Top Story

e4m_logo.png

Home >> Digital >> Article

B2C market to grow at 56%: IDC Report

14-October-2002
Font Size   16
Share
B2C market to grow at 56%: IDC Report

According to a latest IDC report, the Indian business-to-consumer (B2C) market is likely to grow at a compounded annual growth rate (CAGR) of 56 per cent from Rs 150 crore in 2001 to Rs 1385.7 crore in 2006. For the calender year 2002, the B2C market is pegged anywhere between Rs 220 and 250 crore while the business-to-business (B2B) market is estimated to be around Rs 2,500 crore.

In this year, the B2B market is likely to grow by over 25 per cent from Rs 1875 crore in 2001.

IDC surveyed over 22 B2C players including Baazee.com, Rediff.com, Sify, Travelmart and Traveljini to arrive at the B2C estimates. According to analysts they consciously picked up all sizes of B2C players and these 22 companies cover over 90 per cent of the B2C market.

According to the report, of the 22 B2C players, six large players including Rediff and Sify cover 80 per cent of the B2C market,. B2C transactions are primarily dominated by verticals like travel followed by consumer electronics, books, music, gift items, etc.

The B2B findings by IDC is a model-based study, where factors like total personal computer penetration, transactions over the Net and Internet users were taken into account.

According to a Nasscom-BCG study on e-commerce conducted in 2001, B2B e-adoption in the automotive segment is expected to be the highest at 30-35 per cent by 2005. Projected e-commerce adoption refers to the percentage of transactions involving organised sector players expected to be online.

The other sectors dominating the e-adoption by 2005, according to the Nasscom-BCG report, include consumer goods, computers, pharmaceuticals, metals, telecommunications, financial services, etc.

Tags

Speaking with exchange4media, Rishi Darda, Joint Managing Director and Editorial, Lokmat Media Group shared his vision for regional publications and the impact of IRS 2017 on the print industry.

Nisha Narayan, COO & Director, RED FM & Redtro and CEO, Digital Radio (Mumbai) Broadcasting Ltd, shares her insights on how radio is a powerful medium in terms of advertising and what can be done to take it to the next level

The popular channel from the Viacom18 ‘s umbrella MTV Indies, which aired music by independent artistes, was replaced by MTV Beats, a 24x7 Hindi music channel in 2016

Bhasin on the checks and balances of new IRS, methodology with new companies like Vedsur on board, interpreting the data and why it’s not fair to compare with previous data

The popular channel from the Viacom18 ‘s umbrella MTV Indies, which aired music by independent artistes, was replaced by MTV Beats, a 24x7 Hindi music channel in 2016

Backed by four properties including the first test match between South Africa and India of Freedom Cup, Sony Ten 1 continued to lead Top 5 channels in 2018’s second week (January 6-12)

Vijay Shekhar Sharma stated that this is the right time to create an Indian model which would be the envy of the world