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| GartnerGroup's Dataquest Says Business-to-Consumer E-Commerce to Become a $380 Billion Industry by 2003 | |||
| Dataquest Study Provides Global Outlook of Marketplace Through 2003 | |||
| Lake Buena Vista, Fla., October 12, 1999-Business-to-consumer electronic commerce companies have learned their lessons from past years as the U.S. model of consumer e-commerce is being implemented on a worldwide basis, according to Dataquest Inc., a unit of Gartner Group, Inc. (NYSE: IT). Dataquest analysts estimate the worldwide business-to-consumer e-commerce market to reach $31.2 billion in 1999, up from $11.2 billion in 1998. The market will experience explosive growth through 2003 when revenue will surpass $380 billion. | |||
| "The reduced costs of Internet access and the growth of locally-based online merchants will drive the birth of large-scale e-tailing throughout the world," said Blaine Mathieu, senior industry analyst for Dataquest's e-Commerce Worldwide program. "On a regional basis, the so-called 'brick and mortar' businesses outside of the United States have had the advantage of watching consumer e-commerce develop over the last two years and are determined not to repeat the mistakes of real-world retailers who were caught off guard by the e-commerce revolution." | |||
| The United States is on pace to have business-to-consumer e-commerce in 1999 total $20.5 billion, and by 2003, the U.S. consumer e-commerce will reach $147 billion. The European business-to-consumer e-commerce market is projected to grow from $5.4 billion in 1999 to more than $115 billion in 2003. | |||
| "The advent of free Internet accounts is dramatically increasing the number of Internet users in Europe," Mr. Mathieu said. "Relatively high penetration of smart cards, digital wallets, and other secure payment methods is reducing security concerns. Consumer e-commerce in Europe is promoted by the increased development of home-grown solutions, utilizing local currencies, languages, and distribution channels. Customers in other regions of the world no longer have to order from e-tailers based in the United States." | |||
| This information is produced by Dataquest's e-Commerce Worldwide program. This program is designed to help executives, product marketers, strategic planners, and investors capitalize on emerging opportunities by providing research and analysis on the electronic commerce marketplace. Additional information on this program is available on Dataquest's Web site www.dataquest.com/public/static/home/n04dcomww.html. | |||
| To subscribe to this program please call 800-419-DATA, or 408-468-8009. More information about Dataquest's programs, descriptions of recent research reports, and full text of press releases can be found on the Internet at www.dataquest.com. | |||
| The e-business market is also being discussed at the world's leading IT conference, GartnerGroup Symposium/ITxpo 99, running now through October 15 in Lake Buena Vista, Florida. This conference presents leading-edge IT news, solutions, and developments essential to effective IT planning. The U.S. Symposium/ITxpo is sold out, but keynotes and many analyst sessions are being Webcast on GartnerGroup's Web site at www.gartner.com/symposium/static/99/us/intro.html. | |||
| GartnerGroup's Dataquest is the recognized leader in providing the high-technology and financial communities with market intelligence for the semiconductor, computer systems and peripherals, communications, document management, software, and services sectors of the global information technology industry. | |||
| As the world's leading authority on IT, GartnerGroup provides clients with a wide range of products and services in the areas of IT advisory services, measurement, research, decision support, analysis, and consulting. Founded in 1979, with headquarters in Stamford, Conn., GartnerGroup is at the center of a global community serving Fortune 1000 clients from 80 locations worldwide. Additional information about the company is available on the Internet at www.gartner.com. | |||
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