Emerging markets will continue to be the bright spot in an uncertain and challenging global economic landscape. Economic growth in emerging markets is expected to be nearly quadruple the economic growth in developed markets. Telecom service revenue in emerging markets will increase five times faster than in developed markets. This trend will make mobile service revenue in emerging markets in 2015 larger than mobile service revenue in developed markets for the first time ever. Nearly 90% of the 2bn subscribers to come online in the next five years will reside in emerging markets. Exposure to emerging markets has become a critical factor for success in an industry characterized by stagnation in developed markets, intense competition, consumer choice and disruptive business models.
The year 2013 will also accelerate the rate at which emerging market-based players take advantage of financially challenged developed market assets to bring much needed capital, but also commercial innovation and expertise. It will also be a year of important milestones. By year’s end, mobile subscriptions will reach 7bn, on par with the global population. Mobile subscribers in the Africa & Middle East region will surpass the 1bn mark in the first quarter, making it the second region to reach this milestone after Asia-Pacific.
Pyramid Perspective 2013: Top Trends in the Global Communications Industry provides a collection of key insights on top market trends, written by Pyramid’s worldwide team of research analysts and consultants. Pyramid Research is the only firm in the industry with a 25+ year heritage in emerging markets. We are proud to be considered the partner of choice of industry leaders in the converged global communication, media and technology industries.