Seanad debates

Thursday, 17 October 2002

Digital Hub Development Agency Bill, 2002: Second Stage.

 

It is true that the economic slowdown, particularly in the United States, in the latter half of 2000 and through 2001, has had an impact on the sector. However, it is illustrative that the market value of the digital media industry was estimated at over $178 billion for 2001 and is forecast to increase to US$434 billion by 2006. This growth will be driven by a continued rise in the levels of global penetration of the Internet and mass market access to broadband services and devices which will, in turn, lead to an increasing demand for digital content. Developments such as this cannot be seen in isolation – they are critically dependent on other deliverables.

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