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.
This story, "IDC: E-commerce to top $1 trillion in four years" was originally published by Computerworld.