Irving, texas (PRWEB) August 27, 2012
Increased demand for high speed internet access and bandwidth in an untapped emerging market were the major drivers for the growth of the industry. The telecommunication services industry experienced good growth during the last five years and is expected to continue its growth momentum, reaching approximately US$1,776.7billion in 2017 with a CAGR of 3.8% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global telecommunication services industry and presents its findings in “Global Telecommunication Services Industry2012-2017:Trend, Profit and Forecast Analysis.”
The global telecommunication services industry is expected to witness good growth as an increase in demand of social portals such as Facebook and Yahoo are expected to boost mobile VoIP applications for increased usage of wireless services through smartphones. High demand of network technologies such as HSPA/LTE would provide capacity, speed, and cost efficiency and enable mobile broadband development.Companies driven by innovations in technologies are expected to gain market share globally. Wireless and broadband are attractive growth avenues in the forecasted period.
Lucintel’s research indicates that after the US credit crunch and increased subprime lending in 2009, the global economy rebounded in 2011 due to increased disposable income and spending growth in advanced technologies, industry push by government stimulus packages, and foreign direct investment boosted the industry growth.
Increasing disposable income, demand for high volumes of data application, increasing demand of 3G, edge, and 4G technologies, convergence of services, and competition for access in homes and businesses are the major drivers for the industry.The industry is expected to face certain challenges such as increased regulatory compliance, rapid deployment of new service bundles, high customer demand for innovative products and services, customer acquisition and retention, and increased network traffic.
This study provides an overview of the global telecommunication services industry.The report tracks one market segment for four geographic regions: thus, it tracks four segments of the industry.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.