Global B2B E-Commerce Revenues To Escalate
Worldwide business-to-business e-commerce is set to increase by nearly 74% this year, according to new study from eMarketer.
The E-Commerce Trade and B2B Exchanges report claims that revenues will reach $823.4 billion by the end of 2002, up from $474.3 billion last year.
By the end of 2004, B2B revenues are expected to total $2.3 trillion. This is less than predicted by other leading research companies but still represents a compound annual growth rate (CAGR) of almost 71% over four years.
| World B2B E-commerce Revenue Forecasts | ||
| Revenue ($ billion) | YoY Growth (%) | |
| 2000 | 278 | |
| 2001 | 474 | 70.5 |
| 2002 | 823 | 73.6 |
| 2003 | 1,409 | 71.2 |
| 2004 | 2,367 | 68.0 |
| Source: eMarketer, June 2002 | ||
