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Article: Social networking to taper off in five years; Also, few in U.S. will pay for services such as MySpace, Facebook, survey finds.(Survey)
- Article from:
- Network World
- Article date:
- October 19, 2007
- Author:
CopyrightCOPYRIGHT 2007 Network World, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jim Duffy
Membership growth in social networking sites such as MySpace and Facebook in all regions is expected to peak in 2009
and level off by 2012.
According to market tracker Datamonitor, global active memberships in social networking sites will reach 230 million at the
end of 2007. The firm expects revenues from social networking services to reach $965 million this year, growing to $2.4 billion
by 2012.
By year-end 2007, Asia Pacific will account for 35% of the world's social networking memberships. Europe, the Middle East