Worldwide E-Business Technology Spending Will Reach $78 Billion in 2002

May, 2002

Worldwide e-business spending will reach $78 billion in 2002. The United States will account for $32.8 billion of the worldwide total. European countries will spend $22.9 billion, Asia/Pacific will spend $18.2 billion, and Latin American countries will spend $2.2 billion.

The following figure shows projected worldwide e-business spending for 2002. E-business spending is comprised of the following:

Software and hardware that enables e-business processes.

  • Outside services to develop or provide e-business processes and applications.
  • In-house technology staff assigned to develop or provide e-business processes and applications.

Figure 1: Worldwide E-Business Technology Spending Projections 2002 (U.S. $Billions)

Total

Technology

Outside

   

Spending

Staff

Services

Software

Hardware

Large U.S. Organizations

Agriculture

$0.0077

$0.0017

$0.0011

$0.0013

$0.0036

Communications

0.6447

0.1299

0.0998

0.0956

0.3194

Construction

0.1447

0.0205

0.0374

0.0305

0.0564

Discrete Manufacturing

1.8667

0.5273

0.1016

0.3499

0.8880

Federal Government

1.8288

0.7146

0.5751

0.1541

0.3851

Financial Services

4.9645

1.8350

0.6726

0.5140

1.9428

Health Services

0.5193

0.2546

0.0450

0.0828

0.1369

Hotels & Lodging

0.0860

0.0298

0.0235

0.0104

0.0223

Insurance

0.6638

0.1954

0.0838

0.1464

0.2382

Natural Resources

0.0229

0.0091

0.0041

0.0029

0.0069

Process Manufacturing

2.8335

0.8836

0.2362

0.4995

1.2142

Retail Distribution

4.3506

1.0003

0.2876

0.8324

2.2303

Professional/Services

2.7332

0.7604

0.2679

0.5739

1.1311

State & Local Government

0.3015

0.1067

0.0515

0.0448

0.0985

Transportation

0.4062

0.1144

0.0504

0.0619

0.1795

Utilities

0.3309

0.0399

0.0435

0.0542

0.1933

Wholesale Distribution

1.4844

0.1726

0.1904

0.2595

0.8619

Total Large U.S. Organizations

23.1893

6.7957

2.7714

3.7139

9.9083

Small U.S. Organizations

10-100 Employees

6.6260

1.9809

0.9033

1.8489

1.8929

1-9 Employees

3.0210

0.2707

0.5496

1.2580

0.9427