Spending by businesses on wired and cellular calling will hit $133 billion by
the close of 2008, says a new market research report from Insight Research. The
study predicts that cellular calling will account for nearly 39 percent of the
corporate phone bill for telecommunication services in 2008, and is the fastest
growing expense area.
Insights newly released market analysis report, Telecom Services in Vertical
Markets 20072012, reveals that wireless service revenues are expected to grow
at a compounded rate of more than 13 percent annually from 2007 to 2012, while
growth in wired services remains essentially flat. The biggest spenders on
cellular services will come from four market segments: construction financial,
insurance, and real estate professional business services and transportation.
As for corporate wireline telecommunications expenditures in 2007, four
industrieswholesale trade financial, insurance, and real estate professional
business services and communicationsaccounted for 70 percent of revenues.
The study analyzes 14 vertical industries categorized by the NAICS, and focuses
on corporate spending for wireline and wireless telecommunications services in
each of the 14 industries.
"Even without the threat of a recession, revenue growth in wireline services was
not forecasted, but now it seems close to a certainty," says Robert Rosenberg,
President of Insight. "On the plus side for carriers, wireless spending is
forecasted to increase at a healthy rate, but that increase is going to be
uneven across the various business sectors," Rosenberg concludes.
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