The world of mobile communications is a phenomenon, not a fad. Within the ICT industry, the mobile communication industry is one of the most thriving industries. On the supply side, businesses compete by providing a variety of services, usually through private networks in which they invest in capacity and coverage. Consumers are tremendously varied in terms of willingness to pay and service usage habits on the demand side.Do you want to learn more? Visit services .
The fast adoption of mobile technology over the last ten years has been a remarkable phenomena that has altered society. The emerging markets are leading the way in terms of mobile subscriber growth. Despite the fact that the industry is dealing with a number of critical difficulties, including as the economic crisis, saturation in established markets, and spectrum concerns, it is projected that there will be more than 5 billion mobile customers worldwide in 2011.
The following are some of the most recent facts and figures:
According to IDC, the worldwide mobile market is currently worth $850 billion, accounting for 57 percent of the global telecom market. Despite the hurdles, the mobile business is thriving, and overall global mobile revenues are expected to exceed $1 trillion by 2012. In 2010, MVNO subscribers will make up about 2% to 3% of all mobile subscribers worldwide.
The Middle East boasts some of the world’s greatest penetration rates, headed by the UAE, which has surpassed 200 percent. In view of these figures, growth rates remain startlingly high. Handset sales rebounded in the fourth quarter of 2009, increasing by at least 10%. There will be an estimated 3.5 billion prepaid customers worldwide in 2010, with Asia Pacific accounting for the majority of prepaid users.
Mobile market penetration in Africa is likely to surpass 50% in 2010, with at least seven nations surpassing the 100% mark. Despite the economic slump, the wireless business in North America continues to be one of the fastest expanding in the telecoms industry. As operators and new market entrants test models based on specialty markets such as data services, music services, health services, luxury services, and low-cost services, the MVNO industry has seen a move away from traditional business models (including the prepaid market).