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There may be worries that overall IT expenditure may be trimmed, but worldwide telecommunications spending isn’t slowing. The market will likely reach $2 trillion this year, a 7.6% bump over last year’s $1.8 trillion, according to a just-released report from Gartner.
In the telecom service segment, revenue is expected to reach $1.6 trillion, up from last year’s $1.49 trillion, and account for 81% of the overall market, said Gartner.
"Revenue from telecom services has traditionally dominated the market, accounting for four out of every five dollars earned in the sector," said Will Hahn, principal research analyst at Gartner, in a statement. "We forecast that this historic proportion will now shrink, an indication that legacy revenue is no longer sufficient for carriers to justify their investments and that the growing equipment sector is being deployed to support new and converged services, as well.
The market research company also noted that fixed voice sector growth will slow and mobile communications will account for a significant portion of telecom revenue. In four years, the ratio of mobile to fixed connections will be more than four-to-one, Gartner says. "We now forecast that revenue in the mobile sector will top $1 trillion by 2010," said Hahn.
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