Wireless Telecom Markets Growing fast
2007 Market Review and Forecast by Telecommunication Industry Association Reports Huge Wireless Growth, Predicts 87% Penetration in United States by 2010.
Entertainment is driving the wireless market through demands for broadband applications such as multimedia and data services, with wireless use expected to rise to 270 million people, or 87 percent of the U.S. population, by 2010, according to TIA’s 2007 Telecommunications Market Review and Forecast.
Wireless service providers in the United States are upgrading their networks to offer bundled and high-speed services such as music, video games, television, children’s applications, instant messaging and Internet applications. The market consists of transport services, handsets, capital expenditures, test and infrastructure equipment and professional services in support of wireless infrastructure – all of which totaled $190 billion in 2006, projected to reach $267 billion in 2010. Outside the United States, wireless transport services alone totaled $560 billion last year and are projected to total $887 billion in 2010, according to TIA’s report.
“Consumer demand for wireless services is unprecedented throughout the world, and carriers as well as manufacturers are scrambling to satisfy the marketplace needs,” said TIA President Grant E. Seiffert. “Wireless, broadband and television are becoming key elements of a bundled landline package that we predict 77 percent of residential customers will take by 2010, up from 28 percent in 2006,” he added.
Entertainment is driving the wireless market through demands for broadband applications such as multimedia and data services, with wireless use expected to rise to 270 million people, or 87 percent of the U.S. population, by 2010, according to TIA’s 2007 Telecommunications Market Review and Forecast.
Wireless service providers in the United States are upgrading their networks to offer bundled and high-speed services such as music, video games, television, children’s applications, instant messaging and Internet applications. The market consists of transport services, handsets, capital expenditures, test and infrastructure equipment and professional services in support of wireless infrastructure – all of which totaled $190 billion in 2006, projected to reach $267 billion in 2010. Outside the United States, wireless transport services alone totaled $560 billion last year and are projected to total $887 billion in 2010, according to TIA’s report.
“Consumer demand for wireless services is unprecedented throughout the world, and carriers as well as manufacturers are scrambling to satisfy the marketplace needs,” said TIA President Grant E. Seiffert. “Wireless, broadband and television are becoming key elements of a bundled landline package that we predict 77 percent of residential customers will take by 2010, up from 28 percent in 2006,” he added.
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