Softened economy will not impair long term success for 3G predicts UMTS Forum study - market still worth $1 trillion over next decade
3GSM World Congress, Cannes: Recent updates to the Forum's ongoing series of market forecasts for global 3G service revenues indicate that 3G still remains a substantial market opportunity worth $1 trillion over the next decade. Due to the current downturn in the telecommunications sector worldwide, the Forum predicts that short term revenues will be reduced by 17% through 2004 representing a total reduction in annual revenues of $10 billion to operators.
The UMTS Forum Third Generation Market Study Update - Structuring the Service Revenue Opportunities, Report 17, re-examines worldwide market demand for 3G services in light of the new challenges which have been experienced by the mobile and telecommunications business sectors over the last eighteen months. While the long term revenue opportunity remains on track, the Forum predicts that launches in many regions will be later than originally anticipated. Countrywide rollout in Japan is anticipated from 2002 and the earliest UK launches will not occur until 2002/3, with most Western European countries following during 2003/4. The study predicts that 3G services will launch in the USA from 2004 as originally forecast.
Report #17 includes updated worldwide and regional forecasts for mobile intranet/extranet, customised infotainment, mobile internet access, multimedia messaging service, location-based services, and voice.
The UMTS Third Generation Market Study Update
UMTS Forum Report 17