Amazon’s business-to-business (B2B) e-commerce marketplace, Amazon Business, is estimated to bring in $52 billion in sales and $31 billion in revenue in 2023, according to RBC Capital Markets as cited by CNBC. Business Insider Intelligence

This would represent a steep increase for the segment, which offers a marketplace for firms along with other business-focused products and tools, considering Amazon Business recorded over $10 billion in annualized sales as of September 2018.

The B2B industry offers a tremendous opportunity that’s far bigger than business-to-consumer (B2C) retail, potentially enabling Amazon Business to thrive. B2B e-commerce was estimated to reach over $1 trillion in the US in 2018, while US retail e-commerce sales only amounted to $524 billion last year.

Read more here: