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

Web Phones Take Wing

Now, cell phones can deliver nifty Net services fast, and Americans are signing up by the millions more »

search.lt news

search.lt presents newest links more »

The Best Internet Portal

Internet Portal Developed by Lithuanians Ranked Best in the USA more »

Europeans Show Strong Interest in 3G

A significant number of Europeans are interested in 3G wireless technology, and half are willing to pay for it more »

Out of Phone Numbers? Add Digits

Someday soon North American telephone numbers might add up to 12 digits, including area code, instead of the current 10 more »

search.lt news

search.lt presents newest links more »

White House Releases Cybersecurity Plan

The Bush administration released a scaled-back cybersecurity strategy outlining steps that the government, industry and citizens should take to protect computer systems from online attacks more »

Microsoft patch can lock users out of Web sites

A recent Microsoft Corp. security patch for Internet Explorer (IE) can lock users out of certain Web sites more »

E-hoard with Microsoft's life database

'Surrogate memory' stores your life on hard disk more »

The fastest market

Lithuania’s Payment Card Market is Growing Fastest in CEE more »