BCG: Internet Economy in G-20 to Reach $4.2 Trillion by 2016

Saturday, 28 January 2012 08:28

Written by Pepe Goldman

DAVOS, Indonesia Today - The Internet economy of the G-20 is projected to reach $4.2 trillion in 2016 -- nearly double the size it was in 2010 -- providing companies and countries with a vital source of growth as they battle to thrive in an era of uncertainty, according to The Boston Consulting Group (BCG).

The biggest driver is the dramatic increase in the number of users around the globe -- from 1.9 billion users in 2010 to a projected 3 billion users in 2016, about 45 percent of the world's population. The rise of the emerging markets, the popularity of mobile devices, especially smart phones, and the growth of social media are also compounding the economic impact of the Internet.

The BCG report charts several major shifts that are not well understood by many corporate executives and policymakers.

"Countries such as Argentina, Brazil, Indonesia, and Mexico are going straight to social, with more than 90 percent of Internet users engaged in social media. In these countries, social media are used more extensively than in developed markets in the creation and sharing of content," said BCG in the reported titled The Digital Manifesto: How Companies and Countries Can Win in the Digital Economy. (Indonesia Today)

» Salim's Gallant Venture Bags US$200 Million Loan

SINGAPORE, Indonesia Today - Salim Group's Gallant Venture Ltd has obtained US$200 million term loan facilities arranged by Bank CIMB-Niaga.

» What People Say if SBY Pursues a Film Career?

JAKARTA, Indonesia Today – Public discussed intensely about a report that President SBY will starting his film career in a movie titled ‘The General’s Message’ with scheduled shooting early next month.

» Bank Permata Posts 14% Profit Growth in 2011

JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) booked profit of Rp1.16 trillion in 2011, grew 14% compared to 2010, supported by interest income rise.

» Demand Weakness & Fuel Prices Force Singapore Airlines Cargo to Cut 20% Capacity

SINGAPORE, Indonesia Today - Singapore Airlines Cargo has cut freighter capacity by 20 percent in response to continuing weakness in demand and high fuel prices.

» Andi Mallarangeng Denies Allegations in Court

JAKARTA, Indonesia Today - "I don't know", "I'm not sure", "I forgot", "No", "Never" were the main answers of Andi Mallarangeng, minister of youth and sports, when prosecutor asked him about various issues in his capacity as witness for Muhammad...

» Aberdeen Invests in Aceh Gold Projects

TORONTO, Indonesia Today - Global investment and merchant banking company, Aberdeen International Inc., assessed its investment in East Asia Minerals Corp, which owns interests in gold projects in Aceh, as their long-term strategy.

» WOM Finance Profit Crashed 96%

JAKARTA, Indonesia Today - Consumer financing firm, PT Wahana Ottomitra Multiartha Tbk (WOMF), subsidiary of Bank International Indonesia, reported net profit of Rp5.39 billion last year, crashed 96% from 2010 due to higher provision for...

» Coca-Cola Amatil Posts 17.5% Growth in Indonesia & PNG

SYDNEY, Indonesia Today - Coca Cola Amatil Limited reported earnings before interest, tax, and significant items in Indonesia and Papua New Guinea of $88.1 million last year, an increase of 17.5% from 2010.

» Wilmar & ADM Mull Global Partnership in Fertilizer, Ocean Freight & Refining

DECATUR, Indonesia Today - Archer Daniels Midland Company (ADM) and Wilmar International Ltd mull global partnership in fertilizer purchasing and distribution, ocean freight operations, and tropical oil refining in Europe.

» Kingsrose Extends Gold-Silver Zone in Talang Santo, Sumatra

PERTH, Indonesia Today - Kingsrose Mining Limited claims that recent drilling at its Talang Santo prospect, Sumatra continues to expand the dimension of gold-silver deposit.

Latest News

Olam Prices S$275 Million Perpetual Securities

Vivi Junaedi Hie Resigns from Buana Listya

Garuda Sugardo Resigns as CEO of Tiphone

Talisman & Mitsubishi Join Forces for Papua New Guinea Oil-Gas Projects

Sherritt to Commence Drilling at Sulawesi Metal Project in 2H

BII Profit Jumps 45% on Higher Interest Income

Nazaruddin Demands Court to Summon Anas as Witness

BCG: Internet Economy in G-20 to Reach $4.2 Trillion by 2016

» Salim's Gallant Venture Bags US$200 Million Loan

» What People Say if SBY Pursues a Film Career?

» Bank Permata Posts 14% Profit Growth in 2011

» Demand Weakness & Fuel Prices Force Singapore Airlines Cargo to Cut 20% Capacity

» Andi Mallarangeng Denies Allegations in Court

» Aberdeen Invests in Aceh Gold Projects

» WOM Finance Profit Crashed 96%

» Coca-Cola Amatil Posts 17.5% Growth in Indonesia & PNG

» Wilmar & ADM Mull Global Partnership in Fertilizer, Ocean Freight & Refining

» Kingsrose Extends Gold-Silver Zone in Talang Santo, Sumatra

Latest News

Industries

Politics

Law

People