Group Buying Industry In U.S. Estimated To Grow 138 Percent To $2.7 Billion This Year

The group buying industry has sprung out of nowhere over the past two years. A new report (embedded below) by daily deal aggregator Local Offer Network puts the U.S. gross revenues across the industry at $1.1 billion last year, and estimates gross revenues will grow 138 percent to $2.7 billion in 2011. Groupon alone, according to other sources, is expected to bring in between $3 billion and $4 billion this year, up from $760 million las year, but those numbers are worldwide. If you figure at least half of Groupon's revenues come from the U.S., you can get a sense of how much it dominates the market?capturing anywhere from about 50 to 75 percent of expected industry revenues this year.

Aisha Tyler K. D. Aubert Sara Spraker Alexis Bledel Kim Kardashian