Internet data file
By Staff -- Purchasing, 4/22/1999
Here's some interesting data and other tidbits of information about the Internet and e-commerce:* 1998 value of business-to-business purchases on the Internet: $32 billion (Source: International Data Corp.--IDC).
* 2002 value of business-to-business purchases on the Internet (projected): $331 billion (Source: IDC).
* Percentage of U.S. companies with more than 1,000 employees doing business online in 2002 (projected): 82% (Source: Forrester Research).
* 2003 value of U.S. Internet access and hosting services market (projected): $57 billion (Source: Forrester Research).
* U.S. businesses' non-production materials spend: $1.4 trillion a year (Source: Purchasing Magazine).
* Proportion of MRO spend covered by maverick buying: Up to 40% (Source: Aberdeen Group).
* 1998 value of the sell-side e-commerce software market: $113 million (Source: Forrester Research).
* 1998 value of the buy-side e-commerce software market: $16 million (Source: Forrester Research).
* 2002 value of the sell-side e-commerce software market (projected): $1.4 billion (Source: Forrester Research).
* 2002 value of the buy-side e-commerce software market (projected): $490 million (Source: Forrester Research).
* Number of e-commerce software vendors in 2002 (projected): 240 (Source: Forrester Research).
* Time to complete manual purchase requisition cycle: 7.3 days. Time to complete cycle through automated buy-side e-commerce system: 2 days (Source: Aberdeen Group).
* Savings in prices paid for MRO goods through buy-side systems: 5%-10% (Source: Aberdeen Group).
* ROI on buy-side e-commerce systems: 400%-500% (Source: CommerceOne).
* Cost to process an indirect purchase online: $10-$15 (Source: AMR Research).
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