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The UK telecommunications market is dominated by the mobile phone sector which takes a majority share, accounting for 50% of total industry revenue. By the end of 2012 this has been predicted to rise to 55%.
The mobile phone sector is one of the key drivers in the UK telecommunications market. Mobile data use now accounts for only a small fraction of IP traffic but this will grow rapidly in coming years through the combination of upgraded networks making data more readily accessible, the proliferation of cheaper data plans and the wider availability of more capable handsets.
Through to 2011 the UK telecommunications market was expected to record moderate growth to be worth an estimated £35.6 billion. Through the next four years the industry has been forecast to grow at a compound annual growth rate (CAGR) of 3-4%, with the market value set to reach £40.7 billion.
Mobile phone and broadband uptake, along with technological advancements are believed to facilitate growth throughout the next four years. The market is expected to be particularly driven by the popularity of smart phones, mobile broadband services, and the increase in demand for data services and mobile applications.
The TV market shows the greatest potential for revenue growth in 2013, though overall telecommunications revenue during the next two years will be sluggish.
For more information on the UK telecommunications market, see the latest research: UK Telecommunications Market Report
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