PARSIPPANY, N.J. – Driven primarily by Internet Protocol related wholesale volume, U.S. wholesale network services revenue will grow at an average annual growth rate of 24 percent to $116 billion by 2003, up from $39 billion in 1998, according to The Phillips Group-InfoTech.
The Parsippany, N.J.-based research firm identified three key sectors that will account for increases in IP-related wholesale volumes. They include the increase of wireless wholesale services, driven by Internet access; new competitive local exchange carriers entering the market; and increased packet/cell-based network services, which include the delivery of IP telephony.
Richard Kent, vice president of global professional services at The Phillips Group-InfoTech, said on-going deregulation, rapid acceleration of telecom technologies and the impact of the Internet on demand for bandwidth all have helped to accelerate the growth in the U.S. wholesale market.
