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600 Million on Social Networks by 2012
Due in large part to a big push from social networking growth, revenue from mobile user-generated content is expected to jump to 10 times its current rate by 2012, according to a report released from Juniper Research. The company projects that the number of people using social networks will grow from 14 million in 2007 to a whopping 600 million in 2012.
Among the current hurdles to social network participation, Juniper included: privacy, cost of data services, user-interface, and network speed and capacity, as well as others. Company analysts expect that social networking will overcome these obstacles and reach its full potential.
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Learn more (Juniper Research)
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This is such an interesting read and forecast. The advent of Web 2.0 services have actually done a major impact in the current age and seeing in advance what it will be in 2012 is a plus. 14 million to 600 million? That will be a significant jump and that means it will only continue to increase as the years roll by. Thanks for this blessed information and idea. Regards, --OSF.