Today, banks and traditional money lenders are not the only source of credit to individual customers and small businesses. Instead, the Internet has led to the creation of peer-to-peer (P2P) lending that helps match borrowers with lenders through online platforms for small loans. P2P lenders are able to fund smaller debt requirements by being able
A recent report released by Markets and Markets estimates the global cloud computing spend to grow to $121.1 billion by 2015, recording a compounded annual growth rate of 26% over the period 2010 through 2015. Another report by Market Research Media expects strong growth within cloud computing to continue. The report projects a 30% annual
According to an infographic released by Staff.com late last year, nearly 92% of the companies surveyed use the social media for recruiting decisions. LinkedIn (NYSE: LNKD) is the leading professional network choice for companies. 78% companies surveyed were using LinkedIn in 2010 and that number grew to 93% in 2012. The increased focus on social
According to China Internet Network of Information Center, China’s Internet population grew 3.7% over the year to 618 million users as of December last year. That translates to 45.8% Internet penetration in the country. Mobile Internet usage statistics are also impressive with the number of users growing 19.1% to more than 500 million. The center
A recent eMarketer report projects that nearly 55% of the country’s Internet using population above 18 years of age will redeem digital coupons at least once this year. The number has increased by 8% over last year. The researcher estimates the total number of adult digital coupon users to grow from 103.5 million last year to
PwC’s report on Global Entertainment and Media projects entertainment and media (E&M) services market to grow to $2.2 trillion by 2017 – translating to a 5.6% annual growth over the five years from 2012 through 2017. PwC projects the digital segment of the market to be the big driver with digital revenues growing 12% annually and
An IBIS World Research report published last December pegs the US online photo printing market at $2 billion, led by Shutterfly and Snapfish. Over the five year period 2008 through 2013, the market reported an impressive 14.5% annual growth. The increased adoption of services like Photo Books is already replacing traditional albums. In a US
According to an IDC report released last year, the worldwide Human Capital Management (HCM) market was pegged to be worth $7.5 billion in 2011. IDC estimates that HCM will grow annually at 8.1% over the next five years through 2016. The growth in the market is expected to be driven by the increasing adoption of