Some interesting stats in an email I received this morning from Speakeasy (the geek’s broadband provider):

U.S. small business spending on Web hosting is growing by 9.5% annually. It is expected to reach $7.4 billion by 2009, when over 83% of small businesses will have an online presence, according to analyst firm IDC.

IDC also projects that 25% of these companies will be using their sites to support online sales at that time. All of this translates into a positive outlook for the web hosting industry, which is expected to grow at a compound annual rate of nearly 15% through 2011.

Companies like GoDaddy are really poised to dominate this market IMHO. This also seems to implicate that we are still at the very early stages of the WWW.

tags: internet, investment, small business, spending, web hosting, www