DURANGO, Colo., March 10, 2015 (SEND2PRESS NEWSWIRE) — Insight Research projects that telecommunications services revenue worldwide will grow from $2.2 trillion in 2015 to $2.4 trillion in 2019. Insight’s newly-released market analysis report, “The 2015 Telecommunications Industry Review: An Anthology of Market Facts and Forecasts” includes regional and service forecasts, assessment of key growth drivers, analysis of industry trends, network infrastructure and access technologies, future services, OSS/BSS and capex spending, and enterprise telecom markets.
Wireless subscriber growth compounded with rising smartphone and tablet traffic will raise global wireless revenues by 19 percent from current levels; while wireline revenues will rise only four percent as voice calls decline and users switch to mobile solutions.
“The path to sustained growth will be bumpy, fluctuating around a modest underlying rate for the next few years. The upturn in the major non-Organization for Economic Cooperation and Development (OECD) countries – the US, European Union (EU), Japan, and 27 other developed countries-especially in Asia and particularly in China, is now a well-established source of strength for the global economy,” says Bob Rosenberg, President of Insight Research.
“Consumer demand for the latest wireless devices and greater access bandwidth remains a key driver of telecommunications services growth, and the shift to Cloud-based solutions is starting to put new demands on network utilization,” Rosenberg concluded.
An excerpt of this market research report, table of contents, and ordering information are online at http://insight-corp.com/reports/review15.asp.
The report is available immediately in electronic format (PDF) and can be ordered online. Visit our website at http://www.insight-corp.com/ or call 973-541-9600 for details.
Download the Executive Summary at: http://goo.gl/l8wofE.
News issued by: Insight Research Corporation
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Original Story ID: 2015-0310-002 (10046) :: worldwide-telecommunications-industry-revenue-to-hit-2-4-trillion-in-2020-says-insight-research-2015-0310-002
Original Keywords: The 2015 Telecommunications Industry Review: An Anthology of Market Facts and Forecasts, Bob Rosenberg, assessment of key growth drivers, analysis of industry trends, network infrastructure and access technologies, future services Insight Research Corporation Durango Colorado DURANGO, Colo.
Alternate Headline: Worldwide Telecom Industry Revenue to hit $2 Trillion by 2020, says Insight Research Corp.
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News Source: Insight Research Corporation