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eMarketer Forecasts Worldwide B2B E-Commerce Will Reach $823.4 billion By 2002

eMarketer Forecasts Worldwide B2B E-Commerce Will Reach $823.4 billion By 2002

The E-Commerce Trade and B2B Exchanges Report by eMarketer forecasts that worldwide B2B e-commerce will total $823.4 billion by the end of 2002. Strong growth is forecast to continue through to 2004 when online B2B revenue will reach nearly $2.4 trillion.

“Despite last year’s difficult economic climate, many companies pressed on with their e-business initiatives, continuing to lay the foundation for e-commerce trade” says eMarketer analyst Steve Butler, “leading EDI vendors and industry-backed exchanges are currently helping large enterprises bring their smaller suppliers online, setting the stage for significant e-commerce growth.”

eMarketer estimates that online e-commerce accounted for less than 2% of all US B2B trade during 2001.

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