Internet-Based Services Drove Information Sector Growth

America Counts: Stories Behind the Numbers

Internet-Based Services Drove Information Sector Growth

The last two decades bore witness to a marked explosion in information-sharing readily available at our fingertips via mobile devices and touchscreens. As a result, many industries in the Information sector have grown at a markedly rapid rate.

The U.S. Census Bureau's 2022 Service Annual Survey estimates that revenue of employer firms in the Internet Publishing and Broadcasting and Web Search Portals industry soared 181.9% from $120.2 billion in 2015 to $338.7 billion in 2022.

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This industry, which includes firms that provide social media and video and audio streaming services, has been one of the Information sector's largest revenue contributors.

Demand has been rising: the share of adults who reported using the internet rose from 86% in 2015 to 95% in 2023, according to the Pew Research Center.

Continue reading to learn more about how Information industries have fared compared to traditional media like Radio Stations and Newspaper Publishers.