The global B2B services review platforms market was valued at around USD 248 million in 2022, with a CAGR of 13.8% for the next ten years. The market is likely to reach a valuation of USD 1,016.6 million by the end of 2033. Further, the increasing user penetration of the Internet and the development of devices compatible with the Internet is driving the B2B services review platform market.
| Report Attributes | Details |
|---|---|
| B2B Services Review Platforms Market (2022A) | USD 248 million |
| Estimated Market Value (2023E) | USD 278.3 million |
| Forecasted Market Value (2033F) | USD 1,016.6 million |
| Global Market Growth Rate (2023 to 2033) | 13.8% CAGR |
| The United States Market Share (2022) | 16.5% |
| Key Companies Covered | Agency Vista; Clutch; Agency Spotter; UpCity; HubSpot Agency Directory; G2.com; GoodFirms; Sortlist; CrowdReviews; Procurated; Serv B2B Marketplace; Techreviewer; TheManifest; Reputedfirms; Capterra |
Future Market Insights’ analysis reveals that most of the market revenue has grossed from the cloud-based type of B2B services review platforms. On the other hand, the large enterprises segment is projected to be the most significant with a 13% CAGR in a decade starting in 2023.
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The global market for B2B services review platforms marked a CAGR of 13.8% over the last seven years. In 2022, the global market size of B2B services review platforms was valued at USD 248 million and is estimated to reach a valuation of USD 278.3 million in 2023. B2B services review platforms provide an authentic and valid review for business-to-business operations.
The number of users of smartphones and the internet has increased intrinsically over the years, which helped the users to review any kind of product or service easily, which is fueling the growth of the B2B services review platforms market.
Customers nowadays largely rely on reviews and comments to buy a product or avail of a solution from previous users who already have availed of the product or the services. Thus, the B2B services review platform plays a crucial role in deciding consumer behavior toward any type of product or service, which is expected to fuel market expansion in the coming years.
The global B2B services review platforms market is predicted to mark a CAGR of 13.8% and sales worth USD 1,016.6 million by the end of 2033. The United States is projected to continue to be the leading procurer of B2B services review platforms throughout the analysis period accounting for over USD 222.8 million absolute dollar opportunity in the coming 10-year-epoch.
The need for service providers to expand their business and presence in the market is driving the demand for B2B service review platforms. A trusted and verified review of their services and solutions is going to help the enterprises to choose the right service and solution that is projected to fit perfectly in their business model.
Businesses of any size including small, medium, and large enterprises are using B2B services review platforms for branding and spreading their services and solutions. These factors are expected to drive the B2B services review platforms market over the forecasted years.
Principal Consultant
| Region | North America |
|---|---|
| Market Share % (2022) | 28.8% |
The B2B services review platform market in North America was valued at around USD 79.6 million in 2022 and is estimated to reach a valuation of USD 100.2 million in 2023. The significant technological advancement and adoption of new technology is the key factor that is driving the market in North America. The B2B services review platform has anticipated reaching a valuation of USD 360.7 million over the forecast period.
| Countries | Market CAGR % (2023 to 2033) |
|---|---|
| China | 15.5% |
| India | 16.5% |
The market in Asia Pacific has anticipated to grow at a notable rate over the forecast period. The B2B services review platforms market in Asia Pacific was valued at around USD 47.7 million in 2022 and is estimated to reach a valuation of more than USD 60.1 million in 2023.
Technological developments in design-related technologies, internet marketing, and promotion, and technology-based solutions are the key factors driving the market in the region.
China holds a significant proportion of the market in the Asia Pacific region. The B2B services review platforms market in China was valued at above USD 16.1 million in 2022 and is estimated to reach a valuation of more than USD 19.8 million in 2023.
According to the China Network Information Centre (CNNIC), there are about 900 million internet users in China with 30.8 hours of average internet usage. The B2B services review platforms market in China is anticipated to reach a valuation of more than USD 67.8 million by the end of the forecast period. Additionally, the market in China is expected to create an absolute dollar opportunity of more than USD 48 million over the 2023 to 2033 period.
| Region | CAGR |
|---|---|
| Europe’s Market Share % (2022) | 21.3% |
| Germany’s Market Share % (2022) | 7.6% |
| The United Kingdom’s Forecast CAGR % | 12.3% |
The B2B services review platforms market in Europe is anticipated to expand at a modest rate over the forecast period. The market in Europe was valued at more than USD 49.5 million in 2022 and is anticipated to be valued at more than USD 224.1 million by the end of 2033.
The B2B services review platforms market in the United Kingdom was valued at around USD 9.3 million in 2022. According to research, every one in three SMEs in Britain showed sales increase due to customer reviews.
Some of the SMEs state that they have been using software solutions to collect reviews. This has been the key driver for market expansion in the United Kingdom. The B2B service review platforms market in the United Kingdom is forecasted to reach a valuation of more than USD 37.2 million by the end of 2033.
The United Kingdom market for B2B services review platforms is expected to create an absolute dollar opportunity of more than USD 25.9 million over the 2023 to 2033 period.
| Country | The United States |
|---|---|
| Market Share % (2022) | 16.5% |
The market in the United States was valued at more than USD 70.4 million in 2022 and is estimated to reach a valuation of USD 88.1 million in 2023. The market in the United States is likely to reach a valuation of more than USD 310.9 million by the end of the forecast period. Moreover, the significant advancement in technology and its fast adoption is the key factor driving the market in the country.
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| Segment | Large Enterprises |
|---|---|
| Market Share % (2022) | 61.2% |
The B2B services review platforms make it simple for businesses and customers to gather useful information about the solutions and services through verified trusted reviews on the platform. Enterprises need to adopt the latest technology-based solutions and implement them in their business process.
The B2B services review platforms assist companies to find, acquire and manage technological solutions, which help the enterprises to achieve their financial objectives and improve their client and business relationship. The B2B services review platforms offer real-time user reviews, which encourage enterprises to make better choices. Moreover, the large enterprise segment accounted for a CAGR of 26.6% from 2018 to 2022.
The SMEs segment is anticipated to expand at a notable rate over the forecast period. The rising number of SMEs around the world is the key factor driving revenue growth through SMEs. Also, the B2B services review helps the SMEs to bring technological advances and upgrades in their existing solutions and offerings, which is driving the demand for B2B services, and review platforms among the SMEs.
The key companies operating in the B2B services review platforms market include Agency Vista, Clutch, Agency Spotter, UpCity, HubSpot Agency Directory, G2.com, GoodFirms, Sortlist, CrowdReviews, Procurated, Serv B2B Marketplace, Techreviewer, TheManifest, Reputedfirms, and Capterra.
Recent Developments by Key Providers of B2B Services Review Platforms:
The projected b2b services review platforms market CAGR by 2033 is 13.8%.
The projected market value by 2033 is USD 1,016.6 million.
The market is estimated to secure a valuation of USD 278.3 million in 2023.
The enterprise industry is the key consumer of the b2b services review platforms market.
Agency Spotter, UpCity, and Clutch are the three key players in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. On-Premises 5.2. Cloud-Based 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Large Enterprises 6.2. SMEs 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Agency Vista 17.2. Clutch 17.3. Agency Spotter 17.4. UpCity 17.5. HubSpot Agency Directory 17.6. G2.com 17.7. GoodFirms 17.8. Sortlist 17.9. CrowdReviews 17.10. Procurated 17.11. Serv B2B Marketplace 17.12. Techreviewer 17.13. TheManifest 17.14. Reputedfirms 17.15. Capterra 18. Assumptions & Acronyms Used 19. Research Methodology
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B2B Services Review Platforms Market
