Business News 30 Jan 2012

Web economy 'will double by 2016'

The value of the web economy in G20 member countries is set to almost double by 2016, a new report has suggested.

According to the study, nearly 50% of the world's population will be using the internet in four years' time, leading to a surge in the current £1.5 trillion value, to £2.7 trillion.

Rising levels of mobile internet access are expected to account for much of the increase, with around 80% of internet users expected to access services via a mobile phone by 2016
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