Mobile services market dragged down by Europe againAll News, Telecom News
29/06/2015 Leave a comment
Dragged down by the EMEA region (Europe, the Middle East and Africa), with Europe as the main culprit, global mobile service revenue fell 2 percent in 2014 from 2013, to $781 billion, according to IHS Infonetics.
“Hobbled by mobile saturation and continuous weak consumer spending across the board, the mobile services market in EMEA dropped 14 percent in 2014 from the prior year-its third straight year of negative performance. Once again, growth in the Middle East and Africa was not strong enough to pick up the slack in Europe,” said Stéphane Téral, research director for mobile infrastructure and carrier economics at IHS.
Mobile services revenue was up 7 percent in 2014 from 2013 in CALA, and essentially flat in North America and Asia Pacific-a result of a growth slowdown in China.
Globally, mobile broadband revenue rose nearly a third year-over-year in 2014, but this was not enough to offset double-digit declines in voice service and SMS revenue.
For the second year in a row, voice revenue and usage decreased in 2014.
In 2014, worldwide voice subscribers reached 6.9 billion.
IHS forecasts global mobile broadband revenue to grow at an 11.7 percent compound annual growth rate (CAGR) from 2014 to 2019, offsetting the continuous decline in voice and SMS revenue.