Web 2.0 set to boom in Asia-Pacific

Expect Internet businesses in the Asia-Pacific region to start ringing the cash registers in two to three years, according to a new study released by IDC.IDC said the monetisation of online business models will start happening then, due in large part to the size of the region’s Internet population.IDC estimates that there are currently 900 million consumers under the age of 16 using Web 2.0 products, accounting for a third of the online population. In comparison, this consumer age group accounts for less than 20 percent of the population in countries such as the United States, United Kingdom and Germany.

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