Wireless Explosion in Asia?
In the "This Just In: Asia Is A Pretty Big Friggin' Market" category: (Just don't label me a cynic - Greg Galitzine has that title wrapped up here at TMC)
Technology market research firm�In-Stat reported today that Asia is�poised to possibly become the world's largest mobile telecommunications market within the next five to�10 years.� �
According to a press statement, In-Stat forecasts that by 2009, Asian mobile telecommunications revenue will reach $260 billion, representing a whopping $120 billion increase from 2004.� India will experience the fastest growth in the regional market, with a 32.8 percent annual growth rate in subscribers, and 31.1 percent�revenue growth for the period spanning 2004-09.��
"In-Stat sees Asia as the most exciting market for investors, operators, equipment vendors and handset manufacturers," In-Stat analyst Bryan Wang said in a prepared statement.� "Operators like NTT DoCoMo and Singapore Telecom are seeking investment opportunities to expand outside their home markets."
In-Stat's report, "Asia Wireless Annual Report: Subscribers, Handsets, and Infrastructure,"�reveals, among other things,�the following information:
- South Korean handset vendors like Samsung and LG are "significantly gaining market share in both high-end products and in developing markets;
- Sony Ericsson is still the big winner in the equipment arena within the region; and
- Because of their large deployments of CDMA technology, U.S. equipment vendors, such as Lucent and�Motorola, have "made significant headway in the�Asian market."�
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Related Tags: market, vendors, growth, equipment
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