E-COMMERCE
E-Commerce Market Size & Trends
E-Commerce Market Size & Trends
Unique Feature of E-Commerce Technology
Example of E-Commerce Enabling Business Goals
E-Commerce on an annual basis. A large share of the expected growth in Internet commerce can be attributed to the increase in the online population:
- U.S. online population estimated to increase nearly 50%, from 141.5 million in 2001 to 210.8 million by 2006 (CAGR of 8.2%).
- U.S. online retail sales will grow from $47.8 billion in 2002 to an estimated $130.3 billion in 2006
- There are 2.3 million small companies in the U.S.; with 16% of these in the retail trade and 60% of all small companies have an online presence – potential market size for our service is upwards of 200,000 companies.
- Annual spending per buyer will increase from $457 in 2001 to $784 in 2006.
Figure 1: U.S. Online Retail Sales
(http://www.jmm.com/xp/jmm/press/industryProjections.xml) (US only)
Figure 2: U.S. Online Users
(http://www.jmm.com/xp/jmm/press/industryProjections.xml) (US only)