Forecast Worldwide E-commerce to Reach $5.5-Trillion in 2004
| 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 | |
The information in this press release is based on a review of InfoTech Trends database of market research statistics. For more market data on the information technology industry go to Free Data. To see our press releases go to Press Releases.
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