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Worldwide Telecommunications Industry Revenue to
Top $25.6 Trillion Over Five Years, says Insight Research Corp.
press
release
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MOUNTAIN
LAKES, NJ. February 3, 2011:
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Recent
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Despite the unsteady state of
the domestic US economy, the worldwide telecommunications industry is expected
to continue expanding over the next five years as continued spending by
consumers and businesses for wireless services, especially in emerging markets,
drives industry revenue growth, says a new market analysis report from The
Insight Research Corporation. According to the new industry market study,
telecommunications services revenues on a worldwide basis are expected to grow
at a compounded rate of nine percent over the next five years, bringing the sum
spent globally on telecommunications to $25.6 trillion by 2016.
“The 2011
Telecommunications Industry Review: An Anthology of Market Facts and Forecasts”
notes that wireless makes the strongest showing while wireline follows a distant
second. Nearly all of the growth in both sectors is expected to occur in
broadband services, with wireless broadband service revenues expected to grow at
a compounded rate of more than 45 percent over the forecast period, while
wireline broadband services grow at almost a 14 percent compounded rate over the
same forecast horizon.
“While there are indications that the worst of the economic turmoil on a global
basis is past, job creation in the US still remains elusive, and is slowing
domestic recovery. Yet even amidst the uncertainty, we expect the
telecommunications industry to continue growing,” says Insight president Robert
Rosenberg. “Telecom is as necessary to development as roads and bridges, so we
expect it to fare much better than other economic segments that may take longer
to return to normalcy,” Rosenberg concluded.
An excerpt, table of contents, and ordering information for this market research
study of the global telecommunications industry are available online at
http://www.insight-corp.com/reports/review11.asp. This 316-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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Marketing Dept.
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973-541-9600
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