Ok, here are some industry stats:
U.S. businesses will increase their telecom investment this year by roughly 7% over expenditures in 2001, with enterprise businesses (1000+ employees) expected to increase expenditures by more than 8%. (In-Stat/MDR)
Cingular Wireless gained 353,000 new subscribers in the 2nd quarter of 2002
The Bluetooth semiconductor market is expected to reach $2.6 billion in revenue by 2006, up from $76.6 million in 2001 the largest segment within the forecast period will be cell phones with 51% of Bluetooth revenues in 2006. (IDC).
Despite the ups and downs of this past year, the global handset industry will grow from $60 billion this year to more than $100 billion in 2006. (In-Stat/MDR)
Samsung Electronics reported a 2nd quarter net profit of $1.63 billion; 2nd quarter sales were $8.25 billion, up from $6.82 billion a year ago.
America's wireless consumers' use of minutes are growing by 75% every 12 months (Tom Wheeler, CTIA)
By 2006, semiconductor revenue is forecast to top $20 billion. (In-Stat/MDR)
Worldwide mobile and wireless professional services market will increase at a compound annual growth rate of 58.5% to reach just under $30.4 billion in 2006. (IDC)
There will be more than 1.7 billion wireless subscribers by the end of 2006, with about 500 million of those using wireless Internet access. (Allied Business Intelligence Inc.)
WLAN chip sets are forecast to exceed 14 million units, an increase of 75% from 2001 (InStat/MDR)
Today's 137 million wireless subscribers are expected to top 180 million by 2005. (Tom Wheeler, CTIA)
In 2005, mobile telephony revenues will reach $480 million (up from $172 million in 1999), subscriber base will grow to 1.8 billion (up from 480 million in 1999) and the traffic volume will reach 2,074 billion minutes (up from 541 billion minutes in 1999). (Web-Feet Research Inc.)
While much of this year has focused on the slowdown of subscriber growth, the reality of the situation is the fact that there will be more than 740 million new subscribers over the next five years. This is a larger annual increase than the total worldwide subscriber base over the first 17-year history of the industry. (In-Stat/MDR)
These are just some of the forecasts recently released. Who knows how it will turn out? Certainly the forecasts made prior to the last year didn't predict the current downturn of the industry, or our economy. The analysts didn't predict massive lay offs, lost profits, some of the most successful companies in this industry merging or partnering, September 11th, WorldCom, Enron, etc. I'm not sure anyone quite saw these blows, or any of the other blows the telecom industry has endured, coming our way.
But, that's the key word here endured. No one can argue the realty, as In-Stat/MDR sates in the last bullet point. Let's face it; the telecom industry isn't going to go away. It will continue to fight back because we can't live our lives without it. I find these stats comforting, motivating, and hopeful.
What do we do in the meantime? Especially when we continue to question our economic climate, our industry, and continue to hold our breath every time the business report comes on the news? Only one phrase comes to mind hang in the battle!