As if Google and company did not make enough money, by years end, global search revenue will reach $30.5 billion according to a recent JPMorgan report which hinted that investors still should view the web as a good “buy” or investment.
Contrary to the dot com bust of the early 2000’s, 2007 was actually a very good year for internet companies. In fact, due to the rising world GDP, according to the report, internet companies with a global reach would continue to enjoy a healthy profit due to the broad and seamless appearance of a global marketplace. Conversely, the US GDP growth has slowed in recent years.
By 2011, look for search revenues to exceed $60 billion according to the report. A lot of this groth will be tied into paid search as a global marketing vehicle. The growth will also be attributed to keyword price inflation and increased web usage. Tied to this will be an increase in the user experience and increase in click-through rates for all sites.