Mary Meeker at the Web 2.0 Summit
Morgan Stanley technology analyst Mary Meeker was among the notable speakers at the Web 2.0 Summit.
In her rapid-fire 15-minute presentation, Meeker noted that consumers, not the enterprise, were now driving technology.
While enterprises have driven demand for technology for most of history, consumers were now the #1 users of semiconductors, surpassing IT and government.
Among other key trends Meeker indicated were driving the technology market:
* High demand for consumer Internet-enabled services is driving the demand for technology infrastructure by companies like Yahoo!, eBay, Amazon, Google, iTunes, PayPal, YouTube, Facebook and others.
* Wireless innovation is accelerating, with 3G handset adoption set to double by 2009
* Storage needs continue to ramp with consumers expecting to both connect and carry mobile devices
* Strong data center growth to support today’s technology products
* Enterprises are starting to emerge from their purchasing funk
Towards the close of her presentation, she singled out a group of compelling internet companies: YouTube, Wikipedia, Demand|Media, Slide, Digg, Joost and Facebook. A few key metrics:
- YouTube had more than 206 million global uniques in August, up 185% from a year earlier
- Wikipedia has 211 million unique visitors and more than 8.3 million pages
- Facebook presentation widget Slide has had more than 45 million installs and has 5 million active users
- Video-on-demand provider Joost has had more than a million users sign up for its invite-only beta
- While Facebook's 69 million visitors is impressive, what's more astounding is that they are now seventh overall in terms of minutes spent on the site (more than 15 billion minutes last month)
Meeker notes that there remained risks to this rosy picture. She suggested that a recession remained a potential challenge and that the spreading crisis of subprime woes should not be underestimated.
Her full presentation is available from the Morgan Stanley Global Technology site.
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