Telecom Services Market to Reach $1.4 Trillion by 2014

The global telecommunication services market shrank by 0.2 percent in 2009 to reach a value of $1.2 trillion, according to MarketResearch.com. Given the global economic unpleasantness of that year, the dip is not surprising.

In 2014, the global telecommunication services market is forecast to have a value of $1,4 trillion, an increase of 13.6 percent since 2009, driven in large part by growth of subscribers 25 percent globally, compared to 2009.

Wireless is the largest segment of the global telecommunication services market, accounting for 56.6 percent of the market's total value, and is particularly important in fast-growing developing regions.

America accounts for 34.3 percent of the global telecommunication services market value, down from the situation several decades ago when the U.S. market accounted for nearly half of global telecom revenue. That statistic alone is evidence of the shift of growth to newer regions around the globe.

Telecom Services Market to Reach $1.4 Trillion by 2014