E-marketplace services will grow at a 27 percent compound annual rate to $17 billion in spending in 2005 while e-procurement application sales, which jumped 167 percent last year, will climb to $9.7 billion in 2004 from $47 million in 1997, analysts with research firm International Data Corp. have concluded in two reports.
The Framingham, Mass.-base IDC, a division of International Data Group, says explosive growth in North American e-marketplace services has peaked and that a slowdown there will be compensated by growth in Western Europe and the Asia/Pacific region.
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