The telecommunications industry is set to rebound from a difficult period, driven by developments in next-generation technologies, according to IDC‘s new Worldwide Telecom Black Book.
The report says that despite recent troubles plaguing the telecoms industry (including bankruptcies, plummeting valuations, and deep cuts in capital expenditures), there is now some light at the end of the tunnel, with worldwide spending on telecommunications services set to exceed $1.2 trillion in 2006. These revenues will be slit $892 billion to voice and $308 billion to data services.
Wireless revenues will hit $542 billion by the same time, whilst IP telephony – telephone calls via the internet – will see compound annual revenue growth of 40% between 2002 and 2006.
IDC says that the newly-expanded worldwide wireless services, increased data traffic and broadband service penetration, are beginning to combat the “dismal atmosphere created by over capacity, saturation, and slumping economies”.
“The telecom market is ready to rebound and an important component for recovery is next-generation technologies,” says IDC’s Mark Winther. “Advancements in mobile and wireless solutions, IP telephony, and broadband will drive revenues to a whole new level.”
A new report from Screen Digest echoes these findings, claiming that broadband internet and IP telephony are set to bring some joy to cable operators (see European Cable Sector To Emerge From ‘Dark Days’, Says Screen Digest).
