This one crazy statistic explains everything about the Internet industry.
Video is eating the Web.
Already, we know that Netflix accounts for one-third of Internet traffic at peak hours. Toss in YouTube, and that figure rises to roughly half of all bandwidth consumed. But even that's small potatoes compared with what's coming. In five years, 80 percent of the entire world's Internet consumption will be dominated by video. That number will be even higher in the United States, approaching 85 percent.
Via Alastair Creelman