Convenience, Mom And Pop Stores Definition

The convenience, mom and pop stores market consists of sales of goods and some services through convenience, mom and pop stores by entities (usually sole traders or partnerships but in some cases organizations) that provide the retail service of supplying food, toiletries and other daily 'necessities' to their consumers through conveniently located small stores. Convenience, mom and pop stores are neighborhood retail outlets, in the case of this report, it refers only to those which sell a limited range of food and groceries such as prepared and ready-to-eat foods, bottled and fountain beverages, household staples, basic toiletries, tobacco products, periodicals and other essential items. These types of stores are mostly smaller in size, generally around 300 square meters, have limited employees and are open for extended hours. Convenience, mom and pop stores can be a family owned business or a retail chain business.

Non-Durable Goods Merchant Wholesalers Market Definition

The non-durable goods merchant wholesalers market consists of sales of nondurable goods by non-durable goods merchant wholesalers. These entities (organizations, sole traders and partnerships) wholesale products such as paper and paper products, chemicals and chemical products, drugs, textiles and textile products, apparel, footwear, groceries, farm products, petroleum and petroleum products, alcoholic beverages, books, magazines, newspapers, flowers and nursery stock, and tobacco products. Nondurable goods are items generally with a shelf life of less than three years. The market by value in this report is defined as the revenues that enterprises gain from goods within the specified market and geography. It does not include revenues from resales either further along the supply chain or as part of other products. Only goods traded between entities or to end consumers are included.

Other health and personal care refer to services for people who require assistance with daily activities and health issues. The other health and personal care include health and personal care products excluding medicines, optical products, perfumes, cosmetics, beauty supplies, and food supplement products in the retail and wholesale industry. The other types of health and personal care stores are convalescent supply stores, prosthetic stores, hearing aid stores, sick room supply stores, medical equipment and supplies stores, and personal mobility scooter dealers. Hearing aid stores refer to an electronic device for amplifying sound that is worn in or behind the ear of a person with hearing loss. The categories included are mass products and premium products. The stores are licensed as branded, brand licensed, and unbranded. The other health and personal care stores market research report is one of a series of new reports from The Business Research Company that provides other health and personal care store market statistics, including other health and personal care store industry global market size, regional shares, competitors with other health and personal care store market share, detailed other health and personal care store market segments, market trends and opportunities, and any further data you may need to thrive in the other health and personal care store industry. This other health and personal care store market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global other health and personal care stores market size will grow from $65.74 billion in 2022 to $68.93 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global other health and personal care stores market size is expected to grow to $79.69 billion in 2027 at a CAGR of 3.7%. There is an increased concentration of growth in the number of surgeries performed worldwide across the historic period. Many people lose their lives from conditions that require surgical care. According to a study published by The Lancet Commissions, if the LMICs were to scale up the surgery rate annually, then a minimum volume of 5000 operations per 100,000 population is expected to be fulfilled by about two-thirds of countries. The increase in the number of surgeries performed annually is expected to boost the market's growth as surgeries will increase the demand for health and personal care products supply. Product recalls in the global supply chain occur due to increasing concern about product safety among consumers. Retailers are the bridge or connection between the upstream supply chain, which includes manufacturers and wholesalers, and consumers. In February 2020, Advanced Bionics LLC (AB), a US subsidiary of Sonova Holding AG—a leading hearing aid provider—voluntarily recalled HiRes Ultra and Ultra 3D cochlear implants for corrective action, and this one-time recall is estimated to cost them $51 million due to issues of reduced performance by the customers. In February 2020, ResMed recalled Stellar 100 and 150 Non-invasive and Invasive Ventilators due to the failure of the device. In a reverse supply chain, a major role is played by the retailers; thus, a product recall has a negative impact on the retailers in terms of revenue. The use of online supply platforms, or e-commerce sites, is gaining increased popularity among retailers and customers as well. Online retailing overcomes the traditional retailing stores in ways like limiting geographical barriers, cost-effective advertising, and marketing channels, creating a market for niche-products, providing customers to compare and shop, remaining open 24/7, creating targeted communication, and more. In November 2021, SMV Healthcare, a Chennai-based pharmaceuticals company, launched MyMedicalShop.com, an online platform for purchasing medicine and healthcare products. E-commerce builds a new path without the need for a manual store for retailers to reach customers. In April 2022, Lifesupply Health Supplies Inc., a Canada-based medical supplies company, acquired Smart Move Medical for an undisclosed amount. The acquisition would expand the distribution network of the company and provide it with broader access to a network of suppliers internationally. Smart Move Medical is a Canada-based medical equipment supplier. Major players in the other health and personal care stores market are USANA Health Sciences Inc., Enzymatic Therapy Inc., Ajinomoto Health and Nutrition North America Inc., Super Supplements Inc., Herbalife Nutrition Ltd., Forever Living Products International, Trivita Inc., Nature's Sunshine Products Inc., ForeverGreen Worldwide, and Integrated Biopharma Inc Asia-Pacific was the largest region in the other health and personal care stores market in 2022. North America was the second-largest region in the global other health and personal care stores market. The regions covered in the global other health and personal care stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the other health and personal care stores market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The other health and personal care market includes revenues earned by entities by include medical equipment, diagnostics, hearing aids, personal mobility scooters, prosthetics, and sick room equipment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global other health and personal care stores market is segmented - 1) By Type: Convalescent Supply Stores, Prosthetic Stores, Hearing Aid Stores, Sick Room Supply Stores, Medical Equipment And Supplies Stores, Personal Mobility Scooter Dealers 2) By Category: Mass Products, Premium Products 3) By License: Branded, Brand Licensed, Unbranded

The e-commerce market consists of sales of merchandise such as apparel, electronics, furniture, books, cosmetics, and other products through online channels. This industry includes e-commerce and m-commerce companies that offer home delivery services. The sales transaction between the retailers and their customers is typically done through the use of information technology, including the telephone and the internet, and the delivery of merchandise is typically done through the mail or couriers. The e-commerce industry also includes direct mailers who are selling their merchandise and retail through online websites. The main model types of e-commerce are business to business (B2B) and business to consumer (B2C). Business-to-business (B2B) refers to a form of transaction between businesses, like one involving a manufacturer and a wholesaler, or a wholesaler and a retailer. The various payment modes involved are card payments, bank transfers, digital wallets, cash payments, and other payment modes. The applications included are home appliances, clothing and footwear, books, cosmetics, baby goods, groceries, and other applications. The e-commerce market research report is one of a series of new reports from The Business Research Company that provides e-commerce market statistics, including e-commerce industry global market size, regional shares, competitors with an e-commerce market share, detailed e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the e-commerce industry. This e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global e-commerce market size will grow from $2,837.76 billion in 2022 to $3,183.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global e-commerce market size is expected to grow to $4,902.06 billion in 2027 at a CAGR of 11.4%. Rising internet penetration and the growing use of smartphones are predicted to contribute to the growth of the e-commerce market. The growing usage of the internet and smartphones is shifting consumer preferences towards online shopping. According to We Are Social’s special report on Digital 2020 published in January 2020, the total internet users across the globe in 2020 increased to 4.54 billion, with a growth of 298 million or 7% in comparison with January 2019. Moreover, the number of mobile users was 5.19 billion in 2020, which increased by 124 million, or 2.4%, in 2019. Therefore, increasing internet penetration coupled with the growing number of people using smartphones is projected to boost the demand for the e-commerce market over the forecast period. Stringent regulations and vertical restraints imposed on the e-commerce sector are expected to limit the growth of the e-commerce industry in the near future. Vertical restraints such as platform parity agreements (APPA), geo-blocking, most favoured nation (MFN), geo-filtering, and advertising restrictions will pose a significant challenge to e-commerce players. For instance, in June 2020, the government of India issued draft rules to amend the consumer protection (E-Commerce) rules 2020. Therefore, the stringent regulation imposed on functioning and advertising makes it difficult for e-commerce players to manage their operations, thus adversely impacting the growth of the e-commerce industry over the forthcoming years. Increasing government and companies’ initiatives to promote e-commerce sales is a leading trend in the e-commerce market. According to Entracker’s news published in April 2022, Indian government launched pilot phase of Open network for digital commerce (ONDC) to democratize e-commerce sector to facilitate e-commerce of small retailers. which is projected to boost the sector's growth in the country. In April 2022, Flipkart, a Bengaluru-based e-commerce company, acquired ANS Commerce for an undisclosed amount. The acquisition would strengthen the online retail ecosystem of flipkart. ANS Commerce is an India-based e-commerce services provider. Major players in the e-commerce market are Amazon.com Inc., JD.com Inc., Suning Commerce Group Co. Ltd., Apple Inc., Walmart Inc., Dell Technologies Inc., Vipshop Holdings Ltd., Gome Electrical Appliances Holding Ltd., Macy’s Inc., and Otto Group. North America was the largest region in the e-commerce market in 2022. Asia-Pacific was the second largest region in the global e-commerce market. The regions covered in the global e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the e-commerce market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The e-commerce market consists of revenues earned by entities by providing e-commerce services such as drop shipping, crowdfunding, and subscription. The market value includes the value of related goods sold by the service provider or included within the service offering. The e-commerce market also includes sales of as apparel, electronics, furniture, books, grocery and cosmetics. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global e-commerce market is segmented - 1) By Model Type: Business to Business (B2B), Business to Consumer (B2C) 2) By Payment Mode: Card Payments, Bank Transfers, Digital Wallets, Cash Payments, Other Payment Modes 3) By Application: Home Appliances, Clothing and footwear, Books, Cosmetics, Baby Goods, Groceries, Other Applications

A pharmacy is where one can get prescription medications. It may be located inside a grocery shop, drugstore, chemist, or other establishment. Drug store refers to a location whose major activity is the selling of pharmaceuticals, medicines, and pharmaceutical preparations. Drug stores have a regular prescription department and hire a registered pharmacist on-site at all times. The main drug types of pharmacies and drug stores are prescription drugs and over-the-counter drugs. Prescription drugs refer to a drug that can be obtained only with a physician's prescription. The various types involved are community pharmacy, hospital pharmacy, clinical pharmacy, industrial pharmacy, compounding pharmacy, consulting pharmacy, ambulatory care pharmacy, regulatory pharmacy, and homecare pharmacy. The different product types included are skincare, cold and flu, dental, weight loss, vitamins, and other product types. The pharmacies and drug stores market research report is one of a series of new reports from The Business Research Company that provides pharmacies and drug stores market statistics, including pharmacies and drug stores industry global market size, regional shares, competitors with a pharmacies and drug stores market share, detailed pharmacies and drug stores market segments, market trends and opportunities, and any further data you may need to thrive in the pharmacies and drug stores industry. This pharmacies and drug stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global pharmacies and drug stores market size will grow from $1,126.63 billion in 2022 to $1,205.81 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pharmacies and drug stores market size is expected to grow to $1,513.65 billion in 2027 at a CAGR of 5.8%. The growing ageing population and increasing health consciousness among the global populace are likely to drive the pharmacy and drug store market. The geriatric population is more vulnerable to acquiring several diseases that increase their dependence on pharmacies and drug stores, thus indirectly affecting the market. According to the Global Health and Aging report, the number of people aged 65 or older is projected to grow to nearly 1.5 billion in 2050, with most of the increase in developing countries. Certain health conditions are expected to be a challenge to our health care system with the increasing ageing population. These conditions include cancer, dementia, an increase in the number of falls, obesity, and diabetes. Due to the increasing aging population, the number of cases is expected to increase, thus providing a growing customer base for pharmacies and drug stores. Rapidly increasing cost pressures from regulatory agencies and payers will restrain the pharmacies and drug stores market. Government budgetary pressures are leading to lower pharmacy compensation for most countries with public health care. The consolidation of pharmacy benefit management firms in the U.S. has worked similarly, driving lower costs and margins, and shifting prescription volumes to the delivery of direct or mail orders. Governments would be the largest healthcare payers in virtually every country. This, in turn, creates increased pressure on taxpayers and government spending, with consequent pharmaceutical effects. These factors are expected to have a negative impact on the pharmacies and drug stores market as they increase cost pressures from regulatory agencies and affect the market’s growth. Working long hours and drive-through locations are the major factors contributing to increasing the pharmacy and drugstore market growth. As competition has increased from mass merchandisers and supermarkets, as well as from direct mail prescription services, drug stores have been adding value in the form of 24-hour operations and drive-through pharmacies. The US Pharmacy Study measures customer satisfaction with their pharmacy experience across major chain drug stores, mass merchandisers, supermarkets, and mail-order pharmacies. The study shows that retail pharmacy businesses continue to shine when it comes to engaging patient-centric services that drive satisfaction. These convenience factors anticipate the growth of pharmacies and the drugstore market. In January 2021, AmerisourceBergen Corporation, a US-based drug wholesale company, acquired Walgreens Boots Alliance, Inc. for the amount of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock. Acquiring Alliance Healthcare will provide even stronger support for pharmacies and pharmacists across the world and integrate solutions for pharmaceutical manufacturers. Walgreens Boots Alliance, Inc. is a US-based holding company that owns the retail pharmacy chains and manufactures pharmaceuticals and distribution companies. Major players in the pharmacies and drug stores market are Walgreens Boots (WBA), CVS Health (CVS), Rite Aid (RAD), MedPlus, Rexall, Shoppers Drug Mart, Grupo Casa Saba, China Nepstar, AS Watson, and Matsumoto Kiyoshi. Asia-Pacific was the largest region in the pharmacies and drug stores market in 2022. North America was the second-largest region in the global pharmacies and drug stores market. The regions covered in the global pharmacies and drug stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the pharmacies and drug stores market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The pharmacies and drug stores market include revenues earned by entities by branded prescription drugs, generic drugs, non-prescription medicines, personal health supplies, and dietary supplements, cosmetics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global pharmacies and drug stores market is segmented - 1) By Drug Type: Prescription Drugs, OTC drugs 2) By Type: Community Pharmacy, Hospital Pharmacy, Clinical Pharmacy, Industrial Pharmacy, Compounding Pharmacy, Consulting Pharmacy, Ambulatory Care Pharmacy, Regulatory Pharmacy, Home Care Pharmacy 3) By Product Type: Skin Care, Cold and Flu, Dental, Weight Loss, Vitamins, Other Product Types

Direct selling establishments are businesses that are engaged in non-store retailing of merchandise, except e-commerce, mail-order, and vending machine sales. The entities operating in this industry go to the customer’s location rather than the customer coming to them, such as in door-to-door sales. The main types of direct selling establishments are single-level marketing and multi-level marketing. Single-level marketing refers to direct sales carried out by sales associates. The various products include wellness, services, home and family care, personal care, clothing and accessories, leisure and education, and other products in the price range of premium, mid-range, and economy. The direct selling establishments market research report is one of a series of new reports from The Business Research Company that provides direct selling establishments market statistics, including direct selling establishments industry global market size, regional shares, competitors with a direct selling establishments market share, detailed direct selling establishments market segments, market trends and opportunities, and any further data you may need to thrive in the direct selling establishments industry. This direct selling establishments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global direct selling establishments market size will grow from $688.45 billion in 2022 to $763.85 billion in 2023 at a compound annual growth rate (CAGR) of 11%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global direct selling establishments market size is expected to grow to $1,125.52 billion in 2027 at a CAGR of 10.2%. The need for additional income opportunities in developing and underdeveloped countries has been a driving factor in the direct selling establishments market. According to The Associated Chambers of Commerce and Industry of India (Assocham), the direct selling industry will reach $2169 million by 2021 in India. Direct selling could be a viable income source, even if someone wants to do it part-time. Direct selling, in the long term, promotes self-employment and financial independence. The ASSOCHAM paper also reveals that the average sale of each participant in India is about $300 per year. The need for additional income opportunities is expected to drive the direct selling establishments market during the forecast period. Increased demand for online shopping restrains the market for direct-selling establishments. E-commerce platforms offer more discounts on products compared to direct selling, encouraging consumers to switch from direct-selling establishments to online shopping portals. Direct selling platforms are now changing the business model so that they can survive in the market. For instance, in India, direct selling platforms such as Amway, Oriflame, and Tupperware started selling products through e-commerce portals such as Flipkart, Snapdeal, eBay, and Amazon, which is a disruption in the direct-sales business model. A few companies, such as Hindustan Unilever, have closed their direct-to-home model, HUL Network, and re-launched their Aviance beauty products and Ayush remedies on Amazon. According to Oberlo, by 2024, global online sales are expected to reach $6.4 trillion, and this is reducing the revenue of most direct-selling organizations. Artificial Intelligence (AI) in the direct selling business is an emerging trend shaping the direct selling establishment market. AI in the direct selling business is used to collect and analyse data about the customer, deliver highly intelligent automated customer service, and also help predict the re-stocking volume for product inventories. For example, AI helps in personalised email marketing, which is helpful for product recommendations and drip campaigns using the past behavioural data of the user. Chatbots are available at all hours and help in generating new leads and assisting customer service. For instance, Ventaforce is AI-powered direct selling software that simplifies product categorization, lowers the risk of downtimes or failures, and increases savings from operations. In January 2020, Natura & Co., a Brazilian personal care cosmetics company, acquired Avon Products, Inc. for an undisclosed amount. The acquisition has created the world's fourth-largest pure-play beauty company. The acquisition will strengthen Natura’s position in more than 100 countries. The group will also have a good position in retail, with 3000 stores and an expanded digital presence. Avon was a British multi-level marketing company in the beauty, household, and personal care categories. Major players in the direct selling establishments market are Herbalife, Amway, Mary Kay Inc., Infinitus, Tupperware, Vorwerk, Natura, JoyMain, DXN, and Belcorp. Asia-Pacific was the largest region in the direct selling establishments market in 2022. North America was the second-largest region in the global direct selling establishments market. The regions covered in the global direct selling establishments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the direct selling establishments market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The direct selling establishments market includes revenues earned by entities by providing services through one-to-one sales, online sales and party-plan sales. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products The global direct selling establishments market is segmented - 1) By Type: Single-Level Marketing, Multi-Level Marketing 2) By Products: Wellness, Services, Home And Family Care, Personal Care, Clothing And Accessories, Leisure And Educational, Other Products 3) By Price Range: Premium, Mid-Range, Economy

Vending machine operators are individuals that are engaged in retailing merchandise through vending machines. These vending machines are useful for contactless selling of goods. The main types of vending machines operated by vending machine operators are beverage vending machines, food products vending machines, confectionery products vending machines, and other products vending machines. A food products vending machine is an automatic machine that provides snacks and other food items to consumers after cash, a credit card, or other forms of payment are inserted into the machine or otherwise made. The main products applied are soft drinks, candy and snacks, hot beverages, hot and cold meal products, ice cream, and other products that are used by corporate offices, shopping malls, retail stores, educational institutions, hotels and restaurants, and other sectors. The vending machine operators market research report is one of a series of new reports from The Business Research Company that provides vending machine operators market statistics, including vending machine operators industry global market size, regional shares, competitors with a vending machine operators market share, detailed vending machine operators market segments, market trends and opportunities, and any further data you may need to thrive in the vending machine operators industry. This vending machine operators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global vending machine operators market size will grow from $37.99 billion in 2022 to $42.36 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vending machine operators market size is expected to grow to $63.66 billion in 2027 at a CAGR of 10.7%. Growing demand for on-the-go snacks, drinks, and others is expected to drive the vending machine operators market. Vending machines offer the comfort of buying things on the go without the need to enter or stand in the queue of stores. For instance, as per the Japan Times, there are 5 million vending machines in Japan. In addition to this, according to Vending Market Watch, there are more than 4.6 million vending machines in the USA as most people are busy and find it easy to pick things up on the go without wasting time buying things. This advantage of buying things on-the-go aids in the growth of the market. The growing focus of players on introducing innovations is a leading trend in the vending machine operators market. Companies are focusing on using the latest technology like cashless payment, IoT, AI, and big data for enhancing sales, convenience, and procuring data to find customer preferences to increase productivity and customer satisfaction. For instance, over 2,000 Coca-Cola machines now accept Bitcoin in Australia and New Zealand. Coca Cola started experimenting with artificial intelligence and big data to build smart vending machines that need less human control. The beverage supergiant employed Hivery, a technology-driven company that works with businesses to refine their retail strategies using AI and big data, to revolutionise the way it marketed and distributed its goods in more than 200 countries. Starting with 60-odd vending machines in Newcastle, a town 160 km away from Sydney, the software company began experimenting with AI to see if it could stack vending machines better than humans could to maximise revenue and profits. The company developed an AI algorithm specifically for Coca-Cola, which resulted in an 18% reduction in re-stock visits plus a 15% rise in revenue, demonstrating that big data really can make a difference when it comes to vending machine optimization. In April 2022, American Green, a US-based innovator in the cannabis and hemp industry, acquired VendWeb for an undisclosed amount. The acquisition would bring an strategic asset to American green and help it improve its distribution, VendWeb is a US-based manufacturer and seller of vending machines. Major players in the vending machine operators market are AB Volvo, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Terex Corporation, The Atlas Copco Group, Deere & Company and Sany Group, and Sany Group. Asia-Pacific was the largest region in the vending machine operators market in 2022. North America was the second-largest region in the global vending machine operators market. The regions covered in the global vending machine operators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the vending machine operators market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The vending machine operators market includes revenues earned by entities by providing services through spiral vending machines, gravity-based vending machines, and smart shelf vending machines. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products The global vending machine operators market is segmented - 1) By Machine Type: Beverages Vending Machine, Food Products Vending Machine, Confectionery Products Vending Machine, Others Products Vending Machine 2) By Product: Soft Drinks, Candy And Snacks, Hot Beverages, Hot And Cold Meal Products, Ice Cream, Other Products 3) By Use Case: Corporate Offices, Shopping Malls And Retail Stores, Educational Institutions, Hotels And Restaurants, Other Use Cases

Business-to-business electronic are the individuals that provide services that help in bringing together buyers and sellers of goods using the Internet or other electronic means and generally receive a commission or fee for the service. The main deployment types of business-to-business electronics are supplier-oriented, buyer-oriented, and intermediary-oriented. A supplier-oriented electronic is one in which a group of suppliers creates an online marketplace to create an efficient channel for selling to a large number of enterprises. The application areas of business-to-business electronics are home and kitchen, consumer electronics, healthcare, clothing, beauty, and personal care, sports apparel, automotive, and other applications that are used in Network as a Service (NAAS), Data as a Service (DAAS), Storage as a Service (STAAS), and Back-end as a Service (BAAS). The business-to-business electronic market research report is one of a series of new reports from The Business Research Company that provides business-to-business electronic market statistics, including business-to-business electronic industry global market size, regional shares, competitors with a business-to-business electronic market share, detailed business-to-business electronic market segments, market trends and opportunities, and any further data you may need to thrive in the business-to-business electronic industry. This business-to-business electronic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global business to business electronic market size will grow from $31.75 billion in 2022 to $32.76 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global business to business electronic market size is expected to grow to $36.07 billion in 2027 at a CAGR of 2.4%. The surge in the inclination of companies towards electronic or e-commerce platforms to mark their online presence is expected to contribute to the growth of business-to-business electronics. Business-to-business electronic markets help companies reach a large consumer base, reduce costs, and improve efficiency by automating manual processes. B2B electronic markets increase opportunities for manufacturers to collaborate with suppliers and distributors. For instance, in October 2020, The Dentists Supply Co. and Henry Schein Inc., a USA-based dental products distributor, together relaunched TDSC.com as a healthcare supply source for members of all 50 state dental associations. Increasing cyberattacks on business-to-business e-commerce websites are expected to hinder the business-to-business electronic market’s growth in the forecast period. Cyber-attacks harm the company's reputation along with financial loss. In November 2021, the cyber threats to the E-commerce sector increased by 37% in the third quarter as compared to the first quarter of the same year. The cyberattack decreases the trust of customers and sellers, and those who opt-out of their services and the businesses are also bound to pay a ransom in the form of money, e-currency, and data. This setback acts as a major restraint on the growth of the market. Manufacturers are establishing their own B2B marketplaces for selling their products online and fulfilling customer requirements for niche products, which is likely to be a key trend in business-to-business electronics. For instance, in February 2020, Reliance Steel launched a B2B marketplace called Fast Metals for the supply of metal products. In March 2020, YoKart, an Indian ecommerce marketplace builder launched YoKart B2B, a new B2B marketplace. In April 2022, BigCommerce, a US-based Open SaaS eCommerce company, acquired BundleB2B for an undisclosed amount. The acquisition would help BigCommerce to improve its offerings for B2B customers. BundleB2B is a Texas-based B2B ecommerce solution provider. Major players in the business-to-business electronic market are Amazon, Alibaba, Rakuten, Flipkart.com, IndiaMART, InterMESH Ltd., and eBay Inc. Asia-Pacific was the largest region in the business-to-business electronic market in 2022. North America was the second-largest region in the global business-to-business electronic market. The regions covered in the global business-to-business electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the business-to-business electronic market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The business-to-business electronic market includes revenues earned by entities by providing services such as listing services, sales assistance, and logistics services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products The global business-to-business electronic market is segmented - 1) By Deployment Type: Supplier-Oriented, Buyer-Oriented, Intermediary-Oriented 2) By Application: Home And Kitchen, Consumer Electronics, Healthcare, Clothing, Beauty And Personal Care, Sports Apparels, Automotive, Other Applications 3) By End Users: Network as a Service (NAAS), Data as a Service (DAAS), Storage as a Service (STAAS), Back-end as a Service (BAAS)