An increasing reliance on advanced technologies, social media platforms, and search engines has been driving the growth of companies that operate in this space. The internet service industry should continue to grow due to innovation and increased use of internet-based technologies in many industries. We think this bodes well for fundamentally sound internet stocks Alphabet (NASDAQ:), Facebook (NASDAQ:), Yelp (NYSE:), and Groupon (NASDAQ:). Continue reading. With digitalization continuing, our dependence on internet services is growing. According to a Broadband Search report, 63.2% of the world’s population uses the internet.
The rising dependence of governments, businesses, and individuals on internet-based services should drive the industry’s growth. Global internet services are expected to grow at a rate of 5%, reaching $632.4 million by 2027. The growing use of IoT in various industries such as IT, banking and education is predicted to increase demand for internet-based services.
It is possible to make a profit by investing in high quality internet stocks Alphabet Inc., Facebook, Inc., Yelp Inc., YELP, Groupon, Inc., or GRPN. Based on the consistent innovation, broad product ranges, and high sales growth they each are likely to return substantial returns.
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