Anyone still want to sell?...............Posted at 2:05 p.m. PST Wednesday, January 26, 2000
Business-to-business
e-commerce seen soaring
SAN JOSE, Calif (Reuters) - Business-to-business electronic
commerce will show blistering growth in the coming years, with the
worldwide market expected to expand to $7.29 trillion by 2004,
more than 50 times larger than in 1999, a market research firm said
on Wednesday.
Growing from $145 billion last year, business-to-business (B2B)
e-commerce by 2004 will represent about 7 percent of the total
global sales transactions, estimated at $105 trillion, GartnerGroup
said.
''The B2B explosion is imminent, fueled by a combustible mixture of investment financing, IT
(information technology) spending and opportunistic euphoria that is being funneled into start-ups
and brick-and-mortars' e-commerce initiatives,'' said Leah Knight, principal analyst for
GartnerGroup's e-Business Intelligence Services.
''Collectively, they will drive short-term economic disruption but long-term business efficiency
across industries and geographies,'' Knight said.
So-called e-market makers are expected to be the catalysts of growth -- developing
business-to-business, Internet-based markets of buyers and sellers within a particular industry,
region or group.
GartnerGroup said e-market makers were seen facilitating $2.71 trillion in e-commerce sales
transactions in 2004, about 37 percent of the overall business-to-business market, and 2.6 percent
of worldwide sales transactions.
GartnerGroup said among the best known e-market makers were Chemdex Corp. VerticalNet Inc.
Altra Energy Technologies Inc., PaperExchange.com, Instill Corp., PlasticsNet.com and
Commerce One Inc.'s Marketsite.net.
The firm said the worldwide business-to-business market was poised for explosive growth,
reaching $403 billion in 2000, $953 billion in 2001, $2.18 trillion in 2002 and $3.95 in 2003. |
