Posted on Friday, May 30th, 2008 at 12:39 pm
Global mobile market revenues to top US$1 trillion in 2012, says Ovum
DigiTimes
Analyst and consulting firm Ovum has recently published its latest forecasts for the mobile market, which highlight the changing nature of the world’s wireless markets. “Connections are expected to reach 4.99 billion by 2012, with revenues growing to US$1.019 trillion,” said Steven Hartley, Ovum Senior Analyst.
Today, emerging markets are the engine of connection growth in the mobile market and the next four years will see that trend continue. “In particular, China and India will be the two single largest markets on the planet by 2012, accounting for 31% of the world’s mobile connections,” said Hartley. Ovum forecasts penetration to reach 64% in China and 55% in India by 2012, meaning there will still be growth left in the market.
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