Data Revenues Will Push Mobile Biz Past $1 Trillion

6 Comments

The growing popularity of smartphones and high-speed wireless broadband networks are proving to be two major catalysts for the wireless industry. As a result, expect its revenues to barrel past the $1 trillion-mark by 2013, says Informa Telecom’s & Media, a London-based market research group. That compares to revenues of $208 billion in 2008 and $330 billion in 2009. By 2014, global mobile penetration will hit 92 percent with about 6.7 billion subscribers, the firm predicts.

Such numbers make clear why the industry is so focused on data. According to Informa’s predictions, nearly 30 percent of the world’s wireless connections are going to be using 3G or higher wireless broadband technologies and by 2014, nearly half of the world’s 6.7 billion mobile users will be using some combination of 3G and 3.5G+ technologies and about 33 percent of the total mobile users will be using 3.5 G+ technologies such as WiMAX and LTE (see related GigaOM Pro research, sub. required: 4G State of the Union).

To me this is just further proof that wireless broadband is a massive opportunity, of which we have only barely scratched the surface.

Image courtesy of Flickr user Ed Yourdon

6 Comments

HS

Very much doubt we’ll ever hit that sort of global market penetration in my lifetime … and I’m not THAT old.

Would be interesting to see what they did to the data to reach that sort of number … did they simply extrapolate the last 5-10 years growth? Also more than likely conveniently forgot that there isn’t a neat one to one relationship between no. of subscriptions and no. of people.

Hardik Vania

Here in india – It seems that Carriers are still not concentrating on Data & fighting fiercely for Voice. It’s high time that some of them try providing Data at reasonable rates….At least in Matros

Anonymous

Telecom operators in India are very busy cheating (open accusation in India) their pre-paid customers and hence don’t have to worry about additional revenue sources…

Dilip Andrade

Just remember that a subscriber isn’t necessarily a person. Right now I have 2 phones, so I’m 2 subscribers. If I use LTE as a fixed wireless connection for my home, i’ll be 3 subscribers (4 if IPTV gets rolled out over LTE).

Curtis

@Om,

I agree, staggering opportunity. I do hope that the carriers improve their pricing of data services. Right now, I think data pricing plans remain a significant barrier to mass adoption.

It will also be interesting to see how the carriers price devices such as smartbooks, tablets, digital frames, and the like as they come onto their networks.

My $.02,

Best.

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