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November 23, 2008 2:28:08 AM CST

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Web 2.0 Buying Will Hit $4.6B by 2013: Analyst

Posted Apr 22, 08 3:55 PM CDT in Technology 

(Newser) – Spending on Web 2.0 technologies is ready to explode, according to a new report from Forrester Research. The market will reach $4.6 billion by 2013, the report predicts, as the technology starts to saturate the business world. To get there, it’ll have to jump an average of 43% a year, since this year’s sales amount to a mere $764 million.

The report defines “Web 2.0” as blogs, wikis, RSS, mashups and podcasting. Soon, researcher Oliver Young argues, those technologies will be as ubiquitous as Microsoft Office. And while $4.6 billion may look like an eye-popping figure, it would account for just 1% of the enterprise software market. “It’s a drop in the bucket,” says Young. “It’s not very much in actuality.”

Source CIO Magazine

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If the Forrester estimates are correct, Web 2.0 spending will have to jump at a rate of 43% per year.   (Shutterstock)
But while that may seem like a lot, it will still represent just a fraction of the enterprise software market.   (Shutterstock)
Someday, the report argues, Web 2.0 applications will seem as essential as programs like Microsoft Office do today.   (Shutterstock)
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