No end to growth of web-based retail selling, says new eMarketer report
There’s plenty of growth left in the online retailing market, says the new “North America E-Commerce: B2C & B2B” report just out from eMarketer Inc. EMarketer’s research projects that the number of online consumers age 14 or older who will buy online will grow 29.5% from 73.3 million last year to 94.9 million in 2005. The number of online shoppers will grow similarly, 29%, from 93.3 million last year to 121.1 million in 2005.
The amount they spend at retail will skyrocket 93%, from $45.54 billion last year to $88.1 billion in 2005. This year they will spend $58.23 billion, up 28% from last year, eMarketer projects.
And the amount they spend on travel arrangements online will grow 81% from $24.8 billion last year to $45.2 billion in 2005. This year, online consumers will spend $31.9 billion on travel, eMarketer says.
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