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Internet Services Will be Worth Nearly $1 Trillion by 2012, Says Report

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According to a report by the research firm Yankee Group, the global market for high-speed Internet services will be worth nearly $1 trillion by 2012. The broadband market, which includes revenue from services to consumers and businesses, as well as the amount spent on equipment for the underlying infrastructure, is currently worth $590 billion, according to the report. By 2012, the market will grow to more than $903 billion, it projected.

The estimates are part of Yankee Group's concept of an "Anywhere" environment, where there is at least one broadband connection for every person on the planet. Emily Green, president and chief executive of Yankee Group, says it took 10 years for the Internet to reach one billion people and it will double its reach by 2012.

Read full story: CNN Money

Related topics: Access Providers, Broadband, Telecom

 
   

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