Online profits to reach 33.7 billion online in Europe

According to the The European Information Technology Observatory (EITO):

• Revenues from Internet access growing by more than 10 percent
• Telephone flat rates and online video sales are stimulating business
• Germany is the largest single market in the EU with a 25 percent share

The increase in revenue (+10.7% in 2008) is attributed to the falling prices of high speed DSL connections. Lower connection costs and higher speed stimulate consumption for online services (Music and Video on Demand).
According to the the latest EITO forecast, by the end of 2008 there will be an estimated 114 million broadband Internet connections in Western Europe, making fast data lines available to 26 percent of the population.

• Download press release (.doc)
• Download data sheet ICT market overview of the EU (.pdf)