B2B TECH START-UPS TREBLE IN 5 YEARS: STUDY
08, May 2019
Prelims level : Governance Mains level : Governance, Constitution, Polity, Social Justice and International relations
Why in News:
- Business-to-business (B2B) technology start-ups have more than trebled in the last five years driven by the spurt in the need for digital transformation of enterprises, financial institutions, hospitals, government and small and medium enterprises (SMEs), among others.
- While the number of such ventures has increased from 900 to over 3,200, the investment in such start-ups touched $3.7 billion in 2018, a rise of 364% from $797 million in 2014, as per a study
- According to the study, 70% of the B2B start-ups are in the area of enterprise technology, financial technology and health technology.
Growth of B2C
- However, the growth in the number of B2C technology start-ups has been comparatively slower since there were 2,200 such B2C ventures in 2014.
- Within the B2B technology segment, ‘advanced tech start-ups’ have grown at a higher pace when compared to the entire technology start-up segment.
- Advanced B2B tech start-ups typically deal in 3D printing, blockchain and robotic process automation.
- Bengaluru is the top city for B2B technology start-ups followed by Delhi NCR and Mumbai, with the three cities accounting for about 60% of all B2B technology start-ups.
- Further, Hyderabad, Pune and Chennai are poised to be the growing start-up hubs on account of flexible economic policies, State government support and access to various industries.
- There are over 50 corporate accelerators and incubators in the country, focussing on technologies such as AI/ML, Big Data, Cloud, Blockchain, Cybersecurity, among others,”
Different types of e-commerce
- Business-to-business (B2B)
- Business-to-Consumer (B2C)
- Business-to-government (B2G)
- Consumer-to-consumer (C2C)
- Government to consumer (G2C)
- Government-to-business (G2B)