26 Trillion Dollars on Global Telecom? That’s a Lot of Phone Calls…
With the boom of social media sites, increasingly smart mobile smartphones, and all the crazy technology that we consume on a daily basis, it is impossible to deny that communications is one of the fastest growing industries in the world today. The amount of money consumers and businesses are pouring into this industry is insane. I can’t imagine how much money one trillion dollars is, but according to an Insight Research study, global telecom spending is to reach $25.6 trillion in the next 5 years — this inclues internet phone/VoIP, mobile phones, mobile accessories likes apps, and almost any other communication tool you can think of.
If that figure didn’t blow your mind, let me feed you some more insights:
- 90% of the world’s population has access to a mobile phone. There are 4.6+ billion mobile phones in the world… that’s 1 cell for every 1.5 people. (Mashable)
- The international calling industry for calling from the U.S. abroad is now estimated at a $23.8 billion market, with 25 percent of international callers use a computer and VoIP software to make calls. (Rebtel and Harris Interactive survey)
- Throwing out that “t” word again… Worldwide mobile voice and data revenue will exceed one trillion dollars a year by 2014. (Gartner)
- Facebook, valued at $50 billion, has 600 million active users. (MSNBC)
- Didn’t know anyone used Twitter? Think again… Twitter had 58 million users at the end of 2009; End of 2010: Twitter had 175+ million users. That’s a whopping 117 million user increase in one year! (NY Times)
- VoIP services revenue is estimated to reach 3.9 billion in 2016. (Frost & Sullivan)
All these numbers have my head reeling, but in a good way. Worldwide connectivity and unified communication and is inevitable, so we might as well embrace it! Although we complain people are blowing up our phones or we don’t care that Tommy and Suzi broke up on Facebook, there is so much more out there to learn and appreciate.
But remember… Streaming information is not something we should take for granted! Check out KeepTheNetFree on Twitter to learn more about Net Neutrality issues as well as ways to take a stand!