The Wayback Machine - https://web.archive.org/all/20040402171011/http://goecart.com:80/ecommerce_solutions_facts.asp
Shopping Cart Software | HOME | FAQ | CONTACT US |
TOLL FREE 1-877-243-3612
Highly Customizable Ecommerce Shopping Cart Software

E-Commerce Market Size and Trends

The increase and penetration of online use in the US increases the potential market size for
E-Commerce on an annual basis. A large share of the expected growth in Internet commerce can be attributed to the increase in the online population:

  • U.S. online population estimated to increase nearly 50%, from 141.5 million in 2001 to 210.8 million by 2006 (CAGR of 8.2%). (see Figure 2 below) [1]
  • U.S. online retail sales will grow from $47.8 billion in 2002 to an estimated $130.3 billion in 2006 (see Figure 1 below). [2]
  • There are 2.3 million small companies in the U.S.; with 16% of these in the retail trade and 60% of all small companies have an online presence – potential market size for our service is upwards of 200,000 companies. [3]
  • Annual spending per buyer will increase from $457 in 2001 to $784 in 2006. [4]

Figure 1: U.S. Online Retail Sales


(http://www.jmm.com/xp/jmm/press/industryProjections.xml) (US only)



Figure 2: U.S. Online Users


(http://www.jmm.com/xp/jmm/press/industryProjections.xml) (US only)

© 2002 Jupiter Media Metrix, Inc.

Click to read about The Role of telephone as an economic tool of price regulation

[1] “Market Forecast Report,” Jupiter Media Matrix, January 2002, p. 6.
[2] Ibid.
[3] “The Changing Market Economy: Vertical Industry & Demographic Profile of the Small Business Market” Cahners In-Stat, July 2002
[4] Ibid. p. 2.
  PRIVACY STATEMENT | TERMS AND CONDITIONS 1-877-243-3612

Company | Site Map | Contact Us

Copyright (C) 2004 GoECart.com Shopping Cart Software. All Rights Reserved.