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E-business generated more than $500 billion in 1999. | |||||||
Consumers spent a whopping $18 billion in on-line purchases in 1999. But the consumer market was quickly outpaced by the business-to-business market which generated over $500 billion in sales. [Source: NUA.] | ||||||||
By the year 2003, Internet sales will exceed $1.6 trillion. | ||||||||
Business-to-business commerce will reach more than $1,300 billion by the year 2003, and consumers will account for an additional $108 billion. | ||||||||
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