and Trends Mobile jumped to the third-most-influential touchpoint for B2B customers: #1. Online catalog (93 percent) #2. Direct sales (70 percent) #3. Mobile Web (24.5 percent) Mobile, Not Surprisingly, Is a Key B2B Trend In 2010 and 2011, B2B businesses all came to terms with the fact that their customers were changing and that daily, at-home experiences with various consumer technologies—from checking stocks to grocery shopping—would rapidly change customer expectations of their B2B experiences online. From simply researching large purchases through user reviews and video demonstrations (if only to conduct the final transaction in-store) to multichannel information consumption (simultaneously reading user reviews of a product while physically in a store aisle), as the chart below illustrates, 80 percent of the surveyed B2B professionals (versus 70 percent in 2011) agreed or strongly agreed that their customers’ expectations mirror at-home consumer practices. In the past 12 months, have you seen customer expectations change because of B2C retail experience (online and offline)? Figure 1. Few B2B professional disagree that their customers’ expectations are leaning toward B2C functionality. With more-B2C-like capabilities now representing mere table stakes in the B2B e-commerce experience, it is not surprising that mobile moved to the priority list over the last 12 months. Although personalization capabilities, the online catalog, and SEO influence customers the most— mobile climbed from second-to-last place (5 percent) in 2011 to more than 26 percent in 2012. 3
  • 5. 2012 B2B E-Commerce Survey: Results and Trends What top three retail capabilities and practices influence revenue the most? Figure 2. Extreme personalization (custom catalogs, microsites) persuades customers most heavily, followed closely by the online catalog and search engine optimization (SEO). Mobile, although not a top influencer, jumped more than 20 percent from 2011 to take the #5 spot. Responses to all the survey questions align with the trend toward increased attention to and investment in B2B mobile. Asked which top three available touchpoints customers use to make decisions, respondents highlighted the same top three touchpoints as in 2011: online catalog as the #1 tool (93 percent), followed closely by the direct sales channel (75 percent)—with mobile Web jumping 10 percent (to 24.5 percent) from 2011 as the third-most-influential touchpoint in B2B e-commerce. Respondents project B2B mobile commerce spending to increase in 2012. In contrast to attention to and investment in the past 12 months, a new area of focus on mobile site and app development and strategy has appeared on the radar of B2B e-commerce organizations. 4
  • 6. 2012 B2B E-Commerce Survey: Results and Trends In what technologies have you invested in the last 12 months? Figure 3. Although mobile ranks higher on the priority list in 2012, B2B e-commerce organizations don’t seem to have thrown significant budget at technology to support mobile yet. Expect to see heavier investment in the coming months. In contrast to attention and investment in the past 12 months, B2B e-commerce organizations continue the trend we saw in 2011, with top investment areas focusing on SEO, managing and leveraging product content across channels, and developing more-robust product content—with new areas of focus on mobile site and application development and strategy. 5
  • 7. 2012 B2B E-Commerce Survey: Results and Trends Where will you invest in the coming 12 months? Figure 4. The year 2012 shows a new area of focus on mobile site and application development and strategy. Mobile jumps from hardly any investment focus in 2011 to nearly tie with the top three investment areas. The bottom line: mobile is no longer just the concern of B2C brands launching the next cool consumer app. For top B2B brands, mobile is now a core piece of the customer experience, generating value and utility for the direct sales force and customers. Complexity Continues to Dominate the B2B Channel Equation B2B commerce organizations have always operated in a complex multichannel world. What the 2012 survey data points to is that engaging customers in that world remains increasingly complex. Companies responding to the survey continue to operate in an average of seven different languages and often in more than 100 distinct geographies. 6
  • 8. 2012 B2B E-Commerce Survey: Results and Trends What business models does your company use? Figure 5. Nearly 50 percent of the respondents use at least two business models, and more than 15 percent use all. In addition to the requirements of language and geographic diversity, B2B companies continue to support a broader range of business models globally. Results of the 2012 survey show that B2B business models can range from pure B2C (.com sites) and pure B2B (large wholesale account sites for dealers) operations to more-complex B2B2B models (multiple dealer/distributor portals) and B2B2C (extranets, portals, consumer shops). In some cases, all the models listed in Figure 5 are part of their business profile. Conclusion In 2012 and beyond, the most-effective B2B e-commerce initiatives will be those that enable organizations to successfully use the right technologies in concert to engage customers and enhance their decision-making abilities across all touchpoints. Cross-channel customer experience management is on the brink of a new era in B2B. Digital channels have become the dominant medium for influencing decision-making and building a stronger relationship between the brand and the end customer. The sheer numbers of devices that consumers have at their disposal and the types of interactions they expect create a challenging but exciting opportunity for customer experience professionals—from marketers to merchandisers and media moguls—to chart their course for optimizing customer experiences. Delivering a consistent experience across all channels and touchpoints is the new challenge for B2B e-commerce organizations. Contact Us For more information about Oracle Endeca Web commerce solutions, visit oracle.com/webcommerce or call +1.800.ORACLE1 to speak to an Oracle representative. 7
  • 9. 2012 B2B E-Commerce Survey: Copyright © 2012, Oracle and/or its affiliates. All rights reserved. This document is provided for information purposes only and the Results and Trends contents hereof are subject to change without notice. This document is not warranted to be error-free, nor subject to any other February 2012 warranties or conditions, whether expressed orally or implied in law, including implied warranties and conditions of merchantability or fitness for a particular purpose. We specifically disclaim any liability with respect to this document and no contractual obligations are Oracle Corporation formed either directly or indirectly by this document. This document may not be reproduced or transmitted in any form or by any World Headquarters means, electronic or mechanical, for any purpose, without our prior written permission. 500 Oracle Parkway Redwood Shores, CA 94065 Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners. U.S.A. Worldwide Inquiries: Intel and Intel Xeon are trademarks or registered trademarks of Intel Corporation. All SPARC trademarks are used under license and Phone: +1.650.506.7000 are trademarks or registered trademarks of SPARC International, Inc. AMD, Opteron, the AMD logo, and the AMD Opteron logo are Fax: +1.650.506.7200 trademarks or registered trademarks of Advanced Micro Devices. UNIX is a registered trademark licensed through X/Open Company, Ltd. 0212 oracle.com