April 14, 2004 Boonton, NJ -- The global telecommunications industry will return to historic growth patterns beginning in 2004, contends a new report from market analyst firm Insight Research. According to the study, worldwide telecommunications services revenue is expected to grow at a compounded annual rate of 8% from 2004 to 2009, which reflects the level of sustainable growth enjoyed by the telecom segment prior to the technology bubble of the late 1990s.
Insight analysts predict that worldwide telecommunications industry services revenue will grow from $1.2 billion in 2004 to $1.8 billion in 2009, bringing an end to the industry slump. The study examines the underlying reasons for the recent slump, and highlights rapidly growing industry segments such as VoIP, WiFi and streaming media, technological innovations in fiber optics, DWDM, and WDM. The market report also looks at the implications for profitability and sustained growth for carriers and equipment vendors in light of recent primary line losses to cable telephony providers and wireless carriers.
"The malaise of the past few years is finally beginning to dissipate, and while we see a return to historic levels of growth industry-wide, we anticipate that growth will be uneven across various geographic regions and product types," reports Insight Research president Robert Rosenberg. "Asia-Pacific and Latin-America Caribbean are forecasted to enjoy the fastest overall broadband growth while North America and Europe lag. Wireless communications will continue to displace wireline communications for voice calling--and as the number of wireless 2.5G and 3G data services increases, wireless will continue to squeeze traditional land line calling," he adds.
For more information about the report, "2004 Telecom Industry Review: An Anthology of Market Facts and Forecasts," visit the company's Web site at www.insight-corp.com.