Saturday, December 4, 2021

Canadian e-business market growing

IDC Canada research shows Canadian companies are slowly closing the business-to-consumer (B2C) e-business gap between Canada and the United States. However, U.S. companies still remain far ahead of Canadian firms in the business-to-business (B2B) market.

IDC predicts Canadian e-businesses overall will enjoy a compound annual growth rate (CAGR) of 75.5 per cent through 2004, compared to 67.9 per cent in the U.S. By 2004, annual e-business spending in Canada will total US$100 billion, compared to US$1 trillion in the U.S., according to IDC.

In the B2C sector specifically, Canadian firms are growing at a CAGR of 67.8 per cent, as opposed to 44.1 per cent in the U.S. In the B2B space, however, Canadian growth will trail the U.S. market through 2004 – achieving a CAGR of 67.8 per cent, compared to a U.S. CAGR of 72.9 per cent.

More information about the IDC study, conducted on behalf of the Canadian E-Business Opportunities Roundtable, can be found at

http://e-com.ic.gc.ca/eteam/

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Jim Love, Chief Content Officer, IT World Canada

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