Consumer electronic commerce is within a year of becoming a reality in Europe, according to industry analyst Dataquest.
Company analyst Petra Gartzen will tell attendees at Dataquest's annual European Predicts conference, being held in Paris next week, that although the European ecommerce market has been lagging behind the US, it is gradually picking up and should hit critical mass in the next 12 months.
Gartzen claimed, in an exclusive advance interview with VNU Newswire, that the explosive growth in consumers connecting to the Internet over the last year should continue through the millennium, with 35 million PCs in Europe already connected.
"European consumer ecommerce is on its way. At the moment it has hit around the 12 per cent mark in the UK and Germany and you need at least 20 per cent to make ecommerce a viable distribution channel," she noted.
Although European consumer ecommerce has yet to catch up with the US, Gartzen said in the business to business ecommerce arena Europe is now almost level.
"The business to business ecommerce market was very small last year world wide, with mainly pilot projects. We need some good European examples and this will happen during the course of this year," she said.
New products are also coming onto the market that will help this takeoff in ecommerce, she noted: "Technologies such as Biztalk from Microsoft will make this a reality."
To comment on this story, email [email protected]
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago