BCG has just released a report explaining that the internet “industry” is 4.7% of the US economy. (Read about it on CNN here.)
The internet now contributed $684 billion to the US economy – more than the federal government, agriculture, etc. It also continues to rapidly grow, and this had implications for other sectors.
For example, the report also talks about the value of internet to small enterprises.”In multiple countries—including China, Germany, Turkey, and France—small and medium enterprises (SMEs) that have engaged actively with consumers on the Internet also have experienced three-year sales growth rates up to 22 percentage points higher than those of companies with low or no Internet presence, according to the report.” (Read this here.)
Go internet go!