Although it's clear that many vertical market segments will continue to keep a tight rein on their purse strings in 2010, Insight Research's new report "Telecom Services in Vertical Markets, 2009-2014" reveals that business spending on wireline and wireless telephony will hit $146 billion in 2010. However, there's a stark contrast in spending for what businesses will spend on wireline and wireless services. Wireless services will dominate the market, accounting for about 44 percent of the U.S. business telecom service spend in 2010.
While business wireless service revenues are forecast to grow 18.4 percent annually from 2009-2014, wireline business telephony growth will remain flat. Four vertical segments will dominate wireless spending during this period: construction; financial, insurance, and real estate; professional business services; and transportation. These findings should not be all that surprising since these vertical segments are by nature mobile.
"The year 2009 was all about cut backs and retrenchment in every industry sector we examined," says Robert Rosenberg, President of Insight Research in a release. "However, it is the continued demand for wireless services that will keep the telecom industry in the black over the next five years--and that demand is going to be uneven across the various business sectors."
For more:
- see the release here