European online trade revenues are expected to multiply in the next few years and will account for more than a fifth of all business trade by 2006, according to a new study by Forrester Research.
The Future Of Europe’s Online B2B Trade reported on thirteen different industries in fifteen European countries and predicts that electrical equipment, chemicals and logistics will be the driving forces behind the growth in European online trade.
At the close of 2001, online trade was worth E77 million, equivalent to less than 1% of total business trade. However, the anticipated upsurge in web dealings will result in revenues of E2.2 trillion by 2006, according to Forrester analyst, David Metcalfe.
“The rapid growth and high volume of Net-based trade in France, Germany and the UK will pressure proximate countries with deep trading relationships – like Belgium, Austria and Ireland – to accelerate their migration to the net,” said Metcalfe.
