Worldwide telecom revenues to hit $1.1 trillion this year
Global telecommunications services revenue is expected to grow at a 5.9% CAGR, reaching $1.1 trillion this year and hitting $1.5 trillion in 2010, bringing an end to the industry slump, according to a report from Insight Research (Boonton, NJ). The study notes that telecom revenue will be uneven across geographic regions and product types, with North America and Europe showing the lowest rates of growth and the Asia-Pacific and Latin American/Caribbean regions experiencing the highest.
The report highlights rapidly growing industry segments such as VoIP, WiFi, and streaming media as well as technological innovations in fiber optics, DWDM, and WDM. It also looks at changes in telecom buying patterns among enterprises that purchase 800-number services, IP PBXs and Centrex, and private lines.
For more information on the report, “The 2005 Telecom Industry Review: An Anthology of Market Facts and Forecasts,” visit www.insight-corp.com.