Worldwide B2B E-Commerce To Hit $4.3 Trillion By 2005
Worldwide business to business (B2B) e-commerce is to grow by 83% this year to a value of $516 billion, according to a report released on 10 October by IDC. The longer term growth forecast shows the value of B2B e-commerce rising from $282 billion in 2000 to $4.3 trillion by 2005 – a compound annual growth rate (CAGR) of 73%.
According to the report – The Evolving eBusiness Web: B2B Market Model Forecast and Analysis, 2001-2005 – the US will remain the largest region for B2B e-commerce, with purchases increasing at a 2001-2005 CAGR of 68% to $1.6 trillion. Just behind is Western Europe, where B2B purchasing will increase at a CAGR of 91% between 2001 and 2005 to $1.5 trillion. Asia/Pacific is the growth leader with a CAGR of 109% across the same period.
In 2002, worldwide growth is forecast to come in at 78% reaching a value of $916 billion.
Business to business e-commerce growth
Value ($trillion)
2001-2005 CAGR (%)
US
1.6
68
Western Europe
1.5
91
Worldwide
4.3
73
Source: IDC, 10/10/01
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
