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The
Forecast for Business-to-Business
E-Commerce
While business-to-business
electronic commerce accounted for
just four percent of all B2B spending
in 2001, online activity will rise
steadily over the next five years
and comprise 36 percent of all spending
by 2006, reports Jupiter Media Metrix
Inc., a New York-based research
firm.
E-commerce will account for 7 %
of B2B spending in 2002, 12 % in
2003, 20 % in 2004 and 29 % in 2005,
Jupiter projects. Online spending
is expected to total $793 billion
this year, with a projected increase
to $5.4 trillion in 2006.
Among the industries that will move
the largest share of commerce online
is computer and tel-com equipment.
The sector, which had eight % of
its B2B trading occurring online
last year, will increase its penetration
to 15 % in 2002, 30 % in 2003, 41
% in 2004, 52 % in 2005 and 60 %
in 2006, Jupiter projects.
Other industries making major moves
to B2B e-commerce are aerospace
and defense, which will conduct
54 % of its trading online by 2006,
up from 11 % in 2001; motor vehicles
and parts, with online penetration
jumping from 10 % last year to 50
% in 2006; metals and mining, going
from six % in 2001 to 43 % in 2006;
and chemicals, increasing from seven
% in 2001 to 39 % in 2006.
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