Global telco industry to rake in $2.1 trillion in revenue in 2012

Global telco industry to rake in $2.1 trillion in revenue in 2012
The global telecommunications industry has grown huge in recent years, but in 2012 it’s expected to grow massive aggregating $2.1 trillion in revenue. In spite of poor global economic weather the mobile industry will continue its steady growth at a pace of 5.3% annual average. This will bring it to revenues of around $2.7 trillion in 2017.

One of the biggest drivers of the growth is expected to be the huge Asian market where growth could reach 64%. An important additional factor in the expansion of the industry is the transition to 4G networks.

“Even amidst so much economic uncertainty, the fact remains that telecommunications is a key factor in economic growth. Telecommunications facilitates socio-economic advancement and is a critical utility for economic development, much like water and energy,” Insight Research analyst Fran Caulfield said.

source: Insight Research via BGR

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2 Comments

1. arcq12

Posts: 733; Member since: Oct 13, 2011

in Asia, prices are going down while services and phones are getting better.. how bout in the US? lol

2. bbblader

Posts: 590; Member since: Oct 24, 2011

2.1 trillion? we normal people get hardly 10 Thousand a year and those people are talking about trillion?

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