Global telecoms revenue will bounce back this year thanks to a strong rally in the mobile sector, according to independent telecoms analyst Ovum.
New figures released by Ovum’s Global Telecoms Analyser show that telecoms service provider revenues only grew by 2.2 per cent year on year in 2009 – the worst growth in a decade.
This is evidence that the telecoms industry finally succumbed to the impact of the global economic downturn.
But the mobile sector has returned to healthy growth, sufficient to overcome the steady decline in fixed line services.
Total revenues, as reported by service providers, will grow by 6 per cent in 2010 and a CAGR (compound annual growth rate) of 5 per cent by 2014.
“Globally, mobile is keeping telecoms buzzing,” John Lively, chief forecaster at Ovum, says.
“In 2010, China and India alone will add 329 million new mobile phone connections, equivalent to more than the combined total population of Germany, France, Italy, Spain and the UK.”