European SEM Spending to Reach $1.4 Billion This Year

Search engine marketing is expected to generate 1.4 billion Euros ($1.87 billion) of spending in Europe in 2005, up 65% over 2004.

By 2010, European marketers will spend almost 3 billon Euros ($4 billion), up from 856 million Euros ($1.14 billion) in 2004 — on search marketing, according to news reports.