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Web Economy to DOUBLE in G20 Countries in Next 4 Years


The value of the web economy for the G20 countries will nearly double in the coming 4 years i.e. by 2016. This study was carried out by the prestigious Boston Consulting Group with the support of web giant Google.

According to the study, following are the major highlighted points:

  • 3 billion people will be using the internet i.e. approx 50% of world population.
  • Upsurge of revenue from $2.3 trillion(currently larger than Brazilian economy) to $4.3 tn.
  • Currently, 200 million new people are adding to online community annually.
  • Nearly 80% of all internet users will access internet via Mobile Phones.
  • UK currently the most advanced e-commerce economies.
  • China expected to be home to 800 million internet users (more than US, India, France, Germany & UK combined).
  • Rise of so called "Internet of Things", where every device from cars to sensors will be connected to the web.
  • By 2015, 1 trillion devices will be internet connected (IBM's report).
  • Currently, every household (with internet access) researches approx. $3000 worth of goods before purchasing them in traditional stores.
  • Internet will go social, customers and companies will engage better.

The BCG research is truly spectacular and looks credible but what the research has failed to capture is the 'balance of employment' between the new, more efficient digital companies and the old-style businesses. But the fact is that the change and the shift to an online world is imminent.
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Comments

Vikram C said…
well i think that the article is very interesting and the content is fabulous and this gives me a sense that the population will be more educated in the sense that more than 50% of the world population will be able to access internet which is a good sign of improvement and 80% of the population will be having mobile phones with tnem. sounds interesting!! will keep a track on this...
5:43 AM
Kushagra said…
Thanks for the appreciation Vikram. But, this report doesn't say that 80% of the world population will have mobile phones with them. It says that nearly 80% of the internet users will access the net via mobile phones.
3:27 AM
Ajit Menon said…
Quite informative Kushagra........ its a good sign to know that more and more people are getting used to "THE NET"......"By 2015, 1 trillion devices will be internet connected"-ASTOUNDING..........The world shall be a better place to live in as long as Internet(users)expands its reach......P.S-im still not a part of the 80%(if you know what i mean) :)
8:54 AM
Kushagra said…
Though the BCG study may prove right but it is for G20 nations combined and that includes many of the developed nations. Hence, for India its still a long way to go if we take the "Internet of Things" into consideration.
P.S - You'll even come under the 80% share, once the year "2016" comes, that's what I think.:)...you see...todays generation..they prefer staying connected on the go. :)
9:14 AM
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