Worldwide telecom revenues to grow at 5.9% a year

The global telecommunications industry showed modest growth in 2004, and the growth of its revenue is expected to continue into 2005, according to Insight Research. Worldwide telecommunications services revenue is expected to grow at a compounded annual rate of 5.9% from 2005 to 2010, which reflects the level of sustainable growth enjoyed by the telecom segment prior to the technology bubble of the late 1990s.

While the past few years were brutal for the telecommunications industry, Insight predicts that worldwide telecommunications industry services revenue will grow from $1.1 trillion in 2005 to $1.5 trillion in 2010, bringing an end to the industry slump. Telecommunications revenue will be uneven, with North America showing the lowest and Asia-Pacific the highest rate of revenue growth.