Industry Analysis & Industry Trends
Over the past five years, wireless communications have become essential to the day-to-day lives of the majority of the world's consumers, resulting in a surge in demand. The overwhelming majority of new wireless subscriptions over the period have emanated from emerging markets, particularly those of India, China and Africa. In contrast, markets in developed economies have reached saturation, preventing wireless carriers in these markets from achieving the subscriber growth rates of their counterparts in emerging economies and instead leading them to focus on increasing per-user revenue. Industry growth is expected to continue in the next five years as carriers complete fourth-generation network rollouts and benefit from booming demand for data services... read more
The Global Wireless Telecommunications Carriers industry has grown rapidly over the past five years. The number of wireless applications has increased considerably, making the cell phone an even more important personal and business tool. This increasing utility has propelled demand for wireless services in developed economies, while growing disposable incomes and greater accessibility to wireless services, such as voice and short message service, have boosted demand from emerging economies. Meanwhile, the price-eroding effects of increased competition have facilitated growing demand for industry services in both markets. As a result, industry revenue is expected to expand over the five years to 2016, growing an annualized 4.3% to $1.7 trillion.
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