The Economy is Recovering, Mobile Internet is Huge, and the iPhone Kicks --s
Yesterday Mary Meeker of Morgan Stanley gave her annual "information firehose" presentation at the Web 2.0 Summit in San Francisco. Each year she gives the world a whirlwind tour of key data and trends in technology that I find fascinating.
Here's a summary of the points from her presentation that I found to be most interesting along with key slides and a link to the full presentation:
- The economy appears to be on the path to recovery. Lagging indicators like employment still weak but should peak and then turn soon.
- Risks to the economy outlined include a variety of things but unemployment needing to peak and debt levels big fundamental concerns.
- Mobile Internet and Computing represent the next major computing cycle and that it will be much bigger than most people realize.
- Just as wired broadband (DSL, cable, fiber, etc.) reached critical mass in the first half of this decade, 3G mobile broadband penetration should reach an inflection point in 2010 where a strong network effect will accelerate further adoption.
- "Location changes everything". Great quote from Wired magazine about how these computers in our pockets being location aware will change everything about how we shop, who we meet, etc.
- Apple iPhone and iTouch are the platform that is setting the pace and defining the market at this point. She sees the iPhone maintaining the lead, competition emerging primarily from Android, and RIM hanging onto market share for 1-2 more years based on existing base.
- Social networking plus mobile Internet are creating unprecedented changes in both communications and commerce. A few great slides (included below) showing growth of time spent in social networking that, along with mobile Internet, represent a new type of communications platform. We share this philosophy and are trying to create the tools that small businesses need to take advantage of all this.
- Apple opened up their developer platform and it has put an end to the era of "walled gardens" amongst telecommunications carriers. Great slide showing the decline and struggles of carrier portals as a starting point for consumers and businesses using the Internet. At Mural and SMBLive we see this first hand and are working with a number of providers on next-generation strategies to adapt to the new world and do things that are more relevant for their customers.
- Very interesting slides showing Japan (whose population were early mobile Internet adopters) as a harbinger of what may evolve elsewhere as the business and monetization models around mobile Internet. Bottom-line, mobile marketing and e-commerce will become big growth drivers for businesses. Exciting alignment with the tools that we are building for both into CloudProfile for release before the end of 2009.
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- 10 months ago
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