Analysts have just reported that Internet advertising has hit an all time high of over $3 Billion for the third quarter of 2005. This is the first time that total Internet ad spending has been this high:
Internet advertising hit its last similar milestone -- $2 billion in revenues -- back in the second quarter of 2000, right before the dot-com bubble burst.
For the full year, the Internet advertising industry took in $6.0 billion in revenue in 2002, a 16 percent slide from the year before.
Now to put this in perspective, US newspaper advertising in the third quarter of 2005 was over $11 Billion and U.S. total advertising spending will be $277.5 billion for the year. Check out the table here:http://www.clickz.com/stats/sectors/advertising/article.php/5941_2234931#table
So it is safe to say that Internet advertising has a lot of room to grow...