Skip to main content

Africa & Latin America Lead Mobile Upside

Pyramid Research released its Q3 2007 Mobile Demand and Mobile Data Forecasts for more than 90 markets globally.

Based on continued strong growth in emerging markets, they have raised their year-end 2007 expectation for mobile phone subscriptions from 3.26 billion in the Q2 2007 release of their forecast to 3.3 billion.

The result is a 1 percent increase in Pyramid's expectation for global mobile penetration at the end of 2007, from 50 percent previously to 51 percent in their Q3 2007 release.

Per their latest forecast release, they expect mobile phone operators to generate a combined $760 billion in 2007, up from $669 billion in 2006. Going forward, they expect global mobile penetration to top 69 percent in 2012, with 4.7 billion subscribers generating $1 trillion in service revenue for operators worldwide.

Between 2007 and 2012, the number of mobile phone subscriptions will increase from 3.3 billion to 4.7 billion, a compounded annual growth rate of 7.5 percent.

Africa and the Middle East as well as Asia will account for the biggest subscriber gains, while Western and Eastern Europe will see its share of the global subscriber base shrink.

By 2012, more than two-thirds of the world's population will have a mobile subscription, up from half in 2007 and only a third in 2005.

Of the twenty fastest-growing mobile phone markets in the world, all but three come from either Africa or Latin America.

Popular posts from this blog

Mobile Device Market Still Awaiting Recovery

The mobile devices market has experienced three years of unpredictable demand. The global pandemic, geopolitical pressures, supply chain issues, and macroeconomic headwinds have hindered the sector's consistent growth potential. This extremely challenging environment has dramatically affected both demand and supply chains. It has led to subsequent inflationary pressures, leading to a worsening global cost of living crisis suppressing growth and confidence in the sector. In tandem, mobile device industry stakeholders have become more cautious triggering market uncertainties. Mobile Device Market Development Operating under such a backdrop, the development of mobile device ecosystems and vendor landscapes have been impacted severely. Many of these market pressures persisted throughout 2022 and now into 2023, borne chiefly by the smartphone market. According to the latest worldwide market study by ABI Research, worldwide smartphone shipments in 2022 declined 9.6 percent Year-over-Year

Global Digital Business and IT Consulting Outlook

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

Digital Talent Demand Exceeds Supply in Asia-Pac

Even the savviest CEO's desire for a digital transformation advantage has to face the global market reality -- there simply isn't enough skilled and experienced talent available to meet demand. According to the latest market study by IDC, around 60-80 percent of Asia-Pacific (AP) organizations find it "difficult" or "extremely difficult" to fill many IT roles -- including cybersecurity, software development, and data insight professionals. Major consequences of the skills shortage are increased workload on remaining digital business and IT employees, increased security risks, and loss of "hard-to-replace" critical transformation knowledge. Digital Business Talent Market Development Although big tech companies' layoffs are making headlines, they are not representative of the overall global marketplace. Ongoing difficulty to fill key practitioner vacancies is still among the top issues faced by leaders across industries. "Skills are difficul