Despite recent troubles plaguing the telecommunications industry, including bankruptcies, plummeting valuations, and deep cuts in capital expenditures, there is finally some light at the end of the tunnel. IDC’s newly launched research service, Worldwide Telecom Black Book, says worldwide spending on telecommunications services will exceed $US1.2 trillion in 2003.
Spurred by newly expanded worldwide wireless services, increased data traffic, and broadband service penetration, the dismal atmosphere created by over capacity, saturation, and slumping economies is giving way to real optimism in the telecommunications industry.
“The telecom market is ready to rebound and an important component for recovery is next-generation technologies,” says IDC’s Mark Winther, “Advancements in mobile and wireless solutions, IP telephony, and broadband will drive revenues to a whole new level.”
· By 2006, worldwide telecommunication revenues will be split $US892 billion (voice) and $US308 billion (data)
· Worldwide wireless telecommunications revenues will climb from $US351 billion in 2002 to $US542 billion in 2006
· The United States accounts for 36% of telecommunications services worldwide, followed by Asia/Pacific at 28%
IP telephony service revenues will grow at a CAGR of 50% from 2002 to 2007
IDC’s Worldwide Telecom Black Book service presents a consolidated view of market size and growth opportunities for network equipment vendors and network service providers in national and global telecommunications markets. It provides a comprehensive view of spending on voice and data services, fixed and mobile network operator revenue, network operator infrastructure spending, and enterprise and consumer spending on network equipment.
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