European Ecommerce Growth Is Triple That Of United States
European ecommerce revenue growth is around triple that of the United States and is set to reach almost $1 trillion by 2004, according to new forecasts from eMarketer. By the same year, US ecommerce revenue will have reached $1.14 trillion.
The European market is set to achieve a compound annual growth rate (CAGR) of 142% between 2001 and 2004. The US, by comparison, will have a CAGR of just 48%, according to the forecasts.
| European And US Ecommerce Revenue Forecasts ($ billion) | ||||
| Europe | YoY Growth (%) | US | YoY Growth (%) | |
| 2001 | 68.9 | 355.3 | ||
| 2002 | 169.8 | 146.4 | 557.1 | 56.8 |
| 2003 | 416.0 | 145.0 | 821.3 | 47.4 |
| 2004 | 979.8 | 135.5 | 1,137.2 | 38.5 |
| Source: eMarketer, May 2002 | ||||
