IBM 1998 Annual Report Download - page 15
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(and for the information
technology industry).
creating opportunities for
all businesses and institutions...
We’re watching the creation of nothing less than a new
economy. By one estimate, Internet commerce grew from
$12 billion in 1997, to more than $30 billion last year, and
will surpass $425 billion by 200 2 .You can find other
estimates that see a $1trillion marketplace in the
same timeframe. What’s harder to measure – but even
more significant – is the value of the Net as it transforms
the internal operations of organizations and redefines
the important work of noncommercial institutions.
Our industry is growing about 10 percent a year, and
spending on e-business hardware, software and
services is growing twice that fast. At these rates, the
overall information technology industry should reach
$1.6 trillion by the year 20 02, and e-business
will account for $600 billion of that total.
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