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Corporate Telecommunications Spending to Hit $140 Billion in 2009, Says
Insight Research Corp.
press
release
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BOONTON, NJ.
December 11, 2008:
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Recent
Reports
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Despite slowdowns and spending
cuts in many industries, overall spending by all US businesses on wired and
cellular calling is forecasted to reach nearly $140 billion by the close of
2009, says a new market research report from Insight
Research. The study predicts that cellular calling will account for just
over 41 percent of the US corporate phone bill for telecommunication services in
2009, and is the fastest growing expense area.
Insight’s newly released market
analysis report,
Telecom Services in Vertical Markets 2008-2013 reveals that wireless
service revenues are expected to grow at a compounded rate of nearly 16 percent
annually from 2008 to 2013, while growth in wired services remains essentially
flat. The biggest spenders on cellular services will come from four market
segments: construction; financial, insurance, and real estate; professional
business services; and transportation. The study analyzes 14 vertical industries
categorized by the NAICS, and focuses on corporate spending for wireline and
wireless telecommunications services in each of the 14 industries.
“Even without the current recession, revenue growth in wireline services was not
forecasted,” says Robert Rosenberg, President of Insight.
“It is continued demand for wireless services that is keeping the telecom
industry in the black, though that demand is going to be uneven across the
various business sectors,” Rosenberg concludes.
An excerpt of this market research report, table of contents, and ordering
information are available online at
http://www.insight-corp.com/reports/vert08.asp. This 114-page report is
available immediately for $3,995 (hard copy). Electronic (PDF) reports can be
ordered online.
For more information please
contact:
Ms. Kim Novak, Marketing Director
973-541-9600
kim@insight-corp.com |
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The 2009
Telecom Industry Review |
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Location Based
Services, 2008-2013 |
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The Future
of Telecom, 2008-2013 |
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Private Line, 2008-2013 |
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Insight
Research,
founded
in
1990,
is
a
highly
respected
source
for
telecommunications
market
research
and
strategic
analysis.
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Contact
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Marketing Dept.
at Insight Research
973-541-9600
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Telecom
Market
Research,
