INTERNET COMMERCE WILL ROCKET TO MORE THAN $1 TRILLION BY 2003, ACCORDING TO
IDC WEB USAGE AND INTERNET COMMERCE ARE BECOMING LESS U.S.-Centric
FRAMINGHAM, Mass., Jun 28, 1999 /PRNewswire via COMTEX/ -- Explosive
growth of the Internet will thrust Internet purchases sky high. In
recent market research, International Data Corporation (IDC) reports
the amount of commerce conducted over the World Wide Web will top a
staggering $1 trillion by 2003.
"Because of the increase in the number of people who make purchases
over the Web, the growth of the average transaction size, and the
adoption ofthe Web as a viable vehicle for business procurement,
Internet commerce willgrow substantially," said Carol Glasheen,
director of primary research andmarket models at IDC.
According to IDC, the number of users who make purchases over the
Webwill jump from 31 million in 1998 to more than 183 million in 2003.
Furthermore, there is ample opportunity to expand the 183 million as it
will represent only 36% of all Web users.
Although the number of Web users is increasing in many foreign
countries, Internet commerce is currently U.S.-centric. In 1998, 56% of
Web users resided outside the United States; however, non-U.S. Internet
commerce accounted for only 26% of worldwide spending. By 2003, IDC
estimates 65% of Web users will be international, and the United States
will account for less than half of worldwide Internet commerce.
"There are several reasons for the U.S. focus today," Glasheen
said."For example, home PC penetration and the percentage of business
PCs thataccess the Internet are much lower outside the United States.
Additionally, the smaller number of users and slightly smaller
transaction sizes outside the country generate smaller amounts of
commerce. But this is changing as Europe and other regions quickly
accept the Web."
IDC's report, The Global Market Forecast for Internet Usage and
Commerce (IDC #B19262), sizes the market for Internet commerce,
including the number of users and devices accessing the Web, the value
of commerce transactions per user, and the number of pages on the Web
from 1995 to 2003. The forecast is segmented by region (the United
States, Canada, Western Europe, Asia/Pacific, Japan, and the rest of
world) and user segment.
The market sizings and forecasts included in the report come from IDC's
Internet Commerce Market Modela, which is based on more than 40,000
primary research interviews annually in 31 countries and on IDC's
supply-side forecasts for PCs, network computers, modems, and other
technologies. This model offers a unique perspective on the Internet
and provides a detailed understanding of Web demographics and
behaviors.
To order a copy of the report, contact Sue Beauregard at
1-800-343-4952, ext. 4774 or at sbeauregard@idc.com.
About IDC International Data Corporation is the information technology
industry's most comprehensive resource on worldwide IT markets, trends,
products, vendors, and geographies. IDC provides data, analysis, and
advisory services to the world's leading IT suppliers as well as IS
professionals in finance, insurance, entertainment, advertising,
consumer goods, and publishing. IDC's research and opinions are based
on the results of more than 300,000 end-user surveys, in-depth
competitive analysis, broad technology coverage, and strategic
analysis. IDC is committed to providing global research with local
content through its 500 analysts in more than 40 countries worldwide.
Additional information on IDC can be found on its Web site at
idc.com.
IDC is a division of International Data Group, the world's leading IT
media, research, and exposition company.
Internet Commerce Market Model is a trademark of International Data
Corporation.
All product and company names may be trademarks or registered
trademarks of their respective holders.
SOURCE International Data Corporation
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Carol Glasheen, 508-935-4787, cglasheen@idc.com, or
Karen
|
