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
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