Internet of Things become America’s Fastest Revenue Growing Department of Telecommunications Industry


According to foreign media reports, it is predicted by the Telecommunications Industry Association (TIA) in the annual report on Monday that U.S telecommunication expenditure will reach 1.2560 trillion, and in 2014 re-growth of 6.8%. In 2012, telecom expenditures grew 6.2% year on year.

Telecommunications Industry Association recently said that the U.S telecommunications revenues in 2013 increased by 7.1%, including cloud computing, machine-to-machine wireless services and network security as the fastest growing sectors.
The TIA said, the high costs of operators’ cloud computing, machine-to-machine Wireless service and network security will offset the impact of the slowdown of traditional wire line service.
TIA predicts that by 2013, the U.S market for cloud service will grow by 19% to $56 billion.
The report said, Amazon web service is currently the largest cloud service provider.
The report also indicated that nearly 200 government agencies use AWS, while Amazon’s Elastic Compute Cloud, or EC2 is becoming a huge storage server. Report also refer to other open cloud service providers include Citrix Systems, Inc., Rackspace and Red Hat.
The report shows that Google in June 2012 launched the open source cloud services, and Microsoft launched Windows azure.
Telecommunications Industry Association predicted that in 2013, the machine-to-machine services will grow by 45% to $7.4 billion. Network security will be increased by 14.4% to $39.5billion.
Report states: “Machine-to-machine market, leading the way, in the next four years, the average annual growth rate will be 57.32%, in consolidated cloud services during this period combine average growth rate of 57.2% in consolidated cloud services during this period combine average growth rate of about 16.3%, compared with 20.5% in 2012, a high point decreased; while network security spending growth will remain stable: 19.1% in 2012 compared to 2013 and 2016 combined average growth rate of 18.8% and 18.6% – Consolidated annual growth rate of 19.2% .”
Published by FiberStore, industry News –

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