Sales at Amazon Business predicted to climb
| 19 December, 2019
RBC Capital predicts that sales at Amazon Business will hit $31 billion by 2023.
RBC Capital Markets analyst Mark Mahaney said in a note: “We believe Amazon Business has largely been ignored by investors,” adding that "Amazon is doing a good job adding features that B2B sellers, in particular, find useful."
According to RBC, Amazon Business served over 2 million customers worldwide last year.
Amazon Business targets B2B sales with features including access to Pay by Invoice, downloadable VAT invoices and Business Prime membership.