The Telecommunications Industry Association (TIA) is predicting the telecommunications market outside the U.S. will grow 10.1% in 2003 to $1.4 trillion, reversing declines during 2001 and 2002. The TIA's 2003 Telecommunications Market Review and Forecast, an annual publication, found that Internet traffic continues to grow rapidly; the need at the enterprise level for high-speed data transmission continues to grow; and the demand for mobile connectivity for both voice and data is expanding. In Asia/Pacific markets, total telecommunications revenue is expected to reach $421.6 billion in 2003, up from $380 billion in 2002. The Asia/Pacific market is projected to grow at a 9.1% clip through 2006, according to the study. TIA said Japan continues to exhibit only modest market growth while China and India are growing rapidly. For example, in recent years, growth in subscribers of mobile phones in both China and India has exceeded 80% CAGR. Western Europe is expected to see revenue of $362 billion in 2003 -- up 5.8% over 2002.
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- The Telecommunications Industry Association (TIA) is predicting a 6.1% increase in spending in the United States on network transport services during 2003, achieving a total market size of $345.3 billion. Unlike 2002, TIA predicts growth will be positive across all transport services, and greatest in wireless services and specialized services such as high-speed Internet access. Local service revenues will expand by 5.8%, toll services will return to positive growth with a 1.7% increase, and wireless services will sustain 12% growth in 2003. Growth in high-speed Internet access will generate additional network traffic to sustain growth through 2006. TIA expects to see major infrastructure buildouts resume as service providers prepare for greater numbers of broadband subscribers. As a result, TIA expects the wireline network equipment and facilities market to expand by an 8.5% compound annual rate from 2003 to 2006, reaching $30.4 billion in 2006. The wireline network equipment market declined by 49% in 2002, according to TIA.
