Web site development booming

Web site development booming

The growth of electronic commerce is in turn fuelling rapid expansion in the Web site development industry, which has reached $US10 billion this year, a research firm reported last week.

Revenue generated online, which will reach $US95 billion this year and is expected to total $226 billion next year, is inspiring e-commerce sites to budget more money for site building, according to the report issued by ActivMedia LLC.

Average investment for e-commerce Web site development this year for sites excluding those run by ISPs (Internet service providers) is about $US37,000, the report said.

Titled Real Numbers Behind Net Profits, the report found that media/portal houses made the highest investments, averaging about $78,000 per site; business-to-consumer sites selling exclusively online invested an average of $68,000; and retail and business sites spent an average of $25,000.

Developers of European Web sites spent $77,000 per Web site, twice as much as their North American counterparts.

Spending by Web site companies who anticipated achieving profitability within two to five years ($59,000) was greater than that reported by firms that were already profitable or were expecting to report profits very soon ($26,000).

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.


Show Comments