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e-commerce (electronic commerce)
According to IDC, Ernst & Young, European Information Technology Observatory, and other world leading analysts, the volume of the Russian offshore software development market varies up to $300 million for 2002, which shows the annual market growth of 30-50%.
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Glossary | e-commerce (electronic commerce)         
Glossary

e-commerce (electronic commerce)
The use of information and communication technologies to transmit business information and transact business. The term is most commonly associated with Internet-based commerce, but this is only one of several advanced forms of e-commerce that use technology, integrated applications and business processes to link enterprises.

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