In the first quarter of 2014, the overall worldwide mobile service provider revenue increased by just 0.58 percent year-on-year (YoY) to $264 billion, according to the latest global market study by ABI Research. The aggregate service revenue for 2014 will grow 2.9 percent YoY to $1.01 trillion, mainly driven by the robust growth of the mobile Internet market. Proliferating mobile data subscriptions and enhanced network capacity will drive global mobile Internet service revenue to $456.7 billion by 2019 -- that's 44.7 percent of total mobile service revenue. That being said, despite global service revenue growth, the Western European market is shrinking do to aggressive competition and lower proces -- 1Q 2014 service revenue declined by 5.2 percent YoY. "Facing continued price pressure driven by the competitive mobile market, mobile carriers have had to take on higher subscriber retention and acquisition costs to support their market positions. This has affected profita...
TMT Market Research and Analysis