To: Bindusagar Reddy who wrote (52304 ) 8/18/1998 11:19:00 PM From: djane Respond to of 61433
Number of Non-U.S. Web Surfers to Skyrocket by 2002 industrystandard.net August 18, 1998 By Kristi Essick The number of non-U.S. users of the World Wide Web will increase more quickly over the next four years than the number of their U.S. counterparts, according to new research from International Data Corp. In total, there will be approximately 100 million global Web users by the end of 1998, and 320 million by 2002, the Mass.-based research firm said. In addition, there were 78.1 million devices used to access the Web in 1997, while this number will jump to 515 million in by 2002 , said IDC in the new report, entitled "The Global Market Forecast for Internet Usage and Commerce." While the growth of Web users and Internet access devices will remain steady in the U.S., the real explosion in numbers will occur in the Asia-Pacific region between 1997 and 2002 , but other areas outside the U.S. will also experience high growth, IDC said. Overall, the percentage of worldwide users buying goods on the Internet will increase from 26 percent in December 1997 to 40 percent in December 2002, IDC added. While the percentage increase in online shoppers is modest, given the jump in the number of Internet users over the same period, the number of Web shoppers will rise dramatically, IDC said. In 1997, there were 18 million people using the Internet for shopping worldwide, whereas there will be more than 128 million in 2002, the report said. Due to the huge increase in the number of Web shoppers, IDC predicts that more than $400 billion worth of goods and services will change hands over the Internet by 2002, a compound annual growth rate of 103 percent between 1997 and 2002. Kristi Essick writes for the IDG News Service in Paris. Copyright c 1998 The Industry Standard | All rights reserved | Webmaster