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To: allen v.w. who wrote (29560)1/4/2000 5:20:00 PM
From: John O'Reilly  Read Replies (1) of 40688
 
Boston Consulting Group:Boom in B2B Transactions Expected

One quarter of all business-to-business purchases will be made online by 2003, according to a new report from Boston Consulting Group. These transactions will be worth USD2.8 trillion, based on an expected growth rate of 33 percent per year from 1998 to 2003.

B2B ecommerce in the US was worth USD671 million in 1998 with almost USD100 million coming from Internet-based transactions and the rest from Electronic Data Interchange (EDI) between companies. Boston Consulting predicts that this trend will have reversed in three years time with three times as much online b2b ecommerce being carried out over the Internet than through EDI.

The United States and Canada will continue to lead the way in b2b online business and USD3 trillion should be raised yearly in this region, compared with USD1.8 trillion in the rest of the world.

Ecommerce penetration around the world will triple with an increase from seven percent to 24 percent in North American and growth from three percent to 11 percent in Europe. Online business penetration should increase from two percent to nine percent in the Asia-Pacific region and
from two percent to seven percent in Latin America.

Six sectors will lead the way in b2b online transactions, constituting more than 65 percent of business. These are the retail sector, the motor vehicle industry, shipping, industrial equipment, technological goods and government agencies and departments.

<http://www.bcg.com/practice/ecommerce/press_coverage_subpage4.asp>
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