Mobile networks revenue will grow from $60.7 billion in 2004 to $100.1 billion in 2011, according to a report from Telecom Trends International. The report predicts the network equipment and services market will grow at a compound annual growth rate of 7.4 percent over a seven-year period. After growing at 23.9 percent in 2004, the wireless network market will grow at 9.3 percent in 2005 from $60.7 billion in 2004 to $66.3 billion in 2005. The wireless network market will experience growth due to the transition to 3G and 4G networks and the continued growth of wireless in developing markets.
For more on the growth of the carrier network market:
- go to this press release