Current State of E-Commerce

• Amazing growth rates - pick your forecaster
  
  • e.g., IDC predictions: US$333B in 2002
    • > 1% global economic product
    • not including foreign exchange and securities
  • Business-to-Business: significant already, will grow strongly and dominate for next 5 years and more
  • Business-to-Consumer: more rapid growth from a small base, with rising customer acceptance
  
  
• Activities: directly related to buying, selling, marketing