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.
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).