Most of India 's growth is predicted to take place over the next three years, making the market share gained today the critical foundation on which to establish the most powerful Indian Internet brand tomorrow.
Orlando, FL (PRWEB) April 13, 2007
Web2Corp's [NASDAQ OTCBB: WBTO] ByIndia.com sees strong spikes in search ad demand for the second and third quarter of 2007. This tracks the recent report from Juniper Research which called for a 26% increase in search engine spending from advertising budgets in excess of $50 million.
"Search engine spending is literally skyrocketing, and big budget advertisers are committing a significant percentage of their budgets to search engine advertisements, especially in the emerging Asian economies and India in particular," said William Mobley, CEO of Web2Corp. "The most cost effective means of segueing into these torrid, new markets is to select the best positioned Internet properties to reach the market within the market. ByIndia.com seeks to sidestep the advertising rifts among Viacom, Google, Yahoo, and MSN, by concentrating on expanding the already popular ByIndia.com brand.
"ByIndia.com serves as a gateway to one of the most robust global markets. There is a lot of territory to cover, and it's backed up by strong economic demand. In comparison, the Indian middle class of approximately 300 million represents the entire population of the United States. This growth trend is not an anomaly, but one still moving in a vertical market pattern as opposed to other highly targeted markets in the West.
"Most of India 's growth is predicted to take place over the next three years, making the market share gained today the critical foundation on which to establish the most powerful Indian Internet brand tomorrow. "
By 2010, India is estimated to become the largest online population worldwide on a per country basis. ByIndia.com sees this revenue potential and is making great headway to garner as much market share today as possible.
A look back at the growth of ByIndia.com and Baidu.com and their respective markets (India and China) during their launch periods sees ByIndia.com growing faster than Baidu.com. Baidu.com reported revenue growth of under 200% annually for 2004 and 2005, and appears to be leveling off for 2006.
In comparison with living in China, the standards within India are considered modest, offering significant greater growth potential. The 2005 per capita adjusted GDP for India was US$ 3,460, compared to $6,660 for China. What is not revealed by this statistic is that India appears to be erasing its poverty and replacing it with a healthy middle class. This vast improvement is reflected in the statistic that in 1995 one in two people were living below the poverty line, while today it is only one in five.
This growth is creating a powerful emerging middle class in India, a nation viewed today as a world class consumer to such a degree it has influenced the historic building boom in Dubai, UAE. According to one report, Indian per capita purchasing power parity will grow into approximately one third of the developed world by the middle of this century.
In comparing ByIndia.com's owner Web2Corp.com with Baidu.com, Web2Corp.com reports revenue growth of 400% and 900% in 2004 and 2005, respectively. Web2Corp.com expects these trends to continue reflecting the huge demand for online search ad dollars. And with India currently ranking as one of the fastest growing economies in the world -- with an average growth rate of 8% between 2004-2005 -- Web2Corp.com expects strong results from ByIndia.com as it launches its comprehensive advertising engine Ads.ByIndia.com on the first of May this year.
Web2Corp [NASDAQ OTCBB: WBTO] is one of the world's fastest growing new media Internet conglomerates with properties Chamber of Commerce and YouGotIt.com. As a Web 2.0 internet technology development firm it is dedicated to rapid creation and adaptation of technologies. Web2Corp addresses new markets of users by creating and simplifying useful products, reducing the level of user technical skills required, and lowering prices for consumers. Web 2.0 technologies have become increasingly popular, with the use of Web 2.0 applications such as e-commerce or blogs up more than 25% over the last year, according to comScore networks. The Web 2.0 market generates more than 20 billion dollars of revenue a year, with well-known companies like Google .com, Flickr.com, MySpace.com, eBay .com, and Blogger.com making up the majority of the income.
For more information on Web2Corp or to see Web2Corp's Safe Harbor Act Disclaimer Notice, go to http://www.Web2Corp.com .