Escalating Demand for Wireless Services to Drive Telecom Services Market, According to a New Report by Global Industry Analysts

Share Article

Rising demand for wireless and support services, including telephony, high-speed Internet access, unified communications, data and voice transmission, are expected to fuel robust growth in the telecom services industry. Liberalization of telecom services is anticipated to increase competition, and offer a host of benefits including new and improved products, lower prices, and additional investments.

Telecom Services: A Global Outlook

Growing significance of the need to access right information at the right time has brought to fore the importance of telecommunication services in various organizations and industries. Worldwide telecom services market is anticipated to grow rapidly, driven by sustained growth in North America and Western Europe, along with stupendous performance in emerging regions such as Asia. Long-term growth in the telecom services market would be driven by rising adoption of wireless data services and introduction of mobile e-commerce technologies.

Mobile communication industry benefited from the transition of voice-oriented 2G networks to a more advanced data-centric 3G networks. With the introduction of 2.5G and 3G networks, mobile communications industry has broadened its horizon by facilitating broadband and Internet access to mobile users. Mobile messaging services market is set to boost prospects in the telecom services industry, driven by the consistent rise in the number of new and innovative applications. The sector has evolved from the earlier standard text-based messaging to the more sophisticated multimedia-based, real time wireless instant messaging. Such technological advancements have prompted operators to offer value-added packages to customers with integrated picture, text, video and voice features, as part of their efforts to enhance return on investment. Increasing popularity of SMS and desktop instant messaging has opened the door for Wireless Instant Messaging (WIM), which incorporates features for improved performance and greater geographical coverage for customers.

With mobile messaging becoming the future of mobile data services, conventional short messaging services (SMS) are poised to enter a new development phase with the move towards richer messaging services (EMS and MMS), along with value-added applications such as advertising, information services, and gaming, among others. Apart from offering new source of revenues for mobile operators, these valued added services facilitate users to customize messages with features such as animations, sounds, and pictures.

Worldwide market for broadband fixed wireless access (BFWA) services is anticipated to grow rapidly among rural and urban operators. Though Fixed Wireless Access (FWA) was launched as an economical way to facilitate voice services in the rural areas, its scope has widened considerably. BFWA's ability to deliver rapid Internet access to remote areas that are not reachable by cable and xDSL operators is a major driving force, and is hence considered ideal for developing countries with inadequate wireless infrastructure. On the other hand, use of FWA is expanding rapidly owing to the vendors' offer of reliable and cost-effective voice service solutions along with data capabilities. Several wireline technology operators are utilizing FWA technologies to offer services to users in areas, wherein services are constrained by geographic and economic factors.

The report, titled "Telecom Services: A Global Outlook", provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird's eye view of the structure of the global Telecommunications Industry, and provides special primers on mobile communication, the wireless era, the opportunities boded by the liberalization of telecommunication services. The discussion on the global market is illustrated with 13 fact, and data rich tables, which measure select service/network technology categories by various parameters. The US market is quantitatively analyzed with 17 information rich tables designed to provide the reader a statistical insight into the market. Other regional markets synopsized and researched include Canada, Mexico, Japan, and Belgium, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 367 companies worldwide.

For more details about this research report, please visit http://www.strategyr.com/Telecom_Services_Industry_Market_Report.asp.

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website