The telecoms market is set to grow by almost £20bn over the next five years, boosted by the under-penetrated central and eastern Europe markets.
The overall European telecommunications market will grow from $245bn (£133) in 2003 to $281bn by 2008, as a combination of new fixed and mobile access products emerge on the market, according to analyst IDC. A major growth driver will be the under-penetrated central and eastern Europe markets, IDC said.
The venture capital industry has an estimated $85bn waiting to be invested, and large-scale investments in voice over internet protocol (VoIP) are likely to be finalised over the next 12 months, according to the Yankee Group. The number of investment deals in VoIP rose 50% from 2002 to 2003.
Over 40% of mobile phone users worldwide will be heavy or regular users of mobile data services by 2005, according to a study by AT Kearney and the Judge Institute of Management of Cambridge University. Multimedia phones now account for 49% of all phones in use and adoption of key data services has moved beyond experimentation to the mainstream, the study found.
The Asia-Pacific (excluding Japan) PC market grew 20% to 7.8 million units in the second quarter of 2004 compared with the year-earlier period, according to IDC. Countries showing strong growth included Hong Kong, India and Thailand, while the possible cooling down of China's economy could affect the market going forward, IDC said.
David Legard writes for IDG News Service