Over 80 per cent of small firms in the US will have internet access by 2011, 88 per cent of which will be broadband connections.
"Small businesses spent over $43bn in 2005 in business purchases online," said Sonal Gandhi, JupiterResearch analyst and lead author of the report. "Their online influenced off-line spending is likely to be considerably higher."
The research firm's study, Market Profile: Understanding Online Small Businesses, reported that 78 per cent of US small businesses, almost 20 million, currently use the internet on a regular basis.
JupiterResearch defines online small businesses as companies with fewer than 100 employees and where the decision makers access the internet on a regular basis regardless of location.
"The growth of the overall online small business market, and decision makers' increased comfort with doing business online, will impact their total online spending," said David Schatsky, president of JupiterResearch.
"Companies that target small businesses should take advantage of the size and openness of this market online."
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