| Japan Corporate News Network |
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| Chinese Telecom Market to Replace Japan as Top in Asia |
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Hong Kong, July 30, 2009 (JCN) - According to the latest report from Pyramid Research, China's telecoms market is expected to outpace Japan's by 2011 taking the top position in Asia. The Chinese market is expected to generate US$187 billion by 2014. Given the continued demand for connectivity and rising adoption of mobile and fixed broadband services, the Chinese market should increase at a compounded annual growth rate of 8.8 percent between 2009 and 2014.
The report stated that China, like many emerging markets, is becoming an increasingly mobile market, adding 71.2 million mobile subscriptions in 2008, roughly 12 percent of all additions worldwide and second only to India's 113.3 million net additions. Mobile service revenue growth will be supported by a penetration increase from 58 percent at year-end 2009 to 80 percent at year-end 2014.
Pyramid expects mobile services to account for more than 76 percent of total services revenue in China by 2014. According to the study, the mobile industry will experience healthy growth in 2009 despite the declining rate of growth in the economy. This may be due to the roll out of 3G networks and extended coverage to rural areas.
Copyright © 2010 JCN. All rights reserved. A division of Japan Corporate News Network KK.
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