• Global Telecoms Revenue to Reach $2.2 Trillion in 2013

The global telecommunications industry was not immune to economic forces in 2012 that slowed growth from earlier predictions, according to a new market analysis report from Insight Research. Spending for wireline services contracted in 2012, while spending on wireless services grew modestly.

According to the new industry market study, telecommunications services revenue worldwide will grow from $2.2 trillion in 2012 to $2.7 trillion in 2018 at a combined average growth rate of 3.8 percent.

The report notes that wireless subscriber growth compounded with rising usage will raise wireless revenues by 31 percent from current levels, yet wireline revenues will remain flat until substantial economic recovery kicks in. Despite these modest gains, there are some sectors, such as Ethernet, Cloud, and Mobile Solutions, that will show double-digit annual percentage growth.