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Amazon Business, the B2B marketplace, has hit $25 billion in sales volume, the company said.
It s on pace to hit $80 billion by 2025, Baird Equity Research said.
Amazon is pouring resources into the marketplace by hosting its first major conference this week.
Amazon s marketplace for business customers is growing at a rapid pace fast enough to merit its own big conference.
Amazon announced this week that its business-to-business marketplace, called Amazon Business, had reached $25 billion in worldwide annualized sales. That amount is up from 2018, when Amazon Business disclosed it had reached $10 billion in total sales volume, and comes five years after the marketplace facilitated its first $1 billion worth of product sales.