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

Nigeria: ATM is Now a Fraud - Victim

INTERVIEW: Fraud victim describes mistrust of ATMs in Nigeria. more »

Cisco IP Video Technology to Enable Groundbreaking NBC Coverage of Beijing Olympic Games

Cisco announced today it has been selected to provide Internet Protocol (IP) video network infrastructure and video-encoding solutions to NBC during the network's coverage of the 2008 Beijing Olympic Games, Aug. 8-24. more »

Microsoft and NBC Deliver Groundbreaking Online Olympics Viewing Experience

Q&A: Executives from MSN, NBC and Microsoft offer details behind the largest online broadcasting event in history. more »

HP, Intel and Yahoo! Create Global Cloud Computing Research Test Bed

The goal of the initiative is to promote open collaboration among industry, academia and governments by removing the financial and logistical barriers to research in data-intensive, Internet-scale computing. more »

Microsoft Announces Reorganization of Windows and Online Services Business

Platforms & Services Division to Split Into Two Groups and Report to CEO Steve Ballmer. more »

Privacy to the Test – Exploring the Limits of Online Anonymity and Accountability

More can be done to ensure that people can be confident that their privacy will be protected online. more »

Government says card fraud on the rise in U.K.

A UK crime survey shows credit and debit card fraud has reached a record high of £535 million. more »

Cisco Combat Exam Fraud with Global Test Delivery Enhancements

New security measures underscore commitment to protect certification integrity and value. more »

Sparkasse KölnBonn standardizes its branch IT with technology from Wincor Nixdorf

Sparkasse KölnBonn has just concluded a framework agreement with Wincor Nixdorf. The agreement covers more than 500 devices. more »

Aladdin Knowledge Systems Reports Second Quarter 2008 Financial Results

Aladdin Knowledge Systems Ltd. (NASDAQ: ALDN), an information security leader specializing in authentication, software DRM and content security, today announced financial results for the second quarter of fiscal year 2008. more »