A new study by Informa Telecoms and Media is projecting a more than 45 percent increase in mobile subscribers in the Caribbean between 2004 and 2009. The report shows a steady growth in this market predicating from 10.1 million by end of 2004 to 14.7 million by 2009. The study provides a comprehensive view of how the mobile revolution is reaching out to over 40 million inhabitants of the 31 political entities that make up the insular and mainland Caribbean. It shows how successive waves of market opening and investment are transforming the region�s communications landscape, one historically marked by insularity and a limited and costly telephone communications framework. Vibrant competition is emerging where government-sanctioned monopolies reigned just a few years ago. Penetration has climbed precipitously, even surpassing 100 percent on more affluent islands. In just a decade, mobile telephony has exploded from serving less than one-half of one percent of the region�s population to now providing service to over 25 percent of the residents � over 10 million subscribers. Even so, another 30 million still await the opportunity to link up.
Across the globe, CEOs and their leadership teams continue to seek information and guidance about planned Digital Transformation initiatives and the most effective enterprise organization change management practices. Worldwide IT and Business Services revenue will grow from $1.13 trillion in 2022 to $1.2 trillion in 2023 -- that's a 5.7 percent year-over-year growth, according to the latest market study by International Data Corporation (IDC). The mid-term to long-term outlook for the market has also increased -- the five-year CAGR is forecast at 5.2 percent, compared to the previous 4.9 percent. Digital Sevices & Consulting Market Development IDC has raised the growth projection despite a weak economic outlook, because of vendor performances across 2022, growth indicators from adjacent markets, increased government funding, and inflation impacts. The actual 2022 market growth was 6.7 percent (in constant currency), which was 87 basis points higher than forecast last year, alth