BUSINESSWEEK ONLINE:   Business Week ebiz
DATA MINE Jan. 27, 2000 Business-to-Business Boom Get ready for take-off. The amount of business-to-business electronic commerce is set to soar, according to a new study from market researcher Gartner Group. The value of e-commerce is projected to nearly triple this year, to $403 billion, and then surge to $7.39 trillion. A key component in the boom will be electronic market makers, or organizations that develop Internet marketplaces for particular industries or geographic regions. By creating markets on the Net, these e-market makers create compelling reasons for corporations to conduct business over the Net. For example, e-market makers like PrimeAdvantage (www.primeadvantage.com) or VerticalNet (www.verticalnet.com) let companies buy basic inputs at lower prices than they could get off the Net. Gartner Group predicts that e-market makers will be involved in $2.71 trillion, or 37%, of all business-to-business e-commerce transactions in 2004. The value of business-to-business electronic commerce transactions (in billions): 1999 145 2000 403 2001 953 2002 2,180 2003 3,950 2004 7,290 DATA: Gartner Group _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					MORE NUGGETS The Mother Lode Collected nuggets from Data Mine