The Internet Still Growing As A Business Sales Channel In Latin America, IDC Says
MIAMI, FL – NOVEMBER 14, 2001 – Despite the abrupt end of dot.com euphoria, over 25% of Latin American IT decision makers who participated in a recent IDC survey indicated that their companies currently purchase goods or services over the Internet. According to a new IDC report based on this survey, almost half of the respondents not currently purchasing via the Internet plan to begin by year-end 2002.
"We are encouraged by the signs of growth in eCommerce-related investments in the region," commented Rebecca Wilson, Research Manager for Enterprise Solutions at IDC Latin America. "However, the majority of Latin American companies still appear to be unwilling to rely on the Internet for strategic purchases that are imperative to produce a company's core product or service." In fact, according to survey results, almost half of the companies that currently participate in purchasing via the Internet, make less than 5% of their purchases on-line. Research suggests, however, that companies plan to triple their on-line purchases by year-end 2002.
The security of Internet transactions was listed as the top concern for both companies that buy and that sell via the Internet. "Companies wishing to sell on the Internet must convince potential end-users that their eCommerce site is secure in order to succeed," said Wilson. Despite this concern, the ability to establish additional distribution channels for potential sellers and the availability of greater product/ or service selection for potential purchasers is enticing Latin American companies to expand their investments in eCommerce initiatives. For more information regarding the study, eCommerce in Latin America: Who's Buying and Who's Selling #LA1202G or to purchase the complete study, please contact Barbie Cordero of IDC Latin America at firstname.lastname@example.org or 305-351-3131.
About IDC Latin America
IDC Latin America has established an unrivaled reputation for analysis of the IT, Internet, and Telecom markets in Latin America. Its research group is comprised of over 90 analysts in Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela who are devoted to generating the most authentic and up-to-date information on these markets. Following a commitment to excellence, IDC has pioneered primary research in the countries of Costa Rica, Dominican Republic, Ecuador, Guatemala, Panama, Peru, and Puerto Rico. This distinctive local presence results in the most comprehensive and trustworthy market coverage of the Latin American region. For more information, visit http://www.la.idc.com or call 305-351-3131.
IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies and the financial community. Additional information can be found at www.idc.com.
IDC is a division of IDG, the world's leading IT media, research and exposition company.