An anonymous reader quotes a report from Forbes: The first internet streaming and usage figures are coming in as the coronavirus pandemic places a quarter of the world’s population under lockdown. As millions of people go online for entertainment and more, total internet hits have surged by between 50% and 70%, according to preliminary statistics. Streaming has also jumped by at least 12%, estimates show. [Maria Rua Aguete of Omdia, the tech research arm of Informa Tech] said the annual figures are revealing: “Ecommerce will be the other sector that will see a revenue boost as a result of the pandemic, adding $175 billion in revenue in 2020, which represents a 5% increase.”
Omdia predicts $11 billion losses for the movie industry with a 25% decline and a 15% drop in TV advertising, especially for ads promoting events such as concerts that can no longer take place. The surge in demand comes coupled with a warning from the company that paid TV advertising may decline by 15%. Omdia also predicted that industry recovery will start in 18 to 24 months. While official figures from Google’s YouTube and other internet giants are awaited, Omdia’s figures accord with other analysts. “Broadband providers are thus far experiencing a traffic surge between 30% and 50% across their mobile and fixed networks,” said Alfonso Marone, who is head of media at KPMG U.K.: “Where self-isolation policies are at their peak in Europe, the spike in internet traffic has reached as high as 70%, which is indicative of what the traffic surge could look like in other regions in just two to three weeks’ time. The most bandwidth-hungry are the online entertainment applications, especially those in high-definition like 4K movies and TV. For broadband providers, this spike may be seen as more a source of headache.”
of this story at Slashdot.
Source:: Slashdot