Telecom industry poised for strong growth

TELECOM INDUSTRY POISED FOR STRONG GROWTH
[SOURCE: InfoWorld, AUTHOR: Grant Gross]
Despite fears of an economic downturn in the United States, the telecommunications industry should see strong growth in the next three years, driven largely by increasing demand for broadband, the Telecommunications Industry Association (TIA) said Friday. The trade group expects the worldwide telecom market to grow to $4.6 trillion by 2011, compared to about $3.9 trillion in 2006. About $1.3 trillion of the 2011 market will come from the United States, the TIA said. Driving these increases will be broadband, with its consumption doubling in 2006 and quadrupling again in 2007, said Arthur Gruen of Wilkofsky Gruen Associates, a consultancy that focuses on telecom and other industries. Video and entertainment applications are pushing customers to buy more broadband and telecom providers to build more capacity, he said. Broadband revenue is expected to grow by more than 13 percent a year through 2011, Gruen said.
http://www.infoworld.com/article/08/02/22/Telecom-industry-poised-for-st...