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Telecom spending to reach $99 bln in 2004, $121 bln in 2007

According to the 2004 Telecommunications Market Review and Forecast from the Telecommunications Industry Association (TIA), enterprise telecommunications equipment spending in the US will grow from a current $94 billion to over $99 billion by the end of this year. The TIA expects enterprise telecom equipment spending to grow by a compound annual growth rate (CAGR) of 6.

According to the 2004 Telecommunications Market Review and Forecast from the Telecommunications Industry Association (TIA), enterprise telecommunications equipment spending in the US will grow from a current $94 billion to over $99 billion by the end of this year. The TIA expects enterprise telecom equipment spending to grow by a compound annual growth rate (CAGR) of 6.7% between this year and 2007, surpassing $121 billion by the end of 2007.