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Consumer Web/online market expected to hit $14.9 billion in 2002

Published on .

Consumers will spend $14.9 billion online or on the Web in the year 2002, according to a report issued Monday by Cowles/Simba Information, an increase of 374.5% from 1996 spending.

According to the report "Web/Online Services 1997: Consumer Market Analysis & Forecast," Internet service providers continued to gain ground against consumer services like America Online and CompuServe. ISP's share of the market grew to 14.0% in 1996, up from 9.9% in 1995. Individual investor services like eSchwab, Accutrade and PC Financial Network all experienced robust growth. Individual investors services' revenue grew to $426.9 million in 1996, up 69.9% from the year earlier.

Copyright August 1997, Crain Communications Inc.

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