Despite temporary sluggishness in some regions caused by the recession, communications services will grow robustly between now and 2013, TeleGeography says.
By the end of 2013 the number of broadband subscribers across the world will have grown by 72 percent to over 700 million, while wireless subscriptions will have grown by well over two billion, an increase of 60 percent, say analysts at TeleGeography.
Also, though the number of fixed voice lines will fall over the next five years, the decline will be gradual and will be offset by continued strong growth in both broadband and wireless customers, TeleGeography predicts.
In aggregate, TeleGeography predicts that by the end of 2013 there will be no fewer than 2.5 billion net new subscribers or revenue generating units, a cumulative average growth rate of nearly eight percent. In some markets it is net new subscribers that will drive growth, while in others it is the sale of more types of services.
The Asia-Pacific region will continue to dominate the global market in terms of subscriber numbers, but the story is very different when considering market value.
In 2013, the region’s 50 percent share of global subscribers will account for only 28 percent of global market value. Conversely, while the relative size and importance of the North American market continues to diminish, in 2013 its seven percent of subscribers will still account for 23 percent of global market value.
Gary Kim (News - Alert) is a contributing editor for TMCnet. To read more of Gary’s articles, please visit his columnist page.
Edited by Stefania Viscusi