E-Commerce is now synonymous with the marketing, ordering and sale of goods over the Internet, ranging from digitised products (i.e. items that can be reduced to bits and bytes such as music, e-books, newspapers or software), to services (e.g. travel, investment and on-line games) and of course physical products such as books, toys, electrical goods etc.
E-Commerce consists of both business to customer and business to business commerce, which together generate revenues of around US$180 billion. With huge projected growth in the European, South American and particularly the Asian markets, these revenues are expected to rise to over US$1000 billion in the year 2002, of which approximately 80%will be from business to business transactions.
