Despite a sluggish economy and little or no recruitment in many industries, the U.S. future revenue from telecommunications industry appear bright with a total expenditure of all U.S. companies in telecommunications services expected to show double-digit growth over the next five years, according to a new marketplace study from Insight Analysis. Vision estimates that all U.S. businesses spent 146 billion U.S. dollars for telecommunications services in late 2010 and spending on cable and cellular calls will grow to 269 billion U.S. dollars at the end of 2015, representing a compound annual growth rate (CAGR) of 13 percent the forecast period.
Insight recently published market study report, “Telecommunications Services in Vertical Markets, 2010-2015″ discovered that the economic cost for wireless cellular services and other is the creation of all growth. Whilst all enterprise spending U.S. for fixed telephony services is basically flat on the horizon of five years supplied, wireless costs are expected to grow at a compound rate of 23.5 percent in the period 2010-2015.
Invest in the most on mobile services will come from four marketplace segments: construction, financing, insurance and real estate, enterprise services and transportation professionals. The study analyzes 14 vertical industries categorized by the NAICS, and focuses on corporate spending for wireline and wireless in each of the 14 industries.
“The year 2010 – like 2009 – it is a weak economy, unemployment hovering around 10 percent, and reducing staff in all industry sectors we examined,” says Robert Rosenberg, president of Insight.
“No formation of new enterprises and fewer employees in existing firms, the growth in demand for telecommunications is wireless, because wireless services tend to make employees over existing goods and offers firms new methods to reach potential consumers, “concluded Rosenberg.
An excerpt of this market study report, table of contents, and ordering details are accessible on the internet at www.insight-corp.com/reports/vert10.asp.
This 116-page report is obtainable immediately for $ three,995 (paper). Electronic (PDF) reports can be ordered online.