Term used to describe the growing industry and economy of
buying and
selling products and services over the Internet. There are two classifications of e-commerce: B2B (business-to-business) and B2C (business-to-consumer).
Some compelling statistics regarding e-commerce and the Internet economy:
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Research firm IDC predicts the world Internet economy to reach 1 trillion by 2001.
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Forrester Research reports that online advertising revenue is expected to reach $33 billion worldwide by 2004.
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Forrester Research reports that the US e-commerce services market is expected to reach 64.8 billion in 2003.
Forrester's Global e-Commerce (B2B & B2C) Predictions For 2004:
Region Totals (in US Dollars)
| | |
North America | 3.5 trillion |
| | |
Asia Pacific | 1.6 trillion |
| | |
Western Europe | 1.5 trillion |
| | |
Latin America | 81.8 billion |
| | |
Rest of World | 68.6 billion |
