Wireless communications spending in the US will continue to grow in 2002 reaching $116 billion according to the report 2002 Telecommunications Market Review and Forecast from the US Telecommunications Industry Association (TIA).
TIA further forecasts that spending on wireless services will reach $130 billion in 2005, reflecting a 15.6% compound annual growth rate for the 2001-2005 period.
“The wireless market is moving into a new phase of development as business users and consumers look to their wireless devices for high-speed Internet access. Emerging broadband applications, starting with 2.5G, will provide the breakthrough to propel the market to the next level, making wireless as robust an option for vital data communications as it has been for voice,” said TIA president Matthew Flanigan.