Skip to main content

Telecommunications Industry Global Outlook

Service revenues in the global telecommunications industry will reach $1.3 trillion by the close of 2007, with continued strong growth in wireless leading the way, says a new market analysis report from The Insight Research Corporation.

According to the new industry market study, wireless service revenues are expected to grow at a compounded rate of nearly 10 percent over the next few years, while wireline service revenues grow much more modestly at two percent.

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 60 percent over the forecast period, while wireline services grow at 10 percent over the same forecast horizon.

Insight's report states that in the growth environment set off by the rush to meet subscriber demand for broadband services, service providers are trying to create viable business models 'on the fly' in order to deliver new types of IP-based services, including Residential Video Telephony, Fixed Mobile Convergence, File Sharing/Downloading Services, Audio/Video Streaming Services, Location-Based Services, and Presence-Based Services.

The study highlights rapidly growing industry segments such as VoIP, WiFi and WiMax, fixed-mobile convergence, IMS, IPTV and streaming media, as well as technological innovations such as grid computing and DWDM and WDM in fiber optics. The report also looks at changes in telecommunications buying patterns among enterprises that purchase managed services as well as other communications services.

"The telecom industry has fully recovered from the malaise of the past few years and is again in a growth mode as it ramps up to build the broadband networks that will provide new service types," says Insight Research president Robert Rosenberg. "But even with the build-outs going full steam ahead, the overall revenue contribution from these new IP services is expected to be modest. Voice still rules, and will for some time to come," Rosenberg concluded.

Popular posts from this blog

Worldwide Contactless Payments will Exceed $1 Trillion

There's a huge upside opportunity for digital payment innovation in America. As of December 2017, Juniper Research estimates that only 9 percent of the total payment cards in circulation within the U.S. market was contactless-enabled -- this translates into just over 100 million cards. While this is a significant installed base -- around 13 percent of total chip cards issued in the U.S. market -- Juniper estimates that only 5.5 percent of the cards were actually used to make contactless offline point-of-sale purchases in 2017. This translates into about 6 million contactless cards used for payments. That's relatively low in comparison with more advanced markets such as Canada (60 million) and the UK (108 million). Contactless Payment Market Development Juniper Research forecasts that driven by payment cards and mobile wallets, in-store contactless payments will reach $2 trillion by 2020 -- that represents 15 percent of the total point of sale transactions. Furthermore

Digital Identity Verification Market to Reach $16.7B

As more enterprise organizations embrace the ongoing transition to digital business transformation, CIOs and CTOs are adopting new technologies that enable the secure identification of individuals within their key stakeholder communities. A "digital identity" is a unique representation of a person. It enables individuals to prove their physical identity during transactions. Moreover, a digital identity is a set of validated digital attributes and credentials for online interactions -- similar to a person's identity within the physical world. Individuals can use a 'digital ID' to be verified through an authorized digital channel. Usually issued or regulated by a national ID scheme, a digital identity serves to identify a unique person online or offline. Digital Identity Systems Market Development Complementary to more traditional forms of identification, digital identity verification systems can enhance the authenticity, security, confidentiality, and efficiency of

Software-Defined Infrastructure: The Platform of Choice

As more organizations adapt to a hybrid working model for their distributed workforce, enterprise CIOs and CTOs are tasked with delivering new productivity-enabling applications, while also seeking ways to effectively reduce IT cost, complexity, and risk. Traditional IT hardware infrastructure is evolving to more software-based solutions. The worldwide software-defined infrastructure (SDI) combined software market reached $12.17 billion during 2020 -- that's an increase of 5 percent over 2019, according to the latest market study by International Data Corporation (IDC). The market grew faster than other core IT technologies. The three technology pillars within the SDI market are: software-defined compute (53 percent of market value), software-defined storage controller (36 percent), and software-defined networking (11 percent). "Software-defined infrastructure solutions have long been popular for companies looking to eliminate cost, complexity, and risk within their data cente