Strategy Analytics, a provider of advisory, consulting and market intelligence services, said in the release of its Wireless Operator Strategies (WOS) service report, "Global Mobile Service Revenue to Stagnate at $1 Trillion Mark" that the global mobile service revenue growth will continue its rapid growth this year, hitting the USD1 trillion market in 2015. However, the firm cautioned against a flat growth that is expected to follow after that.
According to Strategy Analytics, the worldwide deployments of 4G LTE contributed to the increased use of data on many operator networks, contributing to the higher revenues recorded this year. Although Europe remains sluggish in the mobile market with a revenue expectation that is 17% less than its 2008 peak, its slight rebound this year contributed to the increase in global mobile services revenue. Strategy Analytics also pointed out to the slowdown in the 3G service revenue as 4G LTE services become more widespread. According to the firm, 4G LTE will account for 9% of global service revenue in 2013 and more than half of the 2018 total.