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Long Term Outlook Bright for Worldwide Telecommunications Industry Despite
Current Economic Turmoil, Says Insight Research Corp.
press
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BOONTON, NJ.
December 2, 2008:
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Recent
Reports
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Despite the unsteady state of
the global financial markets, the worldwide telecommunications industry is
expected to continue expanding over the next five years as continuing growth of
wireless services in emerging markets offsets the spending slowdown in the
advanced economies, says a new market analysis report from The Insight
Research Corporation. According to the new industry market study, overall
telecommunications services revenues are expected to grow at a compounded rate
of nearly 10.3 percent over the next few years, reaching $2.7 trillion by 2013.
“The 2009
Telecommunications Industry Review: An Anthology of Market Facts and Forecasts”
notes that 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 percent over the forecast period, while
wireline broadband services grow at under 10 percent over the same forecast
horizon.
“The 2009
Telecommunications Industry Review: An Anthology of Market Facts and Forecasts”
states that even amidst so much economic uncertainty the fact remains that
telecommunications is a key input factor in economic growth. Telecommunications
is a facilitator of socio-economic advancement and is a critical utility for
economic development, much like water and energy. It is on the basis of
telecommunications as a lynchpin in the eventual economic recovery that
Insight Research projects continued
carrier revenue growth.
“The worldwide economy is in
turmoil, there is no doubt about that, but over the long haul we expect the
telecommunications industry to continue growing,” says Insight
president Robert Rosenberg. “Telecom is as necessary to development as roads and
bridges, so we expect it to fare much better than other economic segments that
may take longer to return to normalcy,” Rosenberg concluded.
An excerpt, table of contents,
and ordering information for this market research study of the global
telecommunications industry are available online at
www.insight-corp.com/reports/review09.asp. This 301 page report is available
immediately for $1,195(hard copy). Electronic (PDF) reports can also be ordered
online. Visit our Website, or call 973-541-9600 for details.
For more information please
contact:
Ms. Kim Novak, Marketing Director
973-541-9600
kim@insight-corp.com |
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Location Based
Services, 2008-2013 |
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The Future
of Telecom, 2008-2013 |
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Private Line, 2008-2013 |
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Content Management, 2008-2013 |
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Telecom
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