FOR IMMEDIATE RELEASE
CONTACT: Farrah Kim, +1.202.568.8986, FarrahKim@Rational360.com
TIA ICT Market Review & Forecast Says Smartphones, Tablets and the Cloud Will Drive U.S. Network Infrastructure Spending to $300 Billion by 2015
The Telecommunications Industry Association (TIA) has released its 2012 ICT Market Review & Forecast (MR&F). The MR&F provides the ICT industry's most comprehensive, trusted data review, with forecasts through 2015.
Many findings from the report focus on the impact of the growth of smartphones and tablets, cloud-related services and video streaming. These devices and services are driving dramatic traffic surges and demanding increased network infrastructure investment.
TIA's President Grant Seiffert said, "The rapid advance of smart phones, cloud services and video is placing an enormous demand on the network. These devices and services are essential for consumers and have become critical for businesses. Companies that support both wired and wireless networks are expected to spend nearly 41 percent more in the next four years than in the previous four years. And this technology generates jobs across American industries."
Key facts include:
- Global Internet traffic will quadruple by 2015
- In five years, mobile broadband traffic will be 35 times current levels
- U.S. spending on wireless and wired network infrastructure will grow to $296 billion by 2015
- The Middle East/Africa region will have 10 percent growth in telecom spending through 2015, followed by Asia Pacific at 9.5 percent and Latin America at 7.5 percent
- Spending on U.S. IT-based cloud computing will be the fastest-growing category
Key facts related to this trend include:
- In 2013 consumers will spend $108 billion on wireless data and $91.5 billion on wireless voice
- In 2011 consumers spent $73.6 billion on wireless data and $102.3 billion on wireless voice
- In Q4 2010, there were 101 million mobile broadband-dependent smartphones sold—versus 92 million PCs
"Every year the Market Review & Forecast offers a sea of data that presents the most complete look at where the worldwide ICT industry has been, and where it is headed," said TIA President Grant Seiffert. "This year, the report identifies a clear, unmistakable theme: America's broadband networks are going to be under extraordinary pressure in the immediate future."
TIA's annual ICT Market Review & Forecast collects and analyzes a wide range of industry data, and looks at the economic, technology and public policy drivers behind the numbers. The report includes very specific data related to key industry segments, including wireless data, wireline data, landline equipment, conferencing services, wired internet access, network equipment and more. It also presents high level data related to global ICT industry spending, including key facts such as:
- Telecom spending in the United States will top $1.1 trillion in 2012
- International telecom spending will reach $3.6 trillion in 2012 (not including the U.S.)
- Combined telecom spending will top $4.7 trillion in 2012, and will surpass $5 trillion in 2013
To order the report, go to tiaonline.org. Media interested in receiving a copy should contact Beth Dozier at 202-429-1833, or email@example.com.
For more information on what the data and trends outlined in the Market Review & Forecast mean, watch an indepth roundtable discussion on tianow.org.
The Telecommunications Industry Association (TIA) represents the manufacturers and suppliers of global information and communications technology (ICT) networks through standards development, policy and advocacy, business opportunities, market intelligence, and events and networking. Since 1924, TIA has been enhancing the business environment for broadband, mobile wireless, information technology, networks, cable, satellite and unified communications. Members' products and services empower communications in every industry and market, including healthcare, education, security, public safety, transportation, government, the military, the environment, and entertainment.
View video news programming on TIA Now at tianow.org.
TIA's Board of Directors includes senior-level executives from ACS Solutions, ADTRAN, Alcatel-Lucent, Cisco Systems, Dow Chemical Company, Ericsson, Inc., FAL Associates, GENBAND, Inc., Henkels & McCoy, Juniper Networks, ILS Technology, Intel Corporation, LGE, Microsoft, Motorola Mobility, Motorola Solutions, Nokia Siemens Networks, Numerex Corp., OneChip Photonics, Panasonic Computer Solutions Co., Qualcomm, Sumitomo Electric Lightwave Corporation, Tarana Wireless, Inc., Tellabs, TE Connectivity, Walker and Associates and WirefreeCom, Inc.
The Telecommunications Industry Association (TIA) represents manufacturers and suppliers of global communications networks through standards development, policy and advocacy, business opportunities, market intelligence, and events and networking. TIA enhances the business environment for broadband, mobile wireless, information technology, networks, cable, satellite and unified communications. Members' products and services empower communications in every industry and market, including healthcare, education, security, public safety, transportation, government, the military, the environment, and entertainment. Visit tiaonline.org for more details.
TIA is accredited by the American National Standards Institute (ANSI), and is a proud sponsor of ANSI’s Standards Boost Business campaign. Visit www.standardsboostbusiness.org for details.