Long Term Outlook Bright for Worldwide Telecommunications Industry Despite Current Economic Turmoil, says Insight Research Corp

02.12.2008
BOONTON, N.J., Dec. 2 (SEND2PRESS NEWSWIRE) -- 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.

 Related news

06.01.2010 Worldwide Telecommunications Industry Growing at Double Digit Rate Despite Current Economic Turmoil, Says Insight Research Corp. BOONTON, N.J., Jan. 6 (SEND2PRESS NEWSWIRE) -- Despite the unsteady state of the global financial markets, the worldwide telecommunications industry is expected to continue expanding over the next...

03.02.2011 Worldwide Telecommunications Industry Revenue to Top $25.6 Trillion Over Five Years, says Insight Research MOUNTAIN LAKES, N.J., Feb. 3 (SEND2PRESS NEWSWIRE) -- Despite the unsteady state of the domestic US economy, the worldwide telecommunications industry is expected to continue expanding over the...

22.10.2008 Telecommunications Future Remains Bright Despite Potential Threats to Network Integrity, Says Insight Research Corporation BOONTON, N.J., Oct. 22 (SEND2PRESS NEWSWIRE) -- Despite perturbations in global financial markets, worldwide telecommunication industry revenues are predicted to continue growing at a healthy eight...

23.06.2008 The Telecommunications Industry Stands to Make $1 Trillion over Five Years Promoting Environmental Improvements, says Insight Research BOONTON, N.J., June 23 (SEND2PRESS NEWSWIRE) -- Carriers and other providers in the global ICT (information and communications technology) industry can bring to bear an expansive array of...

29.05.2008 Healthcare Industry Spending on Telecommunications Services Hits $55 Billion Over Next Five Years, says Insight Research BOONTON, N.J., May 29 (SEND2PRESS NEWSWIRE) -- The hospitals, physicians, pharmaceutical companies, and insurance providers that make up the $2.3 trillion US healthcare system will be spending $55...