Consumers Still Shopping Online Despite Slowing Internet Economy
New York, NY/March 20, 2001 - eMarketer`s eCommerce:B2C Report, which aggregates data from more than 100 research organizations and was released today, reveals that consumers spent $59.7 billion online last year, compared to $30.1 billion in 1999, a 98% increase.
eMarketer projects B2C global e-commerce revenues will reach $101 billion by year end, rising to $167 billion in 2002 and $250 billion by 2003.
"Despite all the negative press online shopping has received lately, we`re seeing that consumers continue to purchase over the internet," said Geoff Ramsey, eMarketer CEO. "Those B2C companies who deliver on the e-consumer need for convenience and customer service support will survive the current economic slide."
"Companies around the globe and across all industries are leveraging the internet to achieve business efficiencies and deliver new levels of customer care," added Ramsey.
The 335-page eCommerce:B2C Report offers the most comprehensive and detailed look so far at the state of B2C e-commerce around the world today. Containing 567 charts, this eMarketer Report paints a picture of a market that is growing at an exponential pace, undeterred by deflated technology stock prices and the failure of many internet start-ups. It covers the 28 leading economies worldwide, including countries in North America, Europe, Asia and Latin America.
If you would like to receive a copy of the eCommerce:B2C Report or would like to speak to an eMarketer analyst, contact Craig Sender at csender@emarketer.com.
About eMarketer
eMarketer, www.emarketer.com, the world`s leading provider of internet statistics, is recognized as the authority on business online. Its award-winning website has been visited by millions of marketers from more than 140 countries, and its newsletters are sent to over 350,000 e-mail addresses every week. The company`s comprehensive reports aggregate, filter, organize and analyze statistics, news and information from the world`s foremost research companies, consultancies and business news services. eMarketer`s articles, market projections and analytical commentaries are featured by hundreds of news organizations and business publications every week.
Contact:
Gary Galati
212.677.6300 x201
ggalati@emarketer.com
Craig Sender
212.677.6300 x292
csender@emarketer.com
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