B2B e-commerce is several times larger than B2C and privacy policies should reflect that reality.
Global B2C e-commerce totaled $3.64T in 2023 and is projected to reach $5.55T by 2027.
By comparison, global B2B e-commerce reached $24.45T in 2023 and is expected to grow to $36.16T by 2026.
The takeaway is simple: B2B data powers the economy.
Privacy and data laws designed for consumer use should not unintentionally disrupt how businesses operate, compete, and grow.
Source: International Trade Administration
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