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Australia telecommunications market accounted for 2% of GDP in 2010

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Telecommunications in Australia: ISIC 642 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-02 05:57:01
The telecommunications industry is strategically important for Australia, constituting 2% of GDP. Its size is at the top quartile in the world and is almost twice the size of the telecommunications industries of the US and the UK.

However, even more important is the strategic role, since the population covers a very large area, with distance often a barrier to communication. Restricted access to telecommunications can be harmful in terms of accessing health facilities and other services.

The total market size grew by 7% annually on average over 2000-2010, with booming 9% growth over the last three years. The A$55 billion market is mainly supported by corporate clients, with a more than 61% share, and slight increases are still to taking place. Households account for around 38% of the market, with a very small and diminishing remainder left for government purchases.

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