Typically, the online space doesn’t change dramatically from month-to-month or even year-to-year. But according to Charles Buchwalter, the Senior Vice President of Research Analytics at Nielsen Online, in the past 5-6 years, “this industry has transformed itself.”
The growth is evident not so much in the number of users, but where users are spending their time and how much time they are spending. Not surprisingly, the two biggest areas of growth over the last 2-3 years are online video and social networks. The significant growth of these two areas proves that innovation is still happening despite the current economic climate.
Additionally, there are other areas that are showing positive developments in the midst of the recession. Healthcare, packaged goods, and telecommunications were big spenders in traditional media and were slow to come online. However, those industries are now stepping up their efforts on the Web.
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