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.
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