From 1996 to 2011, U.S. broadband Internet companies invested over $1.2 trillion in communications networks, and these investments have paid huge economic and social dividends.
Over 6.3 million U.S. jobs have been added because of the Internet and broadband, more than 500,000 Americans are working in the new app economy, and today’s connection speeds on many networks are 19 times faster than they were just six years ago.
The U.S. is by far the most popular destination for migrant inventors, hosting 57% of the world’s inventors that reside outside their home country. Moreover, there are 15 times as many immigrant inventors in the U.S. as there are American inventors residing abroad.
Switzerland, Germany, and the UK also attract considerable numbers of inventors. Interestingly, though, Germany and the UK see more inventors emigrating than immigrating. Canada and France similarly show a negative net inventor immigration position.
One in every five jobs in the U.S. required a high level of knowledge in science, technology, engineering or math (STEM) as of 2011. Since the industrial revolution, the share of these kinds of jobs in the U.S. workforce has roughly doubled.
The Brookings Institution recently released “The Hidden STEM Economy,” a report that reviews the concentration of jobs that require technical knowledge.
The major causes for low subscribership, as extensive survey research shows, are low interest in the Internet and minimal digital literacy. And too many American households lack the money or interest to buy a computer.
Our broadband subscription rate is 70 percent, but could easily surpass 90 percent if computer ownership and digital literacy were widespread.
The global economy is finally heading back towards a growth path, according to the latest forecasts from the OECD. GDP in the U.S. is set to grow 2.8 percent next year, against 1.9 percent in 2013. Japan’s economy is forecast to grow 1.4 percent in 2014 after 1.6 percent in 2013.
Even the crisis-stricken Eurozone can look forward to modest growth of 1.1 percent next year, after shrinking by a predicted 0.6 percent in 2013.
CISPA would grant companies more power to obtain “threat” information (such as from private communications of users) and to disclose that data to the government without a warrant — including sending data to the National Security Agency.
#8. Traditional TV is under more pressure
Over-the-top content for connected TVs and non-linear TV content will continue to force broadcasters, pay-TV and telecom operators to re-think their strategies.
The take-up of paid-for OTT video services to the TV in Canada and the USA will more than double between 2012 and 2017 — reaching 53.1 million households 37.4% of households by the end of 2017.
via Analysys Mason
Due to its indisputable value to Americans, the US wireless industry has grown into one of the largest sectors of the US economy. The US wireless industry generates as much economic activity as the Czech Republic, the 46th largest economy in the world
via Recon Analytics
Box office revenues in North America surged by 23.5 percent in the first three months of 2012 to $2.59 billion — that’s compared with $2.09 billion during the same period in 2011.
The 2012 boost follows on from a disappointing Q1 2011, which finished 20.7 percent below the most recent first quarter high set in 2010. However, the 2010 tally was at least partially inflated with box office takings from 3D blockbuster Avatar (first released in December 2009).
Plotted against 2010’s Q1 record, 2012 therefore finished marginally lower (2.1 per cent down) and therefore representing a historically good performance.
Even with some successes — such as online jukebox Spotify — Europe’s tech industry continues to lag the U.S. market.
Total venture capital investment in the third quarter of 2011 in the U.S. outstripped that in Europe by almost eight times. Only one of the 10 largest global technology companies by market value — Germany’s SAP AG SAP — is European.
The value of tech companies in the U.S. is $3 trillion, according to Bloomberg data, almost nine times the $351 billion in Western Europe.