WASHINGTON--(BUSINESS WIRE)--The Telecommunications Industry Association (TIA) today released its 2012 ICT Market Review & Forecast (MR&F). The MR&F provides the ICT industry’s most comprehensive, trusted data review, with forecasts through 2015.
Many findings from the report focus on the impact of the growth of smartphones and tablets, cloud-related services and video streaming. These devices and services are driving dramatic traffic surges and demanding increased network infrastructure investment.
TIA’s President Grant Seiffert said, “The rapid advance of smart phones, cloud services and video is placing an enormous demand on the network. These devices and services are essential for consumers and have become critical for businesses. Companies supporting both wired and wireless networks are expected to spend 41 percent more in the next four years than in the previous four years. And this technology generates jobs across American industries.”
Key facts include:
- Global Internet traffic will quadruple by 2015;
- In five years, mobile broadband traffic will be 35 times current levels;
- U.S. spending on wireless and wired network infrastructure will grow to $296 billion by 2015;
- The Middle East/Africa region will have 10 percent growth in telecom spending through 2015, followed by Asia Pacific at 9.5 percent and Latin America at 7.5 percent.
- Spending on U.S. IT-based cloud computing will be the fastest-growing category.
The MR&F identifies 2013 as a pivotal year in the evolution of wireless communications –predicting that, for the first time, consumers will spend more on wireless data than on wireless voice services.
TIA’s annual MR&F analyzes a wide range of data, weighing economic, technology and policy drivers, with specific data on industry segments, including wireless data, wireline data, conferencing services, wired internet access, network equipment and more.
Order the report at tiaonline.org.
For more on MR&F, watch an in-depth roundtable discussion on tianow.org.
About TIA
The Telecommunications Industry Association (TIA) represents the manufacturers and suppliers of global communications networks through standards development, policy and advocacy, business opportunities, market intelligence, and events and networking. Visit tiaonline.org.
Join TIA at its annual Member Meeting, Conference and Exhibition, TIA 2012: Inside the Network, June 5-7, 2012 in Dallas. For details, visit tia2012.org.