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 $1.14 trillion.
European And US Ecommerce Revenue Forecasts ($ 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 |