Your Multilingual Expansion Into the Net

Profits due to the internet economy will attract many new users to the net. As this new medium develops and changes, allowing more new users to connect, will allow better use of the web, translating into increased shopping and buying. This growing activity is attracting businesses around the world interested in expanding markets and consumers. This new cyber-economy is possible if there is a significant number of users on line, 10 to 20 percent of the total population. The North American continent has obtained this level of usage and as a result has achieved 50% of world’s net usage.

The increase of net usage by the rest of the world will surpass the level of United States and Canada together between 1999 and 2002, while the level in the North America will remain the same. The use of the net globally will increase by 118%, while North America will just grow by just 50%. As other countries keep increasing the activity on the Internet, North America will remain just 1/3 of the total global picture. By 2002, Europe will continue growing at levels of 30% while the usage of Internet in the Asian countries will increase to 22%. Latin America will reach 15%.

In 1998 spending on e-commerce in Latin America reached $167 million according to the International Data Corporation (IDC). This represents a 361% incremental growth through 1997. The level of business with e-commerce kept rapidly increasing due to the fact that more and more users were connecting to the net. Companies saw a great niche opportunity in targeting the Latin American continent, where some of the infrastructure was not built yet, giving these companies a new way of incorporating into existing channels through the net. IDC predicts that between 1999-2003 the Latin market will reach an above average compounded annual growth rate of 117%. This level will drastically change to $8 billion by the end of 2003. The Latin American market with special commonalties such as language, culture, values, history and economics will make it possible to create a unified multi-economy.

Are you looking at the East Silicon Valley? While Internet technology is still primitive in China with its 1.2 billion people compared to the United States, the number of users is doubling every month. Today there are about 8 million people who are connected to the web. By the end of 2002, this number will reach about 50 million users, and by 2005 there will be more people in China using the Internet than any other country in the world besides United States. The Chinese government is pushing to spread technology throughout the country where the investment has reached $28 billion dollars to connect via fiber network 90 percent of the Chinese land. Some companies are starting to move into, what it is today, the biggest market in the world. Many companies are opening new offices and forming joint ventures to sell products and services to this new "east valley".

There are a few basic reasons why this growth is continuing to reach these levels:

  • Deregulation in the telecom industry will provide lower cost for all users.
  • Continuous penetration of connectivity methods such as modems and more powerful systems.
  • Penetration in markets of midband and broadband options.

Multilingual Planet will be able to construct a multicultural site to target any market.

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