The market in 2011 benefited from faster growth in wireless subscribers, a jump in spending on data services, and double-digit gains in equipment and wireless handsets. The handset market was fueled by growth in smartphones, while the equipment market was buoyed by wireless network upgrades and spending on LTE (Long Term Evolution) equipment. Wireless equipment spending rose 23.9 percent in 2011, and spending on wireless devices increased 15.4 percent, while transport services grew 10.0 percent.
Source: TIA’s 2011 ICT Market Review & Forecast
Worldwide telecommunications spending totaled $4.1 trillion in 2010. The U.S. market accounted for $985 billion and other regions generated a combined $3.1 trillion. A rebound in equipment spending and continued growth in wireless and broadband contributed to the turnaround in 2010 in both the United States and the rest of the world. Global telecommunications spending will grow at a 6.9 percent compound annual rate to $5.3 trillion in 2014 from $4.1 trillion in 2010

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