Cellular Services now account for half of UK's 27bn Telecommunications Market.

In the year ending March 2003, the UK telecommunications market was worth 27.27bn and is expected to grow by 6.3% to reach 28.99bn in the year ending March 2004. Between 1998 and 2003, intense competition, price regulations and the struggle for market share between service providers have kept prices low and slowed the rate of market value growth.

(PRWEB) November 26, 2003 --Research and Markets announces the addition of the 2003 Telecommunications Market Report to its offerings.

In the year ending March 2003, the UK telecommunications market was worth 27.27bn and is expected to grow by 6.3% to reach 28.99bn in the year ending March 2004. Between 1998 and 2003, intense competition, price regulations and the struggle for market share between service providers have kept prices low and slowed the rate of market value growth.

There are two main types of telecommunications service, which are based on the method of delivery: the fixed-line sector, which relates to the revenue generated from calls and the rental of exchange and leased lines; and cellular telephony. An increasingly mobile society and falling charges have made the mobile telephone a viable alternative to a fixed-line handset in the UK and, in 2003, cellular services accounted for almost half the telecommunications market.

The structure of the telecommunications market is radically changing and the area of the market that relates to cellular services, which includes calls from fixed lines to cellular telephones, and data transfer, such as calls to Internet service providers (ISPs), virtual private networks (VPNs), leased-line charges, and text and picture messaging, is the fastest-growing market sector.

The telecommunications market is highly regulated and 2003 saw a radical change in the regulatory framework. The Office of Communications (Ofcom) assumed control of regulation and a new Communications Act, which sets the framework for legislation, was introduced.

Between 2003 and 2007, cellular and data services (especially Internet protocol [IP] networks) are expected to continue to grow at a much stronger rate than the rest of the telecommunications market. Market revenue is expected to show improved rates of growth compared with 2002 and 2003, which will reflect stable economic conditions in the UK.

The 2003 Telecommunications report analyes these issues and also incudes details such as size of the market, buying bahaviour and also provides a useful industry SWOT analsysis. Current issues are analysed and Future Forecasts are provided, enabling readers to gain an understanding of the state of the Betting and Gaming Industry and where it is headed. The structure and finacial results of the main players in the market are also discussed in a section dedicated to company profiles. The Global Market and its impact in domestic markets are also considered in this report.

For a complete index of this report click on http://www.researchandmarkets.com/reports/40804

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