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Worldwide Telecom Industry Growth Expected in 2006
[December 17, 2005]

Worldwide Telecom Industry Growth Expected in 2006


TMCnet VoIP Minute Watch Columnist
               
According to a new study titled The 2006 Telecom Industry Review: An Anthology of Market Facts and Forecasts and conducted by research firm Insight Research, the global telecom industry revenue will reach $1.2 trillion by the end of next year, with continued strong growth in wireless communications leading the way.


 
The study also revealed that revenue will approach almost forty-nine percent of all telecom services revenue by the end of next year and is expected to increase to a whopping 55.6 percent of all telecom industry revenue by 2010. In fact, over 1.8 billion subscribers worldwide are expected to depend on mobile wireless telephones by the beginning of next year.

 
As stated in the study, worldwide telecommunications services revenue is expected to grow at a compounded annual rate of 5.9 percent from 2005 through 2010, which reflects the level of sustainable growth enjoyed by the telecom segment prior to the technology bubble of the late 1990s. While the first part of the decade was brutal for the telecommunications industry, the study predicts that worldwide telecom industry services revenue will grow from $1.2 trillion in 2006 to almost $1.6 trillion in 2010, bringing an end to the industry slump.
 
The study highlights rapidly growing industry segments such as VoIP, WiFi, fixed-mobile convergence, IMS, and streaming media, as well as technological innovations such as grid computing and DWDM and WDM in fiber optics. The market report also examines changes in telecom purchasing patterns amongst enterprises that obtain 800-number, private line, and wavelength services and IP PBXs and IP Centrex.
 
"The malaise of the past few years is finally beginning to dissipate, and while we see an industry-wide return to historic levels of growth, we anticipate that growth will be uneven across various geographic regions and product types," says 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 landline calling."
 
Insight Research
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Johanne Torres is contributing editor for TMCnet and Internet Telephony magazine. To see more articles by Johanne Torres, please visit Johanne Torres' columnist page.
 

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