The US telecom industry has been noting intense growth and high levels of increase in revenues over the years. This assignment aims at discussing the telecom industry as a whole for the global markets. A focus will also be made on the US telecom industry and the AT&T Company. The paper will provide the history of the markets as well as the market share and other aspects of the market presence as well. The telecommunication industry is one of the most profitable ones worldwide. The industry has seen immense changes and as a result, the industry is becoming a booming one worldwide. According to the Economy Watch, the world telecommunications markets is expected to see a rise of almost 11% compound annual growth rate by the end of 2010 (Economy Watch, 2010). The industry is built with a number of leading companies, like AT& T, British Telecom, Virgen, Frontier, X holdings and many more. The next section will deal with the US telecommunication industry and will provide some important statistics that relate to the industry in the United States. Also, this will be followed by a focus on the largest telecommunication company in the market, i.e. AT&T.
US Telecommunication Industry:
A report by the TIA highlights that the US telecom Industry has seen an intense growth of almost 7.2% for the period of 2008 – 2011 and the industry we expected to reach as much as $1.3 trillion in 2011. There has been a major acceleration in the growth of the US telecommunication industry and the industry has been studied to grow from 8.3% in 2007 to 9.3% in 2008 (IT Facts. 2008). Gartner researchers highlight that the communication industry has spent as much as $347.5 billion in the year 2008 on the IT systems which include the hardware, IT services, software and also the telecommunications. The report also states that the growth rate between 2006 and 2011 has accounted to almost 3.8% and the companies in the industry are trying to improve all the aspects of the company mostly focusing on the process management.
Datamonitor, 2009, ‘Global Fixed Line Telecoms’, November 2009, Accessed on 2nd April 2010, Retrieved from www.datamonitor.com
Economy Watch, 2010, ‘World Telecom Industry’, Accessed on 3rd April 2010, Retrieved from http://www.economywatch.com/world-industries/telecommunications/world-telecom-industry.html
IT Facts, 2008, ‘US telecom industry to grow at 7.2%’, 22nd February 2008, Accessed on 4th April 2010, Retrieved from http://www.itfacts.biz/us-telecom-industry-to-grow-at-72/9976
Telecommunications Market Data Tables, 2009, ‘Telecommunications market data tables Q1 2009’, September 2009