Gartner forecasts 2.3 trillion SMS messages worldwide in 2008, a 19.6% increase from the 2007 total of 1.9 trillion messages. Mobile messaging revenue across major markets will grow 15.7% in 2008 to $60.2 bln, up from $52 bln in 2007. CAGR for SMS revenue in major markets worldwide from 2002-2006 was 29.8%. From 2007-2011, the CAGR for SMS revenue is forecast to be 9.9%.