 |
Research and statistics show that wireless communications is one of the fastest growing sectors of today's economy. Wireless growth has explosive expectations in the U.S. As cellular and other wireless communication products and services have become more universally available and affordable, their demand has risen drastically – especially since the early 1980s. As with any other technological advancement, growth in the telecommunications industry has been largely affected by customer preferences in addition to industry expectations. Cellular telephone service, in particular, has been one of the fastest growing markets in the nation, as well as worldwide.
|
|
According to a report published by Wireless Week, phone usage is set to escalate to an average of 20-30% annually until 2010. It is also expected that revenue produced from wireless figures will rise dramatically over the next five years. For example, mobile data revenue is expected to reach $50 billion worldwide over five years and profits from voice mobile will stand at about $124 billion. The growth will be generated by consumers' enthusiasm for entertainment such as data, games, video and music.
Carriers and providers are running tirelessly as they search and create better ways to serve customers' practical and entertainment needs. With a renewed vision of customer needs and wants, carriers are paying closer attention to the people who utilize their technology and indeed fuel their growth. We cannot hide the fact that consumers just want their devices to work right! The wireless industry attributes this obstacle to network and coverage challenges. However, industry projections show an escalation in the quality and locations of tower and antennae site companies, which, in addition to superior service and innovation from carriers and providers, will greatly improve the consumer experience. Wireless consumers will continue to expect more superior service than ever before.
Wireless GIANT is a unique avenue to capitalize on the retail opportunity of this explosive industry. The following statistics show the enormous demand on wireless products and services:
- 80% of cell phone users said the phones have made life easier
- 28% of U.S. households will buy a cell phone in the next 12 months
- 35% of Americans will change mobile providers
- 60% of U.S. teenagers still do not have a cell phone
- Youth are to account for 30% of users and 25% of revenues in 2008
- 6% of Americans eliminate land-lines in favor of wireless
- 44% of U.S. households still do not own cell phones
- U.S. Mobile phone sales were up 30% in 2004
- In the U.S., cell phone shipments were up 29.3%
- The U.S. wireless market is expected to generate $158.6 billion in 2005
- 61% of seniors over 65 do not have mobile phones in the U.S.
- Mobile users are willing to up their bill 28% for more services
- The average American spends 619 minutes a month and growing
- Phone games brought in $587 million in 2003
- Wireless games are expected to generate $1.5 billion by 2008
- A record number of mobile phones were produced in 2003
- The ring tone market generated over $1 billion in 2003
Source: www.wirelessweek.com, www.cnn.com, www.itfacts.biz
|