Private B2B exchanges continue growth

Technology spending on business-to-business private exchanges continues to grow and is expected to surpass investments in public marketplaces, according to a study released Monday. Spending by North American businesses on building private exchanges will shoot from $230 million in 2000 to over $37 billion by 2005, according to Jupiter Media Metrix. That figure, the study says, outpaces the growth of spending on technology for public marketplaces. Technology spending for private exchanges, or what Jupiter calls private business-to-business trading networks, will grow 300 percent per year through 2003, while spending on public marketplaces will grow only 95 percent per year during the same period.