Global ebusiness revenues are expected to total USD2.7 trillion in 2004 (>50% in the US) (eMarketer 2003)
B2B ebusiness generates 2-3X the revenues of B2C ebusiness
Global B2B will surpass $1.4 trillion by the end of 2003
B2B revenues in the US will total $721 billion (eMarketer 2003)
B2B sales may have accounted for 90% of all US ebusiness in 1999 (US Census Bureau, 2001)
Mid sized companies using online procurement can reduce purchasing costs by over 70%, saving $2 million annually (Aberdeen Group, 2001)
IV. Where is it going?
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