Domainbox Industry News

Tuesday, March 20, 2012

The UK is the largest online economy finds recent study.

The Internet has always been well supported in the UK. Recent figures show that the UK online economy is still growing, generating 8.3% of the UK economies GDP last year. This equates to £121 billion, making the online economy bigger than a lot of other major trade sectors such as healthcare, construction or education. UK businesses are increasingly embracing domain names and online presence as a way of marketing their products and services. In the retail market one eighth of all transactions were accounted for by online purchases. As a