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If you stop to think about it for a moment, the telecom industry has grown from one simple, hard-wired phone in a home to ubiquitous wireless devices that most everyone carries around with them; some, even more than one (Except Hillary, apparently).

So it should come as no surprise that new research show this market set to explode with growth over the next couple of years. According to a new report from Insight Research, telecom services revenue worldwide will grow from $2.2 trillion in 2015 to $2.4 trillion by 2019. Yes, that’s “trillion” with a “T”.

Insight’s “2015 Telecommunications Industry Review: An Anthology of Market Facts and Forecasts” includes regional and service forecasts, an assessment of key growth drivers, the analysis of industry trends, network infrastructure and access technologies, a look at future services, OSS/BSS and CapEx spending, and various enterprise telecom markets.

“The path to sustained growth will be bumpy, fluctuating around a modest underlying rate for the next few years,” said Bob Rosenberg, president of Insight Research, in a statement announcing the report’s availability. “The upturn in the major non-Organization for Economic Cooperation and Development (OECD) countries—the U.S., European Union, 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.”

Significantly, the report notes that 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.

“Consumer demand for the latest wireless devices and greater access bandwidth remains a key driver of telecommunications services growth,” Rosenberg noted. “The shift to Cloud-based solutions is starting to put new demands on network utilization.”

In short, telecom is huge and only getting bigger. Savvy IT managers would be wise to keep a close eye on this growth and update infrastructure as needed.