Europeans Still Shy From E-commerce

Published: 3 February 1999 y., Wednesday
While still trailing the U.S. in terms of percentage of Internet users, Europe made great strides in the online world last year, according to new research from IDC. Before 1998, many Europeans perceived the Internet as a domain for academics, scientists and technically minded people. However, by the end of last year, many considered the Web an important business and consumer information tool, IDC said. Approximately 10 percent of Western Europe was connected to the Internet by the end of the year, but penetration rates varied greatly from country to country. By 2002, IDC predicted, 35 percent of Western Europeans will use the Internet. However, while Europe may have caught on to the Internet in 1998, people here still have a long way to go in terms of using e-commerce. Europeans are wary of purchasing products online and only 11 percent of Internet users actually made an online purchase in the last three months of the year, IDC said. In 1998, e-commerce was worth 4.87 billion euros ($5.6 billion) in Western Europe, but the majority of this figure is represented by business-to-business transactions, IDC said. Business-to-consumer transactions accounted for just 1.61 billion euros by the end of the year. However, the future looks brighter for e-commerce, with around 25 percent of Western European Web users expected to make purchases online by 2002, according to IDC. use the Internet.
Šaltinis: IDC
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Media Makers Content to Interact

Interactive media companies are learning that it's better to join 'em than try and beat 'em. more »

AOL browses handsets with Nokia

America Online put itself into the wireless handset game Thursday when it announced a licensing agreement to use Nokia's WAP microbrowser. more »

New version of Melissa virus said spreading

A new version of the Melissa virus that crashed computer networks two years ago by clogging up e-mail systems is back, experts warned Friday. more »

Denmark's first online newspaper launched

Denmark's first online newspaper, Infopaq, was launched Monday with 300 national and international news articles, its director said. more »

search.lt news

search.lt presents newest links more »

Study: More Net merchants need anti-fraud technology

Credit card and debit card fraud could cost online merchants billions of dollars over the next five years unless they implement the technology to detect it, a new report says. more »

11 Million Home Internet Users in UK

There are now more than 11 million people using the Internet at home in the UK, according to NetValue. more »

Netvision CEO: Hacker Attacks on Israeli Websites Continuing

The recent spate of hacker attacks on prominent Israeli websites is part of a global problem with no short-term solution more »

search.lt news

search.lt presents newest links more »

Joint space exploration program

KAZAKHSTAN PLANS TO BUILD AND LAUNCH ITS OWN COMMUNICATION SATELLITE more »