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Looking under the telecommunications industry for the sale of mobile products, I have come to analyze that the average worldwide
telecommunications revenue totaled $2.1 trillion in 2004, up 9.4 percent from 2003. Also stated in the 2005 Telecommunications
Market Review and Forecast, The U.S. market accounted for $785 billion, while other regions spent a combined $1.4 trillion.
Between the years of 2004-2008, the U.S. telecommunications industry will grow at a projected 9.5 percent compound annual
rate, rising to $1.1 trillion. (http://www.tiaonline.org/media/mrf.cfm)
It is estimated that in the US alone, that about 9,000 companies provide telecommunications' services, with total annual
revenues exceeding over $400 billion. Among these companies are the top, large companies that dominate the industry such as
AT&T, Verizon, SBC, MCI, and Comcast. Smaller companies will provide local services. The telecommunications industry includes
2,500 wire line carriers. Their annual revenues stand at approximately $250 billion. It also includes 1,200 wireless companies
which bring in a total of $100 billion in revenues; 2,000 cable companies coming next with $60 billion in annual profits and
finally satellite companies and telecommunications' resellers (each with revenues not documented). There are 50 well known
companies that dominate the telecommunications industry and through those 50, largest 90 percent of the market is held.
The economic conditions across the US affect the demand for telecommunications and services by consumers and businesses.
In order for a company to maximize profit, its main goal is to rely heavily on the volume of consumers. This is so, due to
the markets high fixed costs. Large companies hold a huge chunk of the economy by providing a 'highly automated'; service
to a large quantity of customers. Smaller companies will have a rough time competing with large companies, but they can survive
in a small market if they provide specific services and products. As a result, my company will do best if it's in the small
markets and it is worth investing my time and money in this business. (http://www.firstsearch.com/Industry-Research/Telecommunication-Services.html)
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