According to the Telecommunications Industry Association (TIA) (www.tiaonline.org) demand for applications will drive growth in the equipment and services markets.
According to the Telecommunications Industry Association's (TIA) (www.tiaonline.org) findings of the 2001 MultiMedia Telecommunications Market Review and Forecast, demand for applications will drive growth in the equipment and services markets. The overall U.S. telecommunications market (equipment and services) grew by 12.5 percent in 2000, generating revenues of $609.2 billion. Continued demand for bandwidth to facilitate high-speed Internet access, Voice-over-Internet Protocol (VoIP), convergence, and high-level applications will drive the equipment market, offsetting anticipated declines in wireless infrastructure spending and a slowdown in spending on voice communications equipment.
