New and upcoming research

New and upcoming research


How to Help Your Business Become an AI Early Adopter


(Page 1 of 3)

In this article: GartnerGroup's worldwide business-to-business e-commerce market forecast, 1999-2004 Going global pays off according to the World Economic Forum and Deloitte Touche Tohamaru In virtual world of e-commerce, fulfillment woes are quite real according to Armstrong & Associates
GartnerGroup projects worldwide B2B e-commerce market to soar to $7.29 trillion by 2004

Well-respected IT advisory firm says 'e-market makers' will drive aggressive growth; launches new services to track market dynamics.

Business-to-business (B2B) e-commerce will grow at aggressive rates through 2004, causing fundamental changes to the way businesses do business with each other, according to GartnerGroup, a leading IT advisory firm. According to Gartner, the worldwide B2B market is forecast to grow from billion in 1999 to .29 trillion in 2004. By 2004, B2B e-commerce will represent 7 percent of the forecasted trillion total global sales transaction. (See Figure 1, Worldwide Business-to-Business Market Forecast, 1999-2004.)

The catalyst for B2B e-commerce will be the activities of so-called "e-market makers". According to Gartner, an "e-market maker" is an organization that develops a B2B, Internet-based, e-marketplace of buyers and sellers within a particular industry, geographic region, or affinity group. Among the best-known e-market makers today are Chemdex, VerticalNet, Altra Energy Technologies, Paper Exchange, Instill, PlasticsNet, and Commerce One's Marketsite.net.

Gartner projects that these e-market makers will facilitate .71 trillion e-commerce sales transactions in 2004, representing 37 percent of the overall B2B market, and 2.6 percent of forecasted worldwide sales transactions.

GartnerGroup analysts add that e-market makers will have a critical but subtle impact on transactions that flow through brick-and-mortars' sell-side initiatives. These sell-side initiatives are defined as including extranets, B2B Web storefronts, Electronic Data Interchange (EDI), and flat file transfer over the Internet, as well as related e-commerce activity that allows a seller to leverage the IP network as a channel to its buyers.

The impact of e-market makers and the evolving business models surrounding the multitrillion dollar B2B e-commerce market will be explored in GartnerGroup's soon-to-be-released suite of B2B e-Market Makers advisory services. For more information on these services, contact the GartnerGroup at http://www.gartnergroup.com.

Page 1 of 3

1 2 3
Next Page

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.