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UK IT spending dropped 6.2% in 2001 from ₏54 billion to ?50 billion, a smaller drop than in most other European countries, according to a new brief by Forrester Research. Europe-wide, IT expenditure will dip to 0.7% growth in 2002 and flatten out to 7% annual growth in 2004 because of slow population growth, years… Continue reading UK IT Spending Drops 6.2% In 2001

According to the Interactive Broadcast Media Report: Streaming Audio and Video Market Growth 1998-2004 report from AccuStream, streaming media grew healthily in 2001 with video streams rising 149% to 2.5+ billion served, 51% at broadband bit rates. Internet audio tuning hours also grew by 100% to 100 million hours per month and it was a… Continue reading Broadband Video Streaming Surpassed Narrowband In 2001, Says AccuStream

New findings from Ipsos-Reid show that fewer than 1 in 10 (8%) Americans over the age of 12 who have ever downloaded or streamed music off of the internet have actually paid for this material translating to only 4 million people. Additionally, 84% of those who have downloaded music without paying report they would not… Continue reading US Music Downloaders Unwilling To Pay, Says Ipsos-Reid

Europemedia reports that space on the current generation of the internet will run out by around 2005 unless the European Union states speed up plans to roll out a new IP version, according to a recent European Commission report. The report claims that the development of internet protocol version 6 (IP6) would further boost Europe’s… Continue reading Internet Will ‘Run Out Of Space’ In 2005, Says New EC Report

A new report from the Yankee Group comes to unsurprising conclusions regarding the appeal of video-on-demand services, revealing that young men (16-17 years) are most likely to buy movies in this way. 31% of cable and satellite subscribers say that they are ‘very likely’ or ‘somewhat likely’ to order a VOD movie costing $3.95. 16-17… Continue reading VOD Appeal Greatest Amongst Young Men, Says Yankee Group

The US Department of Commerce (DOC) has estimated that for Q4 2001 B2C e-commerce sales were valued at $10 billion and accounted for 1.2% of total US retail sales during the period, according to eMarketer. The $10 billion figure represents a 13.1% rise in e-commerce sales in the US over the Q4 2000 period. Emarketer… Continue reading US Q4 Ecommerce Sales Forecasts Were Mostly Optimistic, Finds eMarketer

A new video-on-demand distribution service, formed by MGM, Paramount, Sony, Universal Studios and Warner Bros is due to launch in the US soon. The service, Movielink, will create an open access IP based system for content delivery. Users will be able to download movies from the site and it is thought that the studios are… Continue reading MGM To Offer Downloadable Movies On The Net

eMarketer reports that the number of internet subscribers in India is forecast to hit 7.7 million in 2004. The National Association of Software and Services Company (NASSCOM) predicts that there will be 50 million internet users in the country by 2004. NASSCOM also notes that there will be roughly 1.5 million active subscribers in India… Continue reading Internet Subscribers In India Will Reach 7.7 Million BY 2004

Currently, 63% of UK businesses are connected to the internet, up from 61% in August 2001, with 92% of medium-sized UK businesses and 62% small businesses now online. These are some of the findings of a new Oftel survey into business consumers’ use of the internet. Twenty-seven percent of small businesses think it unlikely that… Continue reading Over 60% Of UK Business Are Now Online, Says Oftel

Electronic gambling revenues are forecast to reach $14.5 billion by 2006, according to a new report from Informa Media Group. The Electronic Gambling Report makes this forecast providing legislature does not change dramatically. Internet gambling, for example, will remain an offshore activity for punters in the US and Japan and no interactive TV or legal… Continue reading Global E-gambling Will Be Worth $14.5 billion By 2006, Says Informa