Metric: Worldwide wireless revenue to hit $600B by end of 2006

According to a recent study by Insight Research, wireless communications will push the revenue of the global telecommunications industry to $1.2 trillion by the end of 2006. The report expected wireless revenue to account for 49 percent of all telecommunications services revenue. It also predicted revenue for the industry to grow at a rate of 5.9 percent from 2005 to 2010. By 2010, total worldwide telecommunications service revenue would reach $1.6 trillion, with wireless communications revenue making up 55.6 percent of the total. Markets in Asia and South America will experience the fastest growth, while Europe and North American growth will be slower. Wireless subscribers worldwide should reach 1.8 billion by the beginning of 2006.

For more on the Insight Research study:
- take a look at this article from IT News Online