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Goldman Sachs foresees boom in b-to-b e-commerce

Published on .

New York--Goldman Sachs & Co. released a study that estimated that business-to-business electronic commerce will grow to about $1.5 trillion by 2004 from a base of $39 billion in 1998. The study said that leaders in b-to-b e-commerce include the following industries: computer, aerospace/defense, electronics, chemicals, motor vehicles and parts, and medical equipment. Goldman Sachs' results are similar to those of an earlier study conducted by Cambridge, Mass.-based Forrester Research, which estimated that b-to-b Internet commerce will surge to $1.3 trillion by 2003.
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