The Boston Consulting Group (BCG) claims that if the internet was an economic sector it would be the UK's fifth largest. This would make the sector larger than the construction, transport and utilities industries.According to the research the internet is worth £100bn to the UK economy. Over half of that is made up of the amount of time that users spend on online shopping and on the cost of their connections and devices to access the web. Approximately 40% of the rest comes from investment in the UK's internet infrastructure, government IT spending and net exports.
Google commissioned the research, and according to Matt Brittin, managing director of Google UK: "The internet is a central pillar of the UK's economy.
"The sector has come of age, and with great prospects for further growth the UK internet economy will be vital to the UK's future prosperity," he added.
No comments:
Post a Comment
Many thanks for your comment! We look forward to hearing from you again.
In the meantime why not get involved with Adodo Community! You could give 1% of your total telecom spend to a school, charity or community project of your choice!