Report: Emerging Markets Will Drive Telecom Growth
It will only be two more years before mobile communications revenue generated in emerging markets will finally exceed those produced in the developed world, according to a report by communications industry research company Pyramid Research. The growth rate in mobile communications in developing markets will be fives times greater in 2013 than that in the developed markets.
Pyramid expects revenues in Asia, Central and Eastern Europe, and Latin America to hit $720 billion, a 7.1% increase over 2012. That stands in stark contrast to Pyramid's expectations of only 1.4% growth in 2013 in the developed world to $1.1 trillion after a 0.2% contraction in 2012.
By 2026, emerging-market revenue for all telecommunications services -- i.e., wireless, wireline, and pay TV -- will exceed that of the developed world.
Asian markets, such as in India, China, Indonesia, and Thailand, will produce the greatest rate of telecom growth, at a rate almost three and a half times that of the developed world by 2018.
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