Worldwide Telecom Industry Growth Expected In 2005.

The global telecommunications industry showed modest growth in 2004, and the growth of its revenue is expected to continue into 2005, says a new market analysis report from Insight Research. According to the study, worldwide telecommunications services revenue is expected to grow at a compounded annual rate of 5.9 percent from 2005 to 2010, which reflects the level of sustainable growth enjoyed by the telecom segment prior to the technology bubble of the late 1990s.

While the past few years were brutal for the telecommunications industry, The 2005 Telecom Industry Review: An Anthology of Market Facts and Forecasts predicts that worldwide telecommunications industry services revenue will grow from $1.1 trillion in 2005 to $1.5 trillion in 2010, bringing an end to the industry slump. The study notes that telecommunications revenue will be uneven, with North America showing the lowest and Asia-Pacific the highest rate of revenue growth. The study highlights rapidly growing industry segments such as VoIP, WiFi and streaming media, technological innovations in fiber optics, DWDM and WDM. The market report also looks at changes in telecommunications buying patterns among enterprises that purchase 800 number services, IP PBXs and IP Centrex, and private lines.

“The malaise of the past few years is finally beginning to dissipate, and while we see a return to historic levels of growth industry-wide, we anticipate that growth will be uneven across various geographic regions and product types,” says Insight Research president Robert Rosenberg. “Asia-Pacific and Latin-America Caribbean are forecasted to enjoy the fastest overall broadband growth while North America and Europe lag. Wireless communications will continue to displace wireline communications for voice calling—and as the number of wireless 2.5G and 3G data services increases, wireless will continue to squeeze traditional land line calling,” Rosenberg concluded.

For more information at http://www.insight-corp.com