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Travel will dominate electronic commerce into the next century, according to Jupiter Communications. It projects travel, which includes online air, hotel and car rental transactions, will reach $11.7 billion in 2002, followed closely by PC hardware and consumer electronics ($8.2 billion) and online grocery shopping ($6.6 billion). Jupiter also predicts e-commerce growth to slow considerably by 2002. Compared with 1998's growth rate of 123%, which is projected to result in $6 billion in revenue, 2002 will see growth of 53%, resulting in $40.6 billion in total revenue.
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