Goldman Sachs forecasts growth rate of global Ecommerce sales

Global Ecommerce sales will reach $963 billion by 2013, growing at an annual rate of 19.4%, predicts Goldman Sachs in JP Morgan’s annual Nothing But Net: 2011 Internet Investment Guide on digital commerce.

The report surveyed over 1,000 internet users to get insight into consumer behaviour and Ecommerce trends.  Underscoring the growing importance of international Ecommerce, the team broadened it global internet expertise and coverage with analyst contributions from China, Russia, Japan and Korea