Global telecommunications industry revenue is expected to reach $1.2 trillion by the end of 2006 with strong growth in wireless communications paving the way, according to a recent report by Insight Research. The report predicts that wireless revenue will approach nearly 50 percent of all telecommunications services revenue by the end of next year.
At the start of 2006, over 1.8 billion worldwide subscribers will depend on mobile wireless telephones. The report predicts that the telecommunications industry as a whole will grow by nearly 6 percent a year over the next four years, and revenue will increase from $1.2 trillion in 2006 to almost $1.6 trillion in 2010.
The study also notes rapidly growing industry segments such as VoIP, WiFi, fixed-mobile convergence, IMS and streaming media, among others.
“The malaise of the last few years is finally beginning to dissipate,” said Insight Research President Robert Rosenberg. “Wireless communications will continue to displace wire line communications for voice calling and as the number of wireless 2.5G and 3G data services increases, wireless will continue to squeeze traditional landline calling.”
By Al Sacco