Stuart Gentle Publisher at Onrec

E-commerce worth trillions


Worldwide B2B e-commerce will total $823.4 billion by the end of 2002, eMarketer found, and the strong growth will continue through 2004.

According to eMarketerís ìE-Commerce Trade and B2B Exchangesî report, Internet-based B2B trade will reach nearly $2.4 trillion by 2004.

EMarketer estimates that online e-commerce accounted for slightly less than 2 percent of all U.S. B2B trade during 2001. In early 2001, there were over 2,200 Internet-based marketplaces worldwide, and thereís evidence the market has plenty of room for growth. Only 11 percent of corporations report fully implemented e-business strategies.

The B2B e-commerce projection from IDC is more ambitious than eMarketerís. IDC expects the total worldwide value of goods and services purchased by businesses through e-commerce solutions will increase from $282 billion in 2000 to $4.3 trillion by 2005.

According to IDC, the United States will remain the largest region for B2B e-commerce, with purchases increasing at a compound annual growth rate of 68 percent from 2001 to 2005. Close behind is Western Europe, where B2B purchasing will increase at a compound annual growth rate of 91 percent from 2001 to 2005. Asia-Pacific is the growth leader with a compound annual growth rate of 109 percent during this time.