The growth of Web 2.0 sites has been apparent to everyone who uses the Internet regularly. Sites such as YouTube, Flickr , Digg and Wikipedia have driven this growth.
While this growth has been apparent, and talked about to a great extent both in the online and offline media, especially since Google’s high-profile acquisition of YouTube, actualy growth rates have not been pegged down… till last week, when Hitwise General Manager Bill Tancer told a gathering at the O’Reilly Web 2.0 Expo that the market share of visits to Web 2.0 sites has grown 688 percent over the past two years.
Tancer predicts that user participation has not yet gone mainstream, and when it does, there will be an “explosion of new content on the Web”. he projects sites like StumbleUpon, Piczo, Veoh, Yelp, imeem, and WeeWorld to drive the new wave of growth.