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Market to Reach US $1,104 Billion in 2017

Lucintel Outlines Moderate Growth in Global Wireless Telecommunication Services Industry: Market to Reach US $1,104 Billion in 2017

Although the global wireless telecommunication services industry is expected to maintain or rather modest growth in 2012, overall market revenue is forecast to reach an estimated US $1,104 billion in 2017 with a CAGR of 5% over the then five years.

The wireless telecommunications services market includes mobile phones, pagers, and other wireless telecommunication device support.The industry is relatively consolidated in terms of key players, suppliers, and buyers. Europe dominates this market. China Mobile Ltd. and Vodafone Group plc are the two dominant global players in this competitive industry. Competition rivalry is high due to a large number of operators that compete on price and services. The threat of substitute is moderate due to use of VoIP (Voice over Internet Protocol) services. A combination of factors just as governmental regulations, the large number of subscribers, customer churn rates, and revenue per user significantly impacts industry dynamics.

Regulatory compliance, licensing requirements, global competitiveness, high debt, and abundant alternatives to clients at a minimal cost are some of the challenges facing the industry. Consistent expansion in mobile communication options and increased demand for smartphones and tablets is expected to drive the market. Increased broadband services and wireless penetration are expected to drive growth in the APAC region and spending in emerging economies just as Latin America, Brazil, and South Africa.

Lucintel's report is a cost-effective tool that presents an overview of the global wireless telecommunication services market. The report tracks one market segment for four regions, North America, Europe, APAC, and Rest of World; in doing so, it tracks four segments of the global wireless telecommunication services market.The report is limited to wireless telecommunication services including mobile devices, pagers, 2G/3G/4G services including cellular voice services.

More information: Benzinga