Digital Economy Report 2019

Digital Economy Report 2019
Question: Recently, which of the following organization has released the Digital Economy Report, 2019?
(a) UNCTAD
(b) World Bank
(c) International Monetary Fund
(d) United Nations Development Program
Answer :(a)
Related facts:
  • On 4th September 2019, UNCTAD (United Nation Conference on Trade and Development) released the ‘Digital Economy Report, 2019’ for the first time.
  • According to the report, wealth creation in the digital economy is highly concentrated in the United States and China.
  • The United States and China accounts for 75% of all patents related to Blockchain technologies and as much as 90% per cent of the market capitalization value of the world’s 70 largest digital platform companies.
  • Also, the United States and China account for 50% of global spending on the Internet of Things (IoT) and over 75% of the cloud computing market.
  • According to the report, India generated the ninth-highest e-commerce sales globally in 2017 by generating a total business of $400 billion which share 15% of GDP.
  • According to the report, Global Internet Protocol (IP) traffic was 100 gigabytes per day in 1992, which increased to 46,600 gigabytes per second in 2017.
  • Global Internet Protocol traffic is estimated to be 150,700 gigabytes per second in the year 2022.
  • 7 ‘Super Platforms’ namely Microsoft, Apple, Amazon, Google, Facebook, Tencent and Alibaba account for two-thirds of the total market value of the top 70 platforms.
  • Google owns 90% of the Internet search market, while Facebook represents two-thirds of the global social media market.

Links:

https://unctad.org/en/PublicationsLibrary/der2019_en.pdf

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/indias-domestic-market-for-computer-services-to-grow-faster-than-exports-un-report/articleshow/71005595.cms?from=mdr

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