Infonetics Research: Mobile Services Revenue to reach $870 billion in 2014
Infonetics Research recently updated its report on Mobile Services and Subscribers: Voice, SMS/MMS, and Broadband, based on revenue reported for the first half of 2010 (1H10). This update resulted in increased short- and long-term revenue forecasts by the company.
Infonetics: Mobile Services Market Highlights
In the 1st Half 2010, global mobile service revenue grew 6.5% over 1st Half 2009, driven mainly by Latin America, Asia-Pacific, and North America
- Infonetics Research increased its mobile voice, broadband, and messaging services forecasts, now expecting telecom operator revenue to hit $870 billion in 2014
- Mobile broadband service revenue is forecast to grow the fastest of the three primary mobile services, with a 25% 5-year compound annual growth rate (CAGR) from 2009 to 2014
- Infonetics expects the number of mobile broadband subscribers to grow to 1.8 billion worldwide in 2014 (28% of all mobile subscribers), after surpassing fixed broadband subscribers for the first time in 2010, driven by massive adoption of smartphones
Analyst Note: “The overall wireless industry performed above expectations during a period of economic stress — albeit unevenly across various world regions — and will continue to grow as macroeconomic conditions improve. Only the western European telecom services market was significantly affected by the economic crisis, and still struggles to recover as Greece, Ireland, Italy, Spain, and Portugal continue to suffer. Mobile broadband and mobile messaging service revenues are growing rapidly and will help operators offset declining voice revenues, but voice service isn’t going away anytime soon; in fact, voice will still account for almost 60% of the mobile pie in 2014. Operators need to continue selling smarter phones and up selling data plans to keep pace with falling voice usage,” said Stéphane Téral , Infonetics Research’s principal analyst for mobile and FMC infrastructure.
Infonetics’ bi-annual Mobile Services and Subscribers report provides in-depth analysis, worldwide and regional market size and forecasts for revenue, subscribers, and average revenue per user (ARPU) for various types of users. Those include: prepaid and postpaid mobile voice service, prepaid and postpaid mobile messaging service (SMS/MMS), and phone-based and PC-based mobile broadband service delivered over W-CDMA/HSPA (3G), CDMA2000/EV-DO (3G), TD-SCDMA (3G), and LTE (4G) networks.
Data and forecasts for mobile subscribers by technology (GSM, W-CDMA, TD-CDMA, cdmaOne, CDMA2000) are also included (from 2004 to 2014). The report includes a Mobile Broadband Service Tracker following service providers in North America, EMEA (Europe, Middle East, Africa), Asia Pacific, and Central and Latin America , showing live and planned mobile services, number of mobile broadband and WiMAX subscribers, country, network technology, and analyst commentary.
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Frost & Sullivan: Explosive growth in smart phones and connected devices will result in mobile cloud services
According to Nitin Bhat, Partner and Vice President at market research firm Frost & Sullivan Asia-Pacific, smart phones will be mass market by 2015 and the number of connected devices sold globally will increase from 6 billion in 2011 to 80 billion in 2020. Connected devices include smartphones, tablets, televisions and smart grids. Mr. Bhat predicts that the Asia-Pacific region will experience a huge jump in smartphones sales- from 50 million devices sold to 100 million in 2011. This figure will account for 20 percent of total mobile devices shipped across the region this year, he added.
“While Asia’s wireless market is saturated for 2G services with only China and India with room left for significant 2G growth, 3G services still represent significant opportunity with 3G services penetration at less than 50% in most Asia-Pacific markets. Increased smart phone usage will drive the 3G services market,” Nitin said.
The increased adoption of Web-enabled mobile devices would, in turn, lead to the emergence of mobile cloud services, according to.Frost and Sullivan. The firm believes that smartphones will pave the way for mobile cloud and security as carriers and vendors start introducing services such as remote wipe, remote storage and virus protection to smart devices to the consumer space. Mobile cloud services will also help overcome smartphone challenges such as memory space, battery power and processing speed.
For more information, please see: Mobile Devices a Hot Area for ICT in 2011, says Frost & Sullivan
Disclaimer: This author has no business relationship with Infonetics or Frost and Sullivan.