Data Revenues Will Push Mobile Biz Past $1 Trillion

The growing popularity of smartphones and high-speed wireless broadband networks are proving to be two major catalysts for the wireless industry. As a result, expect its revenues to barrel past the $1 trillion-mark by 2013, says Informa Telecom’s & Media, a London-based market research group. That compares to revenues of $208 billion in 2008 and $330 billion in 2009. By 2014, global mobile penetration will hit 92 percent with about 6.7 billion subscribers, the firm predicts.

Such numbers make clear why the industry is so focused on data. According to Informa’s predictions, nearly 30 percent of the world’s wireless connections are going to be using 3G or higher wireless broadband technologies and by 2014, nearly half of the world’s 6.7 billion mobile users will be using some combination of 3G and 3.5G+ technologies and about 33 percent of the total mobile users will be using 3.5 G+ technologies such as WiMAX and LTE (see related GigaOM Pro research, sub. required: 4G State of the Union).

To me this is just further proof that wireless broadband is a massive opportunity, of which we have only barely scratched the surface.

Image courtesy of Flickr user Ed Yourdon