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Forecast worldwide e-commerce to reach $5.5-tril in 2004
Added: (Tue Dec 05 2000)
FOR IMMEDIATE RELEASE
CONTACT: Keith Parker
December 5, 2000
Data Analysis Group
Phone: (707) 894-9100
E-mail: support@infott.com
URL: www.infotechtrends.com
New Creek Ranch, California - December 5, 2000. Efforts to reduce costs and streamline supply chains will fuel a 92.6% annual growth rate for
e-commerce and push the worldwide business-to-business (B2B) market to $5.5-tril in 2004. E-commerce allows businesses to dynamically
exchange goods and services over the Internet. With e-commerce buyers and sellers can transact quickly and efficiently using pricing
mechanisms such as catalog fixed-pricing and dynamic pricing which includes auctions, exchanges and barter. The exciting thing about
e-commerce is that the it will be acted out by traditional industries such as manufacturing, petrochemicals, shipping, pulp and paper.... To them
e-commerce essentially is just another way - though an exciting one - to reduce costs.
Net markets will come in three basic types. 1) Trading exchange platforms will support commerce over multiple markets, much like commodity
exchanges. 2) Industry sponsored exchanges (ISEs) will serve the needs of industry-specific consortia, e.g., the big three auto makers. 3) Net
market makers (NMMs) will focus on vertical markets and business processes to mediate transactions among multiple parties, e.g., from
fishermen to fish processors to restaurants.
Forecast market for B2B e-commerce, worldwide.
$-Tril
2000 0.4
2001 0.8
2002 1.5
2003 2.9
2004 5.5
AGR 92.6%
Source: www.infotechtrends.com