A new report, reveals how speed, agility, mobility, innovation, and reuse are forcing organisations globally to push aside old technologies, models, and architectures to make way for the brave new world of Web 2.0. Broadly put, Web 2.0 is a paradigm shift in the way the Internet is used. It involves a more open approach to the Internet, and user-generated content in particular, such as blogs, podcasts, social media and special-interest review sites. The report highlights the ways in which companies and institutions can use Web 2.0 technologies to change how they do IT and hence run their businesses.

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The Consumer Electronics Association (CEA) said that the revenue of the global consumer electronics industry is expected to reach $700 Billion by 2009. The association forecasts that the expenditure on consumer electronic goods in 2009 will be up by $42 billion. Moreover, China will account for around 15% of the global electronic products revenue in 2009, following the US and Western Europe with 22% and 16% respectively. The sales of mobile products will dominate the rest of products with 1.5 billion units in 2008.

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The robust economic growth support by government schemes has benefited India’s tourism industry immensely. Presently, the Indian tourism industry stands at about $16 billion and is likely to reach nearly $26 billion through 2010. The country is anticipated to see the arrival of 10 million tourists during 2010 from only 5 million in 2007. As far as outbound tourism is concerned, it is projected to rise at a compound annual growth rate (CAGR) of 13.30% from 2008 to 2012, due to the rising personal disposable income of the Indian population. Consequently, the Indian tourism industry is expected to contribute nearly 1.5% in the global tourism sector by 2010.

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With many biologic drugs treating diseases of old age like cancer and arthritis, whose incidence is on the rise in Europe and the US, the use of biologics is set to increase. This to the extent that the sector is projected to be responsible for driving growth of the pharmaceutical market as a whole through 2012.

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The European Union’s industry committee has voted to half its biofuels target for 2020, reducing it from 10% to 5% of total road fuel in energy terms. Given the large differences in the consumption of biofuels across Europe, the effect of this change, if implemented, would differ greatly between markets.

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Across the US, all eyes and ears are focused on two people: Senator Barack Obama and Senator John McCain. With the completion of the Democratic and Republic Conventions, the US presidential election is now officially in full swing. Topping the list of issues concerning Americans are the economy, healthcare, the war in Iraq, taxes, and energy, but some citizens have also insisted that science and innovation be brought to the forefront of America’s political dialogue.

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The industry research firm IDC (International Data Corp) has revealed that the personal computer market is witnessing strong growth in the Asia-Pacific region (excluding Japan), as reported by chinatechnews. The PC market of Asia-Pacific reached about 19 million units in Q2 2008, a rise of nearly 8% over Q1 2008, and around 15% annual increase as compared to Q2 2007. Also, Singapore recorded an annual growth of about 24%, while Lenovo Group, with nearly 18.2% of market share, remained the leader. HP (Hewlett-Packard) and Dell followed it with around 14% and 8.9% market shares respectively.

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A new report by independent market analyst Datamonitor reveals that the pet insurance market is one of the fastest growing insurance markets in the UK and is set to expand further. In 2007, GWP grew by almost 17% to an all time high of £440 million. Datamonitor forecasts the market will grow a further 58% to attain a value of almost £700 million in 2012.

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According to Gartner, the global sales of mobile phones is expected to surge 11% this year to 1.28 billion units, compared to 1.15 billion in 2007, as reported by IndiaInfoLine. Mobile sales in the first quarter of 2008 stood at 294.3 million units, and are estimated to reach 300-305 million units in the second quarter of this year. The mobile phones sales in the Asia-Pacific region is projected to rise by 17.9% against 2007, while in North America, the sales are anticipated to near 185.7 million units, an increase of 5.3% from last year. Moreover, the sales in Western Europe are projected to total at 188 million units, while in Japan, it will reach 47.7 million units.

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The China Association of Automobile Manufacturers (CAAM) reported that the country’s auto industry sales slipped down by 5.19% to 3.61 million passenger cars in the first six months of 2008 from the same period a year ago, as reported by AFP. The association further revealed that the industry sales in June 2008 surged by an annual growth of 13% to 517,469 units, but this was the third month in a row when rising sales graph took reverse turn. Moreover, both sedan and multi-purpose vehicle (MPV) sales grew by 16.72% to 2.67 million and 4.09% to 111,400 units respectively. However, sports utility vehicles (SUVs) showed the impressive performance with 42% increase to 224,300 units during the first half of 2008.

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