Wireless accounts for one-third of corporate telecom spending

A new market research report by Insight Research concluded that wireless services accounted for more than one-third of all corporate telecommunication services last year. U.S. businesses spent more than $132 billion on telecommunications services last year and spending is forecast to grow to nearly $154 billion by 2011, according to the study.
The group also reports that wireless service revenues are expected to grow at a compounded rate of 8 percent annually from 2006 to 2011, the five-year period that was studied. The majority of these new revenues are expected to come from four business sectors: construction; financial, insurance and real estate; professional business services; and transportation. Meanwhile, little growth is expected in wired telecommunications services.
“The price wars we’ve seen over the past six years are over, but revenue growth in wireline services is not forecasted to bounce back,” Insight Research President Robert Rosenberg said. “Wireline revenue growth will be constrained by the growth of wireless spending, though that increase is going to be uneven across the various business sectors.”