Ecommerce, Technology, IT And Internet Forecasts From EITO
The European Information Technology Observatory (EITO) has compiled its 2002 trends and forecasts statistics on the worldwide and European information and communications technology markets (ICT) markets.
The e-economy By the end of 2001, Europe had 148 million web users – 38% of the total population. EITO expects this to rise to 63% of the population by 2005. Widespread internet use is a precondition for e-business to truly unfold its potential in terms of productivity and competitiveness, new applications and new jobs, says the report.
Total Western European internet commerce in 2001 amounted to approximately E172 billion. EITO expects this market to increase ten times reaching E1,682 billion by 2005.
Worldwide ICT market The group forecasts that the worldwide ICT market will grow by 9.8% from a value of E2,442 billion in 2002 to E2680bn in 2003.
| Worldwide ICT* market average growth | ||
| Market value (Ebn) | YoY growth (%) | |
| 1999 | 1946 | 9.6 |
| 2000 | 2194 | 12.7 |
| 2001 | 2292 | 4.4 |
| 2002 | 2442 | 6.6 |
| 2003 | 2680 | 9.8 |
| * information and communications technology | ||
| Source: EITO, 2002 | ||
Western European ICT market The Western European ICT market is predicted to grow by 7.8% from E678bn in 2002 to E731bn by 2003. Germany and the UK have the greatest share of the market, at 21% each.
| Western European ICT* market growth | ||
| Market value (Ebn) | YoY growth (%) | |
| 2000 | 612 | 13.2 |
| 2001 | 643 | 5.1 |
| 2002 | 678 | 5.4 |
| 2003 | 731 | 7.8 |
| * information and communications technology | ||
| Source: EITO, 2002 | ||
European IT market The EITO research also forecasts the growth of the IT market in the key Western European countries. Growth in 2002 will be highest in the UK, at 7.1%; in 2003 Italy will show the highest IT market growth rate at 10.2%, as shown.
| Western European IT market growth, by country | |||
| 2001 | 2002 | 2003 | |
| France | 5.5 | 5.9 | 9.3 |
| Germany | 1.2 | 2.9 | 7.4 |
| Italy | 7.8 | 6.8 | 10.2 |
| UK | 5.8 | 7.1 | 10 |
| Spain | 6.1 | 6.6 | 9.4 |
| Western Europe | 3.9 | 5.1 | 8.8 |
| Source: EITO, 2002 | |||