Wireless technology
The above statistics present a comfortable picture to growth on the national front. The same is the case with the United States, as Entner et al. (2005) acknowledges. He states that in the U. S, over the next 10 years, wireless technology will at the very least, create a further two to three million jobs (cumulatively adding $450 billion in GDP and $700 billion in consumer surplus). Furthermore, the technology is expected to provide cost savings to US businesses, estimated upwards of $600 billion.
This is conservative because one of the key assumptions it is based on is that no additional services (beyond those available today) will be developed. The following points are paraphrased from the Entner et al. (2005) report: In 2004, use of wireless applications was in its infancy. Total economic benefits showed a mediocre $8. 5 billion per annum. However, productivity gains from these applications will begin to show results, and was expected to grow to $63 billion per annum by 2010 and an astronomical figure close to $86 billion by blackberry swot analysis, ten times the growth registered in 2004!
Economic welfare gains were estimated using Mobile@Ovum forecasts. The volume of wireless mobile voice calls is expected to grow by over 200% while prices will drop by nearly 50% over the next five years. Consumer surplus from wireless voice services will therefore increase to $263 billion per annum by 2010 ($106 billion per annum above the 2004 surplus). By 2015 the consumer surplus might reach upward of $300 billion per annum. With the decrease in price, there will be more takers, and the volume of consumption will increase.
On the supply side, the US wireless telecom industry contributed $92 billion US GDP in 2004, including 3.6 million jobs and government revenues of $63 billion. The US wireless telecom industry average growth has been higher than 15% per year the last five years and shows little sign of slowing. If this continues the supply side effects listed above should increase by 50% or more over the next 5 years and to perhaps double over the next decade.
The above forecasts undoubtedly recognise the fact that wireless technology is going to see great innovativeness and growth over the coming decade. It has made great impact in developing countries such as China and India, and the trend will continue in the great developed economies of the U. S and UK.
This is conservative because one of the key assumptions it is based on is that no additional services (beyond those available today) will be developed. The following points are paraphrased from the Entner et al. (2005) report: In 2004, use of wireless applications was in its infancy. Total economic benefits showed a mediocre $8. 5 billion per annum. However, productivity gains from these applications will begin to show results, and was expected to grow to $63 billion per annum by 2010 and an astronomical figure close to $86 billion by blackberry swot analysis, ten times the growth registered in 2004!
Economic welfare gains were estimated using Mobile@Ovum forecasts. The volume of wireless mobile voice calls is expected to grow by over 200% while prices will drop by nearly 50% over the next five years. Consumer surplus from wireless voice services will therefore increase to $263 billion per annum by 2010 ($106 billion per annum above the 2004 surplus). By 2015 the consumer surplus might reach upward of $300 billion per annum. With the decrease in price, there will be more takers, and the volume of consumption will increase.
On the supply side, the US wireless telecom industry contributed $92 billion US GDP in 2004, including 3.6 million jobs and government revenues of $63 billion. The US wireless telecom industry average growth has been higher than 15% per year the last five years and shows little sign of slowing. If this continues the supply side effects listed above should increase by 50% or more over the next 5 years and to perhaps double over the next decade.
The above forecasts undoubtedly recognise the fact that wireless technology is going to see great innovativeness and growth over the coming decade. It has made great impact in developing countries such as China and India, and the trend will continue in the great developed economies of the U. S and UK.
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