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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (716)	2/14/2000 10:50:00 PM
From: Mohan Marette	Respond to of 1471

IDC Sees Internet Boom Time for Asia/Pacific Market research firm International Data Corporation (IDC) recently completed the second of its biannual updates of Internet user forecasts and the revenue generated online for 13 Asia/Pacific countries in 1999. IDC noted at the end of 1998 that Asia/Pacific (excluding Japan) had an Internet user population of 12.9 million users, spending approximately US$722.7 million online. The new research from IDC predicts growth of the region's online population to 21.8 million, spending over US$2.2 billion by the end of 1999. The IDC report predicted that the compound annual growth rate of Internet users from Asia/Pacific (excluding Japan) for 1997-2003 would be 56%. "The continuing explosion of Web connectivity in business and increased activities in the consumer and education sector are fuelling this growth," said Pete Hitchen, Internet research manager at IDC Asia/Pacific. "Other driving forces include an increase in the number of Internet technology and content suppliers, buyers online, and new foreign players entering the Asia/Pacific markets. Internet usage in the business environment is also rapidly increasing." IDC forecasts a boom in Asia/Pacific's Internet user population with an exponential increase in the number of Internet users reaching an astounding 95.2 million by yearend 2004. This will generate online revenue of US$87.5 billion. China, India, and South Korea, which experienced a rapid increase of Internet activity over the past nine months, were the key geographies that IDC identified as areas of opportunity; however, every country saw consistent growth in Internet activities. "This Internet boom in Asia/Pacific highlights the potential of doing business online. Internet businesses, retailers, Web sellers, and government bodies should take note of this rapidly evolving market," Hitchen said. (These findings stem from IDC's report, The Internet Market in Asia/Pacific (excluding Japan), 1997-2004 (IDC #W20923). To purchase this study, please contact Cheryl Toffel at (508) 935-4389 or by email at ctoffel@idc.com. For more information on IDC Asia/Pacific's research offerings, please contact Beth Freedman or Lisa Bloom at 508-872-8200.)