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Nows The Time To Spend Money to Save Money

By Anamika Singh / TMCnet Contributing Editor
October 27, 2008

INSIGHT Research Corporation, in its research, says that despite perturbations in global financial markets, worldwide telecommunication industry revenues are expected to continue growing at eight percent over the next five years.

Revenue generation from telecommunications, like from narrowband and broadband landline, wireless and cellular services, and Internet communications, should grow from $2.1 trillion in 2008 to more than $3 trillion by 2013. It is expected to grow even in case of voice-related products.

In INSIGHT's report, "The Future of Telecommunications 2008-2013," shows that voice revenues are shrinking so landline phone and cellular companies are looking towards IP communications technology to reduce their cost of operations. IP facilitates convergence, helping replace multiple networks with a single network on which everything travels as interleaved streams of IP packets. This shift to IP will lead to lower subscribers' fees, but makes the telecommunications networks subject to attacks, which is not the case with traditional phone networks.

"The industry has no choice but to shift to IP communications since it is the only sure way to lower operational costs and to quicken the cycle time required to roll out new services," comments INSIGHT president Robert Rosenberg. "IP will create greater competition, which will lower prices for consumers and businesses.