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B2C market to grow at 56%: IDC Report

14-October-2002
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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.

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