Telecom spending to reach $165.2 bln by 2009

From 2004 to 2009 spending on telecommunications services will grow the fastest within the wholesale industry, followed by retail, healthcare, and financial services, according to IDC. Combined, these four vertical markets will comprise nearly 28.4% of the total spending on telecommunications services by 2009. Alone, the wholesale industry will account for 7.5% of the total market spend on telecommunications services by 2009, at $12.4 bln, with a five-year CAGR of 8.3%. Overall spending on telecommunications services is expected to exceed $165.2 bln by 2009, from the $154.4 bln spent in 2004, a CAGR of 1.4%.