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Saturday October 25th 2014

G20′s Internet economy to hit $4.2 trillion by 2016

Saving the world from financial meltdown, let’s hope.

The Boston Consulting Group says the Internet economy will be nearly double the size it was in 2010, going from 1.9 billion users in 2010 to a projected 3 billion users in 2016. That’s about 45 per cent of the world’s population.

Predictably all the action is coming from emerging markets, social media and – of course – the smartphone.

Indeed, by 2016, mobile devices will account for about 80 per cent of all broadband connections in the G20 nations

Read more: Mobile Entertainment

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