General State of the Economy and the Industry of the U.S. Market
(c) Information about the general state of the economy and the industry of US market:
Telecommunication Industry have gone through a huge changes and its market has expanded globally. Since 2008, this industry has increased from 84 million to about 182 million in 2013 in wireless phone and related devices operating in the United States with some 162-million mobile-phone users in the United States alone.
The U.S. continues to be the largest telecom market in the world and is expected to grow faster than most other developed countries to a total of $721 billion by 2015, or 3.7 percent every year. However, the U.S. share in the global market will decrease as developing nations experience higher growth rates.
On a national basis, wire line voice revenues are expected to continue their long-term decline, while the mobile market could grow to over $200 billion by 2015. Highlighting an overall theme in the telecommunications market, however, wireless voice revenues are expected to be flat to slightly down in the coming years but will be more than made up by rapid growth in data revenues thanks to the adoption of smart phones and the emergence of machine-to-machine services.
Segmented by markets, the overall U.S. revenue picture shows that more than half of telecommunications spending is still in the consumer market segment, although the general business and enterprise (large-business and government) markets continue to grow.
The number of American wireless customers now exceeds 290 million, a penetration rate of approximately 95 percent. According to a recent government study, 27 percent of U.S. homes rely on cell phones only for voice services.
Telecommunication Industry have gone through a huge changes and its market has expanded globally. Since 2008, this industry has increased from 84 million to about 182 million in 2013 in wireless phone and related devices operating in the United States with some 162-million mobile-phone users in the United States alone.
The U.S. continues to be the largest telecom market in the world and is expected to grow faster than most other developed countries to a total of $721 billion by 2015, or 3.7 percent every year. However, the U.S. share in the global market will decrease as developing nations experience higher growth rates.
On a national basis, wire line voice revenues are expected to continue their long-term decline, while the mobile market could grow to over $200 billion by 2015. Highlighting an overall theme in the telecommunications market, however, wireless voice revenues are expected to be flat to slightly down in the coming years but will be more than made up by rapid growth in data revenues thanks to the adoption of smart phones and the emergence of machine-to-machine services.
Segmented by markets, the overall U.S. revenue picture shows that more than half of telecommunications spending is still in the consumer market segment, although the general business and enterprise (large-business and government) markets continue to grow.
The number of American wireless customers now exceeds 290 million, a penetration rate of approximately 95 percent. According to a recent government study, 27 percent of U.S. homes rely on cell phones only for voice services.