A phenomenon whereby a product or service gains additional value as more people use it.
‘instant messaging is a market with strong network effects’
‘the network effect becomes a larger attractant than marketing as the business grows’
‘Now, 5 million users later, the tiny device has become a huge asset - a classic case of a network effect.’
‘A second challenge to health IT is that there is a negative network effect for early adopters.’
‘That cohesion - a kind of network effect - is what makes the peer group, or team, much stronger than the simple sum of its parts.’
‘A network effect occurs when my benefit from joining a network depends on how many others have joined the network.’
‘Rather than wait for the network effect, be a catalyst and supporter of it.’
‘They have a network effect, in that they become more useful as more people use them.’
‘Imagine the network effects that will occur when your industry gets networked and rebuilt and reinvented.’
‘With network effects, consumers and businesses may reap significant advantages that flow from the many consumers that utilize the same provider or platform.’
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