Worldwide Telecom Industry Growing Ten Percent Annually, Revenues Expected to Reach $2.7 Trillion by 2013, says Insight Research Corp.

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BOONTON, N.J. - Nov. 14 (SEND2PRESS NEWSWIRE) -- Global telecommunications industry services revenue will reach $1.7 trillion by the close of 2008, 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, 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.

Caption: Insight ResearchWireless makes the strongest showing across all sectors while wire line 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 wire line broadband services grow at under 10 percent over the same forecast horizon.

"The 2008 Industry Review, an Anthology of Market Facts and Forecasts" 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 (FMC), 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, FMC, 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 study highlights the use of outsourcing by carriers as a major factor in the return to profitability.

"The telecommunications industry is growing, and broadband networking that will be deployed to facilitate new service offers is leading the way," says Insight president Robert Rosenberg.

An excerpt, table of contents, and ordering information for this market research study of the global telecommunications industry are available online at

This 299 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.

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REFERENCES: Insight Research Corp, global telecommunications market, Insight Research Corp, Corporation, The 2008 Industry Review, an Anthology of Market Facts and Forecasts, Global telecommunications industry services revenue, Robert Rosenberg, market research study, telecom study, New Jersey, news, press release from Insight Research Corporation, Nov 14, 2007, Reports and Studies, , , , , Worldwide Telecom Industry Growing Ten Percent Annually, Revenues Expected to Reach $2.7 Trillion by 2013, says Insight Research Corp.