The growth and expansion of the social networking sites is predicted to continue and increase in the next 5 years. So says the report from analyst , entitled ‘Mobile User Generated Content: Dating, Social Networking & Personal Content Delivery 2008-2013 (Second Edition)’.

According to the report, the total value of the user-generated content (UGC) space will experience a 7-fold increase, rising from $1.1 billion now, to > $7.3 billion 5 years from now.

More details and full article featuring the report here.