Social networking application market to expand rapidly
Posted in Beyond Web 2.0, Business models, Social networking on Oct 4th, 2007
IDC predicts that the social networking application market will expand 120% in 2007.
Estimated at $46.8 million in 2006, this market will grow to $428.3 million by 2009 “creating a new application segment and establishing social networking as a new communications tool used for many purposes other than consumer socializing.”
IDC identifies three social networking segments emerging:
self-service […]
