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HolidayBuyer's Guide
Tech Industry

Short Take: Business-focused e-commerce to soar by 2004

Business-to-business e-commerce is estimated to reach $1.5 trillion by 2004 from $39 billion in 1998, according to a study released today by Goldman, Sachs. The report attributes the growth to new businesses that will emerge from mainstream adoption of the Internet. Industries including computer hardware and software; aerospace/defense; electronics; chemicals; motor vehicles and parts; and medical equipment and transport are likely to fuel the expansion, according to the report.

Business-to-business e-commerce is estimated to reach $1.5 trillion by 2004 from $39 billion in 1998, according to a study released today by Goldman, Sachs. The report attributes the growth to new businesses that will emerge from mainstream adoption of the Internet. Industries including computer hardware and software; aerospace/defense; electronics; chemicals; motor vehicles and parts; and medical equipment and transport are likely to fuel the expansion, according to the report.