Press release from Business Wire India
Source: VeriSign
Tuesday, February 15, 2011 01:00 PM IST (07:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Telecommunications; Technology
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Verisign Marks 15 Years of the Commercial Internet in India at a Thought Leadership Event
Presents Net Ch@kra, a book on the impact of the Internet in India, to commemorate the occasion
New Delhi, Delhi, India, Tuesday, February 15, 2011 -- (Business Wire India) -- Verisign, the trusted provider of Internet infrastructure services for the networked world, marked the profound impact of the Internet at its Thought Leadership Event held in New Delhi on February 11th, 2011. Attended by Internet policymakers, industry leaders and other stakeholders, the event celebrated the transformational force of the Internet and looked forward to its next fifteen years.
The Internet economy in India has been in existence for more than 15 years. During this time, it has revolutionized businesses, the economy and society. Key India Internet facts include -
- With 81 million Internet users1 India today ranks fourth in terms of Internet users worldwide
- Rediff.com was the first .com domain name registered in India in 1996
- India has 180,000 cyber cafes and 75,0002 Community Service Centres (CSCs)3 that cater to the Internet access needs of consumers
- www.irctc.in, the website of the Indian Railways Catering and Ticketing Corporation, is the most searched website4
- 84 percent of total Internet users visit social networking sites in India5
- India's mobile market is predicted to reach 868.47 million users by 20136
- The mobile Internet is primarily used to check emails and search for information7.
- India has registered a total of 1.037 million .com and .net domain names8
- India is predicted to have the third largest number of Internet users by 20139
"The Internet has not only transformed India, it has defined a generation of innovation and entrepreneurism, serving as the launch pad for a new generation of companies that have transformed communications, commerce and entertainment. Its promise as a medium for improving commerce and daily life will be further strengthened as it is used by more and more people. A multilingual Web, ease of use via the voice perhaps and the mobile Web could be solutions for the future. Public-private partnership will of course continue to play a key role in accelerating the growth of the Internet in India," said Mr. Ravi Shanker, Joint Secretary & CEO NIXI, Ministry of Communications & Information Technology, Department of Information Technology, Government of India.
The Internet boosts economic growth and its direct impact on economic growth has been calculated in a study done by the World Bank. The study10 reveals that for every 10 percentage-point increase in the penetration of broadband services, developing countries can see their economy grow by 1.3
"What makes the Internet so powerful and pervasive is the extent to which it supports and improves our lives. The 25th anniversary of .com is an opportunity to celebrate the Internet and all of the individuals and organizations that have contributed to its remarkable development. With continued diligence, global cooperation and commitment, there is no limit to what we will accomplish in the years to come", said Patrick Kane, Senior Vice-President and General Manager, Naming Services, VeriSign Inc. "As one of the most dynamic and fastest-growing Internet markets, India will be at the forefront of the next 25 years of digital evolution. India not only accounts for a large and growing percentage of the global user base, it has also emerged as a hotbed of innovation and a nexus for high-tech and engineering expertise", he added.
To commemorate the occasion, Mr. N Ravi Shanker and Patrick Kane unveiled Net Ch@kra, a book on the impact of the Internet in India. The book is an initiative of and is published by the Digital Empowerment Foundation (DEF), a not for profit organization that works toward finding solutions to bridge the digital divide. Net Ch@kra is a compilation of articles from academicians, industry and government leaders such as Sam Pitroda, Adviser to the PM for Public Information Infrastructure & Innovation, Jyotiraditya M Scindia, Minister of State, Ministry of Commerce & Industry; N. Ravi Shanker, Joint Secretary, DIT; Ganesh Natarajan, CEO, Zensar and Prof S. Sadagopan, Founder-Director, IIIT-B.
Verisign as a part of its commitment to the Internet infrastructure has embarked on an initiative called Project Apollo, which will grow capacity 1,000 times today's capacity of 4 trillion queries to manage 4 quadrillion queries per day by 2020. This initiative will dramatically strengthen and scale the .com infrastructure by the year 2020. Over the next three years alone, the Internet is expected to see the number of users increase by 500 million to 2.2 billion worldwide, and devices accessing the Internet increase from 1.6 billion devices to 2.7 billion devices. And with the emergence of innovations like smart grids, electronic health care and radio frequency ID (RFID) tags, the Internet and associated technology systems will undergo profound changes in the next decade.
About Verisign
VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, Verisign enables companies and consumers all over the world to connect online with confidence. Additional news and information about the company is available at http://www.VerisignInc.com
Sources:
1 According to http://www.internetworldstats.com/top20.htm, updated for June 30, 2010
2 According to Cyber Café Association of India (http://www.ccaoi.in/UI/links/Organization.php)
3 Community Service Centres (CSCs) were established under the NeGP (National e-Governance Plan) in the far-flung rural areas of the country to bring the benefits of ICT (Information and Communication Technologies) to the people for socio-economic development of these regions and to alleviate the digital divide between urban and non-urban areas.
4 From - http://www.google.com/intl/en/press/zeitgeist2010/regions/in.html
5 Out of total Internet users in India, 84 percent users visit social networking sites. This makes India the world's seventh largest social network sites visitor. From the website http://www.oceanofweb.com/india/top-10-social-networking-sites-india.html
6 From - http://apac.globalthoughtz.com/index.php/indian-telecom-industry-a-tale-of-success-in-a-time-of-failure/
7 Source - http://www.pluggd.in/mobile-internet-users-in-india-297/
8 From the Q1, 2010 DNIB Report
9 From http://timesofindia.indiatimes.com/business/india-business/India-to-have-3rd-largest-number-of-Internet-users-by-2013/articleshow/4821630.cms#ixzz17cd7Ku5S
10 From the report Information and Communications for Development 2009: Extending Reach and Increasing Impact. Report available on http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTINFORMATIONANDCOMMUNICATIONANDTECHNOLOGIES/EXTIC4D/0,,contentMDK:22229759~menuPK:5870649~pagePK:64168445~piPK:64168309~theSitePK:5870636,00.html
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. These statements involve risks and uncertainties that could cause Verisign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as increasing competition, pricing pressure from competing services offered at prices below our prices and changes in marketing practices including those of third-party registrars; the current global economic downturn; challenges to ongoing privatization of Internet administration; the outcome of legal or other challenges resulting from our activities or the activities of registrars or registrants; new or existing governmental laws and regulations; changes in customer behavior; the inability of Verisign to successfully develop and market new services; the uncertainty of whether our new services will achieve market acceptance or result in any revenues; system interruptions; security breaches; attacks on the Internet by hackers, viruses, or intentional acts of vandalism; and the uncertainty of whether Project Apollo will achieve its stated objectives. More information about potential factors that could affect the company's business and financial results is included in Verisign's filings with the Securities and Exchange Commission, including in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Verisign undertakes no obligation to update any of the forward-looking statements after the date of this announcement.
©2011 VeriSign, Inc. All rights reserved. Verisign, Verisign Trust, and other related trademarks, service marks, and designs are registered or unregistered trademarks of VeriSign, Inc., or its affiliates or subsidiaries in the United States and other countries. All other trademarks are property of their respective owners.
CONTACT DETAILS
Nidhi Hola, Media Relations, Verisign, +91 9811205937, nhola@Verisign.com
Nancy Fazioli, Investor Relations, Verisign, 650-316-6569, ir@Verisign.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
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