| Technology
Where
the Internet used to be a haven for B2C transactions,
businesses soon began to realize that the real power of
the Internet lies in the B2B market. That trend
has picked up speed in the past year, as the dot-com
graveyard is littered with niche companies focused on
industry-specific consumer goods.
The
real power of the Internet lies in the
business-to-business marketplace, which is currently
worth almost $50 billion dollars and should double in
the coming year.
Many
large companies have survived and even thrived in
executing business-to- consumer e-commerce, with
organizations like Red Envelope, Schwab and Amazon
continuing to post strong numbers.
As
the Internet continues to shake out and consumers get
more and more accustomed to shopping online, there no
doubt will be new success stories. Internet advertising
and marketing will continue to shape these purchasing
patterns. Despite tremendous losses among dot-coms,
companies will continue to invest money promoting their
online commerce, as an entire generation does not even
know a world where you couldn't purchase just about
anything, anytime, online.
FUTURE
TRENDS:
While the past twelve months have been
difficult for the Internet economy and e-commerce in
general, the future remains bright as
business-to-business e-commerce is currently worth $50
billion and is expected to reach well over 1.2 trillion
dollars in the coming 18 months.
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