How much business will be e-business?

US business to business:

• revenues expected be around $1.1T by 2003. ($350B expected in 2001)1

US business to consumer:

Between 1994 and 1999 the Information & Communications Technologies (ICT) industries contributed more than 30% of all US economic growth yet represented only 8.3% of GDP (in 2000). Similarly from 1994 to 1998 they also lowered overall US inflation by at least 0.5% each year. Many economists believe that they have increased the long run rate of sustainable US growth by 0.5% per annum for the next ten years....
U.S. Department of Commerce Report - Digital Economy 2000

• revenues expected to be around $150B by 2003 ($55B expected in 2001)

UK business to business:

• 2001 revenues forecast to be $15bn; and
• 2003 revenues forecast to be $65bn.

UK business to consumer:

• 2001 revenues forecast to be $2.5bn; and
• 2003 revenues forecast to be $8.8bn.

EU e- business revenues (both B2B & B2C):

• 2001 revenues (est.) $93bn; and
• 2003 revenues (est.) $420bn.

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