The Hindu Business Line : B2B market to touch Rs 3,800 cr

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New Delhi Jan. 27 EstatsIndia, an Internet research and consultancy firm estimates that the business-to-business (B2B) e-commerce market is set to touch Rs 13,550 crore at a CAGR of 52.63 per cent by the end of 2009. For the 2006-07 fiscal, the B2B market is likely to be Rs 3,800 crore. Within the e-commerce market, the e-procurement segment would grow fastest at a CAGR of 50.93 per cent and cross Rs 12,100 crore in the next two years.

Indiamart.com, a B2B online platform, has been forecast to increase its revenues from Rs 9 crore in 2004-05 to Rs 53 crore by 2007-08 and cross Rs 125 crore by 2009-10. Whereas, Metaljunction.com and Agriwatch.com are slated to grow from Rs 50 crore in 2004-05 to Rs 920 crore and Rs 7 crore in 2004-05 to Rs 255 crore by 2009-10 respectively.

Similarly, 01markets.com, which earned revenues worth Rs 85 crore in 2004-05 is likely to grow from the current Rs 280 crore to Rs 1,125 crore over the next three years against Indiamarkets.com, which is slated to grow from Rs 800 crore in 2004-05 to Rs 10,100 crore by 2009-10 and Commercejunction.com is expected to increase its revenues from Rs 10 crore to Rs 60 crore in the same period.

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