December 01, 2000, 5:55 PM — Worldwide Internet commerce will top $1 trillion by 2003, according to a new
report by International Data
Corp. (IDC). The Framingham, Mass.-based research firm said more consumers buying
online, larger dollar amounts per transaction and increased business purchases on the
Web will contribute to that growth.
IDC forecasts that the number of users buying online will rise from 31 million last
year to more than 183 million in 2003. By 2003, U.S.-based users should account for
less than half of all Internet commerce, compared with 74% last year, the company said.