Global Telecom

Global Telecom Revenue: $2 Trillion

Posted by Sam Churchill on September 17th, 2008

Global telecom revenue will reach $2 trillion by the end of 2008, an increase of 7.6% over telecom revenue in 2007, research firm Gartner projects.

• One of the biggest drivers for telecom growth in 2008 has been the expansion of the Asian telecom market, which Gartner says will surpass the North American market in total revenues for the first time in 2008.
• In total, the Asian telecom revenues will grow by 8% to $513 billion this year, just barely surpassing North American telecom revenues, which are projected to grow by 4.5% and to total $511.6 billion.
• Gartner expects the Middle East and Africa to be the fastest-growing regions for telecom revenues over the next four years, with a compound annual growth rate of 8.6% projected between 2007 and 2012.

Gartner projects that mobile services will continue to eclipse fixed-line services and that a strong increase in mobile data services and fixed-mobile convergence services will increase customers’ need to invest in new telecom equipment. Specifically, Gartner says that the ratio of mobile connections to fixed connections will exceed 4-to-1 by 2012 and that revenue from mobile telecom services will top $1 trillion by 2010.

source : dailywireless.org