Global Wireless Revenues to Reach US$584 Billion by 2007

The Yankee Group has predicted that the global wireless user base will increase by 49% over the next 4 years and reach 1.72 billion subscribers by 2007. The Company's new Global Wireless/Mobile Forecast, also shows global cellular subscriber revenue growing from US$387 billion in 2002 to US$584 billion in 2007, making wireless services similar in value to worldwide crude oil production.

Speaking at the Company's Wireless Leadership Summit now under way at the Marriott Marquis in Times Square, Keith Mallinson, executive vice president of Wireless/Mobile Research, said: "The complete and consistent global analysis that our new forecast provides is increasingly important. It is no longer sufficient merely to benchmark within national markets, and technological islands are disappearing as TDMA and PDC become obsolete. Instead, the GSM family of technologies, including GPRS and WCDMA, will grow from 70% in 2002 to 80% market share in 2007, while the CDMA family with cdmaOne and CDMA2000 will grow from 13% to 16% in the period."

The forecast also shows that 18.6% of world's population currently has a mobile phone."

Posted to the site on 25th June 2003