With the Bombardier contract will Microforum eventually have aerospace/defense covered?
The prime industries targeted for the business-to-business growth
are computer hardware and software; aerospace/defense; electronics;
chemicals; motor vehicles and parts and medical equipment and
transport.
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Goldman sees US$1.5 trillion e-business
market
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SAN FRANCISCO (Reuters) - Investment banking firm Goldman,
Sachs & Co. Thursday said it expects a five-year $1.5 trillion boom in
business-to-business e-commerce in industries ranging from
automobiles to medical equipment.
In a report on the sector, Goldman says that the retail sector, with
sites like Yahoo! Inc and eBay Inc , has gotten most of the attention,
but the business-oriented side "is poised for equally explosive
growth."
Goldman, which has been one of the most active bankers in bringing
Internet companies public, said it sees the $1.5 trillion total being
reached by 2004, and it already estimates that businesses generated
$39 billion from e-commerce applications last year and $114 billion this
year.
"Many companies have already been huge beneficiaries of online
growth, mainly through using the Internet as a new medium for
product distribution and customer interaction," said Goldman.
Within many companies, information technology managers, whose
main concern in the past has been automating corporate services,
have increasingly become "vocal proponents" of spending on
corporate Web sites and online marketing. In the rush to build this
e-commerce infrastructure, the IT managers are looking to outside
technology providers.
Small business will also be "an important driver of the B2B market,"
Goldman said, citing their growing need to operate in an e-commerce
environment.
Among companies mentioned in the report who may be poised to
benefit from the growth of business to business e-commerce are well
known traditional high-tech firms like Oracle Corp. , SAP AG (SAP.N)
and newcomers like VerticalNet Inc., Ariba Inc. and Healtheon Corp..
The report, written by a team of analysts led by Rakesh Sood, says
companies that build the e-commerce infrastructure will benefit from
the growth of e-commerce, as will companies that conduct business
over the Web.
The prime industries targeted for the business-to-business growth
are computer hardware and software; aerospace/defense; electronics;
chemicals; motor vehicles and parts and medical equipment and
transport.
(In U.S. dollars unless otherwise specified.) |
