This paper presents a conceptual framework for evaluating the adoption of electronic market for electronic business in small and medium-sized enterprises in Australia. Such a conceptual framework is built on a comprehensive analysis of existing research in electronic market, in particular in relation to the value drivers and the critical success factors for adopting e-market in electronic business. Within the proposed framework, the current patterns and trends of electronic market adoption in Australia can be analyzed, and the emerging issues for making full use of the potential of electronic market for electronic business can be discussed.