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Worldwide Telecommunications Industry Revenue to
Reach $2.7 Trillion by 2017, says Insight Research.
press
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MOUNTAIN
LAKES, NJ. January 2, 2012:
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Recent
Reports
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The global telecommunications industry continues to expand as spending by
consumers and businesses for wireless services fuels industry revenue growth,
says a new market analysis report from The Insight Research Corporation.
According to the new industry market study, telecommunications services revenue
on a worldwide basis will grow from $2.1 trillion in 2012 to $2.7 trillion in
2017 at a combined average growth rate of 5.3 percent.
“The 2012
Telecommunications Industry Review: An Anthology of Market Facts and Forecasts”
notes that wireless subscriber growth, particularly in Asia and other emerging
markets, will raise wireless revenues by 64 percent from current levels, while
wireline revenues show only modest growth. Nearly all of the growth in both
sectors is expected to occur in broadband services, with wireless 3G and 4G
broadband services projected to grow at a compounded rate of 24 percent over the
forecast period and wireline broadband services projected to grow at a 13
percent compounded rate over the same forecast horizon.
“Despite global economic uncertainty, the telecommunications industry is showing
strong revenue growth, which is being driven by consumer Internet usage and
business mobility solutions. These are enabling new applications,” says Fran
Caulfield, Research Director for Insight Research. . “Even amidst so much
economic uncertainty, the fact remains that telecommunications is a key factor
in economic growth. Telecommunications facilitates socio-economic advancement
and is a critical utility for economic development, much like water and energy,”
Caulfield concluded.
In addition to regional and sector forecasts, the report provides an assessment
of the key drivers of this growth, including industry trends, network
infrastructure and access technologies, telecom services, and enterprise telecom
markets. An excerpt, table of contents, and ordering information are available
online at
http://www.insight-corp.com/reports/review12.asp. This comprehensive
352-page report is available immediately for $1,195 (hard copy). Electronic
(PDF) reports can also be ordered online. Visit our Website, or call
973-541-9600 for details.
For more information please
contact:
Ms. Kim Novak, Marketing Director
973-541-9600
kim@insight-corp.com
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Telecom
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