The volume of the global telecom market was $ 3 trillion in 2006. This is equivalent to 11.2% growth when compared with 2005 figures. Such conclusions are contained in the report of the Telecommunications Industry Association (Telecommunications Industry Association), which includes in the overall assessment of the revenues of equipment and software manufacturers, as well as revenues of telecom operators.
In the US, the telecommunications market in 2006 grew by 9.3% and reached $ 923 billion, the report says. European amounted to $ 1 trillion, Asia-Pacific - $ 715 billion. The fastest growing markets in Africa and the Middle East last year, which added about 21.6%.
In 2010, according to the forecasts of the Association, the volume of the global telecommunications market will reach $ 4.3 trillion,
Telecompaper.com reports.