Struggling Telecom Industry Finally has Reasons for Optimism, According to IDC
FRAMINGHAM, MA – NOVEMBER 12, 2002 – Despite recent troubles plaguing the telecommunications industry, including bankruptcies, plummeting valuations, and deep cuts in capital expenditures, there is finally some light at the end of the tunnel. According to findings from IDC's newly launched research service, Worldwide Telecom Black Book, worldwide spending on telecommunications services will exceed $1.2 trillion in 2003.
Spurred by newly expanded worldwide wireless services, increased data traffic, and broadband service penetration, the dismal atmosphere created by over capacity, saturation, and slumping economies is giving way to real optimism in the telecommunications industry.
"The telecom market is ready to rebound and an important component for recovery is next-generation technologies," Says IDC's Mark Winther, "Advancements in mobile and wireless solutions, IP telephony, and broadband will drive revenues to a whole new level."
By 2006, worldwide telecommunication revenues will be split $892 billion (voice) and $308 billion (data)
Worldwide wireless telecommunications revenues will climb from $351billion in 2002 to $542 billion in 2006
The United States accounts for 36% of telecommunications services worldwide, followed by Asia/Pacific at 28%
IP telephony service revenues will grow at a CAGR of 50% from 2002 to 2007
IDC's Worldwide Telecom Black Book service presents a consolidated view of market size and growth opportunities for network equipment vendors and network service providers in national and global telecommunications markets. It provides a comprehensive view of spending on voice and data services, fixed and mobile network operator revenue, network operator infrastructure spending, and enterprise and consumer spending on network equipment.
For more information on the Worldwide Telecom Black Book, contact Mark Winther at 212-696-8065 or firstname.lastname@example.org.
IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in- depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at www.idc.com.
IDC is a division of IDG, the world's leading IT media, research and exposition company.
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