IDC Expects Internet Commerce To Exceed $1.6 Trillion Worldwide By 2003.Growth of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the commerce is accelerating and shows no signs of letting up. By the end of this year, 29 percent of people who go online will purchase a good or service, and that percentage will swell to 38 percent by 2003. Not only is the number of Web purchasers growing, so is the size of the average transaction. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IDC, all this growth will translate into an incredulous in·cred·u·lous adj. 1. Skeptical; disbelieving: incredulous of stories about flying saucers. 2. Expressive of disbelief: an incredulous stare. $1.6 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. being spent on Internet commerce in 2003. "This increased likelihood to buy will be driven by greater availability of products, improved buyer confidence in security, and enhanced local language sites for international buyers," says David Emberley, a research analyst with IDC's Internet Commerce Market Model. Web spending by international buyers will be particularly strong. "The US currently dominates ecommerce, but this will be the last year it accounts for the majority of Web spending as the number of international buyers increases and international business-to-business Web transactions become more commonplace," Emberley said. According to IDC, the US share of Internet commerce will plunge The term Plunge has multiple meanings:
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