Spain's total market revenue will grow at a CAGR of 2.7% in the 2009-2014 period to reach a cumulative euro 181 billion ($257 billion), surpassing the growth for Germany and the Netherlands over the next five years, according to a new report from Pyramid Research.
As Spain recovers from the economic recession, its communications market will also recover, as its total market revenue will grow through 2014, notes Stela Bokun, analyst at Pyramid Research and author of this report. "While the market has reached high saturation levels in some segments, the uptake of new services such as data cards, M2M, IPTV and VoIP will speed up the pace of its growth during the 2009-2014 period, comparable to that of France while exceeding that of Germany and the Netherlands," says Bokun.
"The mobile data market will be particularly attractive both in terms of the volume of the revenue it will generate and revenue growth," says Bokun. "The main drivers behind this wireless data explosion will be the uptake of data cards, as well as M2M services, which will see a multifold expansion in usage particularly in the area of automotive telemetry. In the fixed access market, broadband-based services will see a noteworthy expansion as operators begin investing more in new access technologies, such as fiber optics, which will provide higher Internet speeds, as well as increased quality of service (QoS) and diversification of service offerings," adds Bokun.
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