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Feb. 20, 2008

According to a new research brief prepared by Insight Research, the overall business and residential wireless market in the United States will reach over $248 billion in less than four years.

Annually, it is expected to increase about 12.58 percent from last year's $137 billion market.

Although the numbers look high, they’re actually decreasing, said analyst Linda Kastner who worked on the report "Telecom Services in Vertical Markets 2007-2012" for the research firm.

Overall, new subscriptions are coming from landline replacements and from wireless customers converting to data services, Kastner said.

Of the 26,500 companies surveyed with at least 1,000 employees, AT&T/Cingular leads in market share with 26 percent, followed closely by Verizon with 25 percent, Sprint Nextel with 23 percent and finally by Alltel with a much lower 6 percent rate.

Kastner also said that "on the business side, the wireless portion is going to grow at over 13 percent, and that would start at $48 billion this year, and at over $ 89 billion in four years from now.”

She added "the top vertical markets are construction, financial, insurance, and real estate, professional services, and finally transportation."

Overall, health care is poised to be another major vertical market for wireless because it’s due for new applications, she said.

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Source: Insight Research.

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