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StockNews.com
StockNews.com
Business
Nidhi Agarwal

May Growth Potential Analysis for NFLX vs. META

The global digital transformation is driving significant growth in the Internet services market, fueled by the e-commerce boom, healthcare digitization, rising online entertainment consumption, and e-governance initiatives.

The global internet service market is projected to touch 733.79 billion by 2031, exhibiting a CAGR of 4.4%. Moreover, as of April 2024, there were 5.44 billion internet users worldwide, accounting for 67.1% of the global population. Among the largest online markets in the world, the United States ranks third with over 311 million internet users nationwide.

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