US Wi-Fi market on the rise
Total spending in the US on Wi-Fi will grow in 2004 by 7.6% for a total of $144.7 billion, and spending last year totaled $134.5 billion, up 7.9% from 2002, says a new report.
A TIA (Telecommunications Industry Association) Market Review and Forecast predicts the wireless market will reach $190.8 billion by 2007, with a 9.1% compound annual growth rate from 2004 to 2007.
Wi-Fi technologies represent a small but rapidly growing component of the wireless communications services, it says, going on that spending on Wi-Fi services is expected to increase from $48 million in 2004 to $270 million in 2007.
"The availability of free Wi-Fi services and the use of the technology as a promotion for other services or bundled with other services will limit the potential for Wi-Fi as a stand-alone revenue generator," it states, adding:
"Nevertheless, Wi-Fi applications, growing at a 17.4 percent compound annual growth rate, are propelling the equipment market."
