GartnerGroup: B-to-b e-commerce to hit $7.9 trillion by 2004

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Stamford, Conn.--Business-to-business electronic commerce will hit $7.9 trillion by 2004, up from $145 billion in 1999, according to a report released by GartnerGroup. "The B2B explosion is imminent, fueled by a combustible mixture of investment financing, IT spending and opportunistic euphoria that is being funneled into start-ups and brick-and-mortars' e-commerce initiatives," said Leah Knight, principal analyst, in a statement. GartnerGroup's forecast comes amid a wave of increasingly optimistic predictions for the b-to-b e-commerce marketplace.
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