Verticalization and Web Services Will Push the Worldwide eCommerce Applications Market to Reach Almost $17 Billion by 2006, According to IDC
FRAMINGHAM, MA – JULY 1, 2002 – The worldwide ecommerce applications market is expected to reach almost $17 billion by 2006, more than tripling what it posted last year, according to IDC. The demand for high- performance applications, a growing emphasis on verticalized solutions, and Web services will form the basis of a unified commerce concept and be the primary contributors to the growth of this market.
"Many companies that previously were dabbling in ecommerce realize that it is important for them to reinvest in new ecommerce technologies in order to make a stronger impact," said Albert Pang, research manager for IDC's eCommerce Applications program. "eCommerce applications vendors will also begin concentrating on vertical markets to gain traction and achieve differentiation in the marketplace."
Performance problems that have hampered the growth of ecommerce should be resolved once Web services have fully emerged. Extended ecommerce application environments are expected to be one of the most innovative uses of Web services in the ecommerce applications market. According to IDC, some vendors are beginning to expose certain applications components as Web services and are already experiencing growing acceptance of their approach.
Unified commerce will be an important factor in the ecommerce applications market because a growing number of companies are using their ecommerce sites as the best and most efficient way to capture and consolidate data from customers, suppliers, and business partners. Successful vendors will add enhancements and establish alliances with technology partners to enable their customers to create and access a unified set of data.
IDC's recently released document, Worldwide eCommerce Applications Market Forecast and Analysis 2002-2006, With Vendor Market Shares (IDC #27361) presents a five-year revenue forecast by region and operating environment of this market, along with key trends, market drivers, and market inhibitors. Vendor market shares and competitive analysis are also included.
To purchase this document, call IDC's volume sales hotline at 508-988-7988 or email email@example.com.
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.
All product and company names may be trademarks or registered trademarks of their respective holders.