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A new study has shown how the networking and telecommunications industries are expected to see growth over the coming years.
The report from Infonetics Research found that telecom and datacom equipment revenue worldwide totalled $153.8 billion in 2009, down 5.2 per cent from 2008.
However, by 2014 it is expected to grow to $208.3 billion, returning the industry to health in the wake of the recession.
Jeff Wilson, principal analyst at Infonetics Research, said: "Businesses and service providers around the globe are starting to spend again on telecom and datacom equipment and software in 2010, and indications right now are that spending will accelerate through 2011 as the global economy stabilises.
"Long-term growth in telecom product spending through 2014 will be fuelled by a wide variety of segments, from data centre infrastructure and security in the enterprise, to broadband CPE and next generation OSS and policy software on the service provider side."
One particular area of spending over the next few years is expected to be on making data centres greener and more energy-efficient.
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Last Updated: 11/08/2010 16:36
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