Global telecoms services revenue to slow
Due to a grim economic outlook and substantial currency fluctuations, the telecoms services market will generate $1.4 trillion in 2009, posting only 1% year-on-year growth compared with the 10% to 11% annual growth rates of previous years, according to Pyramid Research’s Global Telecom Services Revenue Forecast 2008-2013.
The market should recover in 2010 however, driven by factors such as increased availability of multiplay bundles, versatile and competitively-priced devices, with emerging markets providing much-needed dynamism.
The report indicates that emerging markets will remain dynamic throughout the forecast period. Global mobile penetration now lies at 60%, a figure Pyramid forecast will climb to 84% by 2013, led by growth in India and China. These two markets will together add 829 million mobile subscriptions from 2009 to 2013, 44% of the world’s total net additions during that period.