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Pyramid Research says U.S. Telecom market will reach $406 billion in 2014
Updated: Thursday, September 3rd, 2009
The telecommunications market may offer rewarding business career
opportunities in the next few years as consultancy firm Pyramid Research predicts the U.S. market is on course to be worth $406 billion.
The U.S. communications market generated $359 billion in revenues last year, and the growth predicted by 2014 represents another 2.5 percent increase.
"Most of the growth will be attributed to mobile data and IP networks," says Dan Locke, senior analyst at Pyramid Research and author of the report.
"Mobile data is already larger than fixed broadband and it will surpass fixed voice in 2011, climbing from $36 billion in 2008 to $94 billion in 2014," he adds.
If this analysis is correct, this may be a good time to think about pursuing an MBA program - perhaps specializing in telecommunications - to boost one's chances of securing a high-paying job in this dynamic industry.
The Bureau of Labor Statistics says demand for business managers will grow by 13 percent during the decade of 2006-2016, with top salaries exceeding $145,600 a year.
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