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Interactive/Electronic Sales to Reach $36 Billion in 2002

Although interactive/e-commerce is still a relatively new direct marketing channel, a report from the Direct Marketing Association (The DMA) found that it is quickly becoming an important piece of the overall commerce pie.

According to The DMA’s Economic Impact: U.S. Direct & Interactive Marketing Today study, interactive/e-commerce sales rose 12.1 percent last year to $31.4 billion from $28.0 billion in 2000.

"These figures reflect how e-commerce has revolutionized the way consumers shop," said H. Robert Wientzen, president & CEO, The DMA. "For most people, tasks that were once considered impossible, such as booking a vacation with just the click of a button, have become as mundane as a trip to the mall."

According to the study, interactive/e-commerce can expect to see continued economic growth. Online sales are forecast to exceeded $36.0 billion in 2002 and grow annually by 20.9 percent to reach $81.1 billion in 2006.

The financial services industry (security/commodity brokers and depository institutions) and transportation services (airline industry) experienced the most interactive/e-commerce sales growth and ad spending over the past five years in both the consumer and business-to-business categories. Over the next five years, they are also poised to generate double-digit interactive/e-commerce sales revenue in both the consumer and business-to-business categories.

 

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