And this year alone, revenue is set to grow an impressive 24.3 percent to $3.19 billion. As services improve and gain greater consumer acceptance, IBISWorld forecasts that many more providers will begin to turn a profit -- with Vonage leading the way. The U.S.'s largest VoIP provider is expected to become profitable for the first time this quarter.
Capitalizing On Corn
The robust outlook for the corn industry in coming years hinges on the now burgeoning ethanol industry, with demand set to continue and the number of corn plantings increasing to keep pace with demand.
"The outlook for corn farming is much stronger than for many other crops this year, with industry revenue expected to grow 4.9 percent per annum in the years to 2012, compared with 3.9 percent for soybeans, and just 1.6 percent for wheat. In terms of size, we expect the industry to expand by a solid 15 percent this year, with improving prices playing an important role in the sector's success," said Mr. Van Horn.
As a result of the Federal Government announcing its production target of 35 billion gallons of biofuels by 2017, ethanol production will grow to 7 billion gallons by 2010, up from 4.5 billion in 2006, boosting ethanol's share of corn demand from 22.6 percent to 36.1 percent. But, according to IBISWorld, the good times won't be endless, with oversupply likely by 2010, at which time prices will fall once again.
The Big Business Of Search
Web search portals will grow again in 2008, this time by 13.4 percent, with broadband connections also expected to rise by 15.1 percent.
"Between this year and 2012, we believe that industry revenue will
increase by 56 percent as Internet penetration still has some way to go to
reach full saturation in American households," said Mr. Van Horn.
"Furthermore, broadband services will account for an ever increasing share
of domestic Internet users, rising to 118.7 million by 2012, w
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