According to eMarketer's just released eCommerce: B2B Report, U.S. businesses are substantially increasing their online trading activity with direct purchasing via supplier websites leading the way.
North America now accounts for 71% of online trade, and eMarketer estimates that worldwide business-to-business e-commerce will reach $2.7 trillion by 2004. eMarketer analyst Steve Butler said, "the majority of large enterprises continue to see e-business as a long term strategy."
B2B by Global Regions in Billion$
2000 | 2001 | 2002 | 2003 | 2004 | % of World B2B 2004 | |
North America | $159 | 317 | 564 | 964 | 1,600 | 57.7% |
Asia/PacRim | 36 | 69 | 121 | 199 | 301 | 10.8 |
Europe | 26 | 52 | 133 | 334 | 797 | 28.7 |
Latin America | 3 | 9 | 17 | 34 | 58 | 2.1 |
Africa/MidEast | 2 | 3 | 6 | 11 | 18 | 0.6 |
Totals | 226 | 449 | 841 | 1,542 | 2,775 |