Worldwide Telecom Services Market to Touch $1.4 Trillion by 2014
Worldwide telecom services market revenue declined by 0.2 percent in 2009 to $1,217.8 billion. In 2014, the global telecom services market revenue is likely to reach $1,383.2 billion, registering an increase of 13.6 percent since 2009, according to MarketResearch.com.
These findings are part of Datamonitor’s new report “Telecommunication Services: Global Industry Guide” which is added to MarketResearch’s collection of Telecommunications market reports.
The global telecommunication services market grew by 8 percent in 2009 to reach a volume of 3.9 billion subscribers. This is significant as the 2009-10 period experienced slowdown across the globe, the research agency said.
In 2014, the global telecommunication services market is forecast to have a volume of 4.9 billion subscribers, an increase of 25.1 percent since 2009, according to MarketResearch.com.
Mobile will be the focus area for the telecom segment. Wireless is the largest segment of the global telecommunication services market, accounting for 56.6 percent of the market's total value. America, which is recovering from recession, accounts for 34.3 percent of the global telecommunication services market value.
The telecom services market consists of fixed line telecoms market and wireless telecommunication services market. The fixed-line telecom market is valued as the revenues obtained by operators for voice telephony and other non-voice information transmission using fixed lines, rather than wireless systems.
The market value is composed of revenues from end-users for subscription and usage, with revenues from other operators, as in wholesale transactions, excluded. Revenues from wired Internet services and value-added services are included.
A recent research from Frost & Sullivan finds that operators are offering flat-rate plans and other provisions at lower prices to attract customers and augment market share in terms of number of customers. At the same time, with the increase in the use of data services, telecom companies are offering better services to boost data ARPU.
Rajani Baburajan is a contributing editor for business-voip. To read more of Rajani's articles, please visit her columnist page.
Edited by Jennifer Russell