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

Language barriers broken on Net

LANGUAGE LINE SERVICES announced Thursday that it is offering translation and interpretation services in more than 140 languages via the Internet. more »

New technology comes in loud and clear

Speech recognition technology got a tryout on the second day of Upside's Digital Living Room conference today, and was a screaming success. more »

Hotmail Clients Getting Steamed

After having no email for 10 days, Hotmail users have discovered another reason to be annoyed. more »

JSC "Penki kontinentai" : Events of the Month

The most important events in the world of information technologies somehow or other connected with the activity of JSC "Penki kontinentai". more »

search.lt news

search.lt presents newest links more »

AOL Says Hackers Broke Into Some Member Accounts

America Online Inc. said vandals had broken into its AOL service. more »

Opera: Browsing To A Different Tune

An "alternative" browser more »

Charges in ‘Love Bug’ Virus Case Expected Soon

As the Philippines National Bureau of Investigation prepared to file charges against a failed computer science student for allegedly releasing last month’s “Love Bug” virus, President Joseph Estrada yesterday signed into law the E-commerce Act. more »

A plan to add domains beyond ".com," ".org"

(ICANN) has posted an outline of its plan to add domains beyond the commonplace ".com," ".net" and ".org" suffixes. more »

Hotmail deleted user’s messages

The expansion of membership, as last week showed, cause lots of problems to one of world e-mail tycoons Hotmail. more »