Paid advertising on the internet is now a massive and truly global business, and with every passing day it just keeps on getting bigger.
For example, in the first quarter of 2006, internet advertising revenues reached a new high of $3.9 billion and by the end of the third quarter of the same year, this figure had gone past $4 billion.
However, in the same Q3 period in 2007, internet advertising revenues surpassed $5.2 billion, setting another new high and continuing the trend of record breaking quarters that has been a constant ever since the Internet Advertising Bureau started keeping records back in 1996.
With the ever-increasing worldwide popularity of the internet, this is probably only what you would expect.
Nevertheless, moving from $4 billion to $5.2 billion dollars in one year indicates a phenomenal rate of growth, indicating that more and more businesses are wiling to commit ever more substantial proportions of their advertising budgets to promoting their businesses online in order to get their name and products in front of an increasingly discerning internet-connected global audience.