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

Study: Interactive revolution will be televised

Infrastructure advances, coupled with growing consumer demand, are fostering a revolution in the emerging interactive television market more »

Philippines drops charges in 'ILOVEYOU' virus case

The Philippines on Monday dropped all charges against a computer school drop-out suspected of being responsible for the "love bug" virus. more »

search.lt news

search.lt presents newest links more »

Banner in Lithuania – the Same or Different?

Successful advertising of a website cannot be possible without small picture – banner. Western countries know this principle very well but to Lithuania it came recently. more »

Oracle steps up its e-business battle

Oracle will announce its next-generation flagship applications suite at a company event next week. more »

2 Firms To Offer Visa Cards On Web

LifeMinders, the Herndon-based provider of e-mail-based information and direct marketing services, announced a deal yesterday with the nation's largest Visa-card issuer to offer credit cards online. more »

Colleges spurn Metallica request to ban Napster

At least three renowned universities have decided against banning the use of the popular Napster digital music file-swapping software on their college campuses. more »

California governor vetoes Internet tax bill

California Gov. Gray Davis vetoed a bill that would have required sales tax on online purchases made by state residents. more »

10 Interesting and Useful Links about Lithuania

Some links about legislature and economy, culture, media, sports more »

InfoBalt Report

Infobalt Association organizes a special meeting more »