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Report: Telecom Industry Expected to Continue Expansion

Published: 08 December 2008
 by Staff
BOONTON, NJ – The worldwide telecommunications industry is expected to continue expanding during the next five years, as continuing growth of wireless services in emerging markets offsets the spending slowdown in the advanced economies, says Insight Research Corp.
 
Overall telecommunications services revenues are expected to grow at a compounded rate of nearly 10.3% during the next few years, reaching $2.7 trillion by 2013, says the firm.
 
“Wireless makes the strongest showing, while wireline follows a distant second. Nearly all of the growth in both sectors is expected to occur in broadband services, with wireless broadband service revenues expected to grow at a compounded rate of more than 70% over the forecast period, while wireline broadband services grow at under 10% over the same forecast horizon,” said president Robert Rosenberg.
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