University Study Says Internet Economy Worth $507 Billion

Jan. 13, 2005
The latest study to measure the worth of the Internet economy pegs the market at $507 billion. The University of Texas study, released this week, reports on money generated via the Internet from the first quarter of 1998 to the first quarter of 1999. ...

The latest study to measure the worth of the Internet economy pegs the market at $507 billion. The University of Texas study, released this week, reports on money generated via the Internet from the first quarter of 1998 to the first quarter of 1999. The study reports:

  • Internet-related industries grew from $64 billion during the first three months of 1998 to $108 billion in the first three months of 1999.
  • Use of e-commerce by businesses increased 127% in the same time period.
  • One-third of the 3,400 businesses surveyed did not exist before 1996.
  • Internet-related industries generate more annual revenue than the U.S. telecommunications industry ($300 billion) or U.S. airline industry ($355 billion). The study, sponsored by Cisco Systems, was conducted by the Center for Research in Electronic Commerce at the University of Texas Graduate School of Business.
  • Popular Sponsored Recommendations

    What Does Agility Look Like for Today's Auto Industry?

    Dec. 4, 2023
    Without modern technologies, enterprises aren't able to fully analyze the risks and respond to ongoing supply chain issues and semiconductor shortages.

    Electric Vehicles Spark New Opportunities in the Automotive Industry

    Dec. 4, 2023
    Automakers have increased plans to produce Electric Vehicles to meet customer demand for low emissions. With this radical shift, new opportunities and challenges for the auto ...

    Your Industry 4.0 Journey

    Sept. 24, 2023
    When It Comes to Industry 4.0, the Journey is the Destination. Industry 4.0 must be embraced as a long-term, strategic mindset of digital transformation that dynamically alters...

    Lean Manufacturing in the Age of the Industrial Internet

    Oct. 24, 2023
    Read how advanced MES capabilities can help you improve your labor utilization, reduce WIP, and optimize your production. Download the white paper today.

    Voice your opinion!

    To join the conversation, and become an exclusive member of IndustryWeek, create an account today!