1.5 Million Web 2.0 User Base In India
Excluding the established, large global players like Orkut, YouTube, Flickr, Wikipedia et al, IDC estimates that Web 2.0 start-ups have a combined user base in India of around 15 lakh users, after eliminating overlaps.
Commenting on the study, Kapil Dev Singh, Country Manager, IDC India said, “A high degree of entrepreneurial activity has been instrumental in shaping the current Web 2.0 scenario in India so far. The trend is likely to continue in 2008 and a “me-too” driven mushrooming up will ready the ground for a phase of shakeouts and consolidation, as some of the ventures would begin to lose steam. This phase is expected to set in around late 2008 or early 2009. At the same time, 2008 will also see the entry of some large Web 1.0 players in the fray, which will help expand and grow the market.”
Filed under: India, Statistics