Worldwide mobile service revenues stood at USD 912.1 billion at the end of 2008; outperforming the respective revenues generated by the pharmaceutical, IT hardware and semiconductor sectors, according to the Worldwide Mobile Industry Handbook 2009-2014.  While software and services generated more revenue than mobile services, mobile surpassed this sector in terms of year-on-year growth, and was the only industry of the aforementioned five to register double digit growth (of 17.4 percent) in terms of overall revenue between 2007-2008. By end-2009, the report forecasts that worldwide mobile subscribers will total 4.6 billion.

The initial growth of the mobile market came from the advanced markets in

Western Europe, and when these approached saturation the emerging markets of Asia Pacific led the second phase of market proliferation. Today, Latin America and Africa are driving the mobile market’s growth with Asia Pacific. China and India will add another billion plus subscribers just by themselves in the six year period from end-2008 to end-2014. China is still the world’s largest market now, but India is growing at more than double the CAGR. By end-2014, worldwide mobile subscriptions will exceed 6.3 billion.

Worldwide mobile service revenues stood at USD 912.1 billion at the end of 2008; outperforming the respective revenues generated by the pharmaceutical, IT hardware and semiconductor sectors, according to the Worldwide Mobile Industry Handbook 2009-2014.  While software and services generated more revenue than mobile services, mobile surpassed this sector in terms of year-on-year growth, and was the only industry of the aforementioned five to register double digit growth (of 17.4 percent) in terms of overall revenue between 2007-2008. By end-2009, the report forecasts that worldwide mobile subscribers will total 4.6 billion.

The initial growth of the mobile market came from the advanced markets in

Western Europe, and when these approached saturation the emerging markets of Asia Pacific led the second phase of market proliferation. Today, Latin America and Africa are driving the mobile market’s growth with Asia Pacific. China and India will add another billion plus subscribers just by themselves in the six year period from end-2008 to end-2014. China is still the world’s largest market now, but India is growing at more than double the CAGR. By end-2014, worldwide mobile subscriptions will exceed 6.3 billion.