Posted on Thursday, August 24th, 2006 at 4:22 pm
Overall spending on telecommunications in the five regions covered in the report - Canada, Western Europe, Eastern Europe, Latin America and Asia/Pacific - will grow at an estimated 10.6% compound annual growth rate (CAGR).
The number of wireless subscribers is growing faster than the number of landlines in each region and is expected to reach 1.9 billion in 2008, outnumbering landline subscribers by 69.1%. As wireless penetration grows, the average penetration rate for all regions is expected to reach 44% by 2008.
As the migration to wireless, voice over Internet protocol (VoIP) and cable telephony continues, the landline market will increase from $391 billion in 2004 to $422 billion in 2008, averaging only a 1.9% CAGR.
International wireless revenue will expand at an 11.6% CAGR from 2005-08, reaching $466 billion in 2008.
