The rise in mobile handset data and fixed and mobile broadband is anticipated to drive global telecoms revenue to $ 1.7 trillion by 2017, according to a new report.
Analysys Mason’s report, Global telecoms market: trends and forecasts 2013-2017, revealed that the rise in data usage and rise in penetration of smartphones and broadband services would drive the revenue during the forecast period.
The report also projects that the service providers will strive to drive growth in traditional revenue streams during the following few years.
Global telecoms retail revenue is anticipated to grow at a compound annual growth rate (CAGR) of 1.7% during 2012-2017, which includes 3.2% growth in mobile, while mobile voice revenue would see growth in emerging markets as many customers in several countries still remain unserved.
During the forecast period, revenue in emerging markets would grow at a CAGR of 5.3%, which will negate the decline in Western Europe (WE), while revenue will be nearly stable in Central and Eastern Europe (CEE), developed Asia-Pacific (DVAP) and North America (NA).
About two-thirds of global revenue growth will be delivered by Emerging Asia-Pacific (EMAP), and about 20% from Latin America (LA), while three countries, including China, India and Brazil will account for about 60% of global revenue growth.
By 2017, smartphones would account for 84% of total mobile handsets in Developed Asia-Pacific and about 75% in North America and Western Europe.
Emerging markets will see improved mobile connectivity stimulating the deployment of data services, while mobile voice would lead other services as fixed infrastructure would be poor.
Emerging Asia-Pacific is forecast to surpass Western Europe by 2017, which would make it the second-largest region in terms of retail revenue following North America.