Business To Business is Booming

B2B is a transaction from one business to another via the Net. This covers everything from auctions to solution providers. It includes business-to-business sales and shopping, as well as provision of services. It is emerging as a huge marketplace, now 10 times larger than e-tailing (Business to Consumer or B2C) and expected to grow from 145 billion in 1999 to 7.29.Trillion by 2004 in the U.S.A alone. (Gartner Group). In addition to the booming sales between businesses, the marketplace for B2B on the net is emerging rapidly. It is an emerging market of new technologies to help businesses communicate, market and manage bette r.

In the new digital media, technology replaces paper-based processes, resulting in lower costs, greater accuracy, higher speed, and more inter-company collaboration. The growing resources of on-line services are helping businesses to be more effective and efficient in just about every business area. Some of the most popular of these digital services are; news services, direct mail marketing, collaborative planning, procurement, marketplaces, HR development and training.