Gartner scales back b2b projections

Gartner Group last week dramatically scaled back its estimates for the growth of business-to-business Internet commerce. Gartner last year predicted that 2004 "would be the year for massive adoption of Internet commerce," said Lauren Shu, director of e-business research at the firm. Gartner has now lowered its 2004 worldwide estimate from US$7.3 trillion in business-to-business Internet transactions to $6 trillion. Shu added that an economic downturn of significant depth could further lower estimates.

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