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Spending millions on e-marketplaces

Companies will spend an estimated $5.4 million to $22.9 million each to integrate into online marketplaces over the next five years, according to a new report by Forrester Research. The result will be big business generation for e-marketplace vendors while putting cost performance pressures on Net markets themselves. In order to capture the benefits of buying and selling goods on marketplaces, companies are expected to invest heavily in changing internal procurement processes; integrating marketplaces within internal systems; purchasing B2B applications; and paying marketplace transaction fees. In addition, Forrester projects that consulting projects for e-commerce integrators like PricewaterhouseCoopers will swell to $3.2 billion in five years.

Companies will spend an estimated $5.4 million to $22.9 million each to integrate into online marketplaces over the next five years, according to a new report by Forrester Research. The result will be big business generation for e-marketplace vendors while putting cost performance pressures on Net markets themselves.

In order to capture the benefits of buying and selling goods on marketplaces, companies are expected to invest heavily in changing internal procurement processes; integrating marketplaces within internal systems; purchasing B2B applications; and paying marketplace transaction fees. In addition, Forrester projects that consulting projects for e-commerce integrators like PricewaterhouseCoopers will swell to $3.2 billion in five years.