THE Internet is a vast mosaic of economic activity, ranging from
millions of daily online transactions and communications to smartphone downloads
of TV shows. A recent report released by the Boston Consulting Group has
revealed that in the next four years, the total size of the G-20 Internet
economy will be $4.2 trillion, up from $2.3 trillion in 2010.
Among
G-20 “players,” the United States benefits from a vibrant Internet economy,
while Germany and France tend to lag. The picture will change by 2016 as, for
example, the Internet economies of India and the EU would grow rapidly to move
into the top five.
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