Despite slow short-term growth, the worldwide B2C market is set to be worth £428 billion by 2004 according to new research by eMarketer.
Currently, due to the failure of many dotcoms over the past year, B2C commerce accounts for only a small percentage of all retail but eMarketer forecast that this will change after 2002 when larger increases in B2C revenues will be seen.
| Worldwide B2C eCommerce Revenues By Region, 2000-2004 (billions) |
| Region |
2000 |
2001 |
2002 |
2003 |
2004 |
| North America |
$47.5 |
$74.4 |
$110.6 |
$135.2 |
$197.9 |
| Latin America |
$0.7 |
$1.8 |
$3.3 |
$5.5 |
$8.1 |
| Europe |
$8.1 |
$16.5 |
$37.1 |
$81.8 |
$182.5 |
| Africa/Middle East |
$0.2 |
$0.3 |
$0.6 |
$1.1 |
$1.6 |
| Asia |
$3.2 |
$8.3 |
$15.6 |
$26.4 |
$38.0 |
| World |
$59.7 |
$101.1 |
$167.2 |
$250.0 |
$428.1 |
Source: eMarketer
| Worldwide B2C eCommerce Revenue Comparisons ($b) |
| |
2000 |
2001 |
2002 |
2003 |
2004 |
| eMarketer |
60 |
101 |
167 |
250 |
428 |
| Forrester |
53 |
96 |
169 |
284 |
452 |
| Gartner |
|
|
|
380 |
|
| IDC |
59 |
|
|
213 |
|
| Ovum |
29 |
49 |
81 |
133 |
219 |
| Avg |
50 |
82 |
139 |
252 |
366 |
