Regions Outside of the U.S. Have Greatest E-Commerce Potential

Regions located outside of the United States have the greatest potential for e-commerce growth according to research conducted by International Data Corp. (IDC).

The IDC Report revealed that nearly 60 percent of the world’s online audience is located outside of the United States, with this group expected to generate almost 46 percent of global Internet spending by 2003.

IDC’s research showed that e-commerce is strong in Western Europe where the adoption of the Euro is said to be increasing Internet sales. E-commerce spending in this region is expected to grow at an annual rate of 138 percent, topping out at $430 billion by 2003.

An escalation in e-commerce business is also anticipated in the Asia-Pacific region, including Japan, where the number of Internet users is expected to quadruple by 2003. IDC predicts that Internet spending in Asia-Pacific will soar to $72 billion during this same period.

You may like these other stories...

Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results of a new survey released...
As complex as federal tax can get, at least you're only dealing with one agency: the IRS. But when you get into state and local sales tax, you're coordinating hundreds of jurisdictions that are constantly changing....
All that was needed on Tuesday was a voice vote for the House of Representatives to pass a bill that would prevent state and local governments from taxing access to the Internet.Now the ball is in the Senate’s court....

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.