Saturday, April 28, 2001

eBusiness Is Key to Sustaining $5.3 Trillion in eCommerce

The Internet economy is alive and well, according to IDC, the industry's foremost technology market intelligence and advisory firm. While this is a view that is contrary to the doom and gloom of today's news, IDC's worldwide research and expert analysis of the market forces, trends, and ebusiness spending forecasts tell a different story, one of a $5.3 trillion impact on the worldwide economy by 2005.

While acknowledging the volatility in the market, IDC sees continued investment in Internet-related spending. "The burst of the dot-com bubble signals the beginning of a long evolution in the worldwide economy, but it's certainly not the end of the Internet economy," said Gigi Wang, IDC's senior vice president of Communications and Internet research. "Although the effects of the market changes are obvious, the underlying dynamics show that dramatic growth in ebusiness investment and returns will continue."

IDC analysts predict the ebusiness opportunity to support this commerce is a key contributor to the overall growth and economic impact of the Internet. To help companies understand the trends, risks, and opportunities of competing in the new economy, IDC is bringing its world-class eBusiness Advisor research services to the next level through 15 industry programs and 3 cross-industry programs.