Corporations can now offer more than 100,000 types of services including online banking, online shopping, travel, insurance, health and wellness, healthcare, and social media, according to a report by the International Council on Corporations (ICCC).
It says it’s the first time since the internet began in 1995 that the size of the world’s largest corporations has increased in size.
“The rise in corporate services is not driven by demand,” ICCC’s chief executive, Michael Kamber, said in a statement.
“It’s driven by supply.
The rise of corporate services reflects a globalisation of the way the global economy works.”
The report found that the number of global corporations has been rising by more than a third in the past five years.
There are now about 1,400 global companies, including more than 300 multinationals, the ICCC said.
It said that the amount of global capital available to companies has increased from around $300 billion in 2000 to $2.8 trillion in 2017.
More: The ICCC says the rise in the size and scope of corporate service providers will be driven by the globalisation and connectivity of the global internet.
Its research shows that services offered to governments are expected to grow at about three to four times the rate of the size or scope of existing services.
As a result, “corporate service providers are now providing more than 200,000 different types of public goods, such as health, education, finance, transport, transport and communications, water, environmental protection, and infrastructure management, ICCC researchers say.
Corporate services now have a market share of around 2.5 percent of global GDP.
In addition to expanding their operations, companies have started to diversify their business models to increase efficiency and efficiency, the report said.
In 2018, there were 8.6 billion people in the world with no access to information services, the research found.
This includes 7.7 billion people who have limited access to mobile phones and computers.
The number of people with access to online services is also increasing.
The number of digital devices in use in the country is expected to rise from about 5.6 million to about 7.4 million by 2020.