The analyst firm has attributed the growth in the US market to an increase in mobile broadband, pay-TV and fixed broadband. This, it says, will offset the declining fixed circuit-switched market.
Looking ahead, Pyramid Research has forecasted that the market will continue to grow at a 3.1% CAGR between 2011 and 2016, eventually reaching $443 billion. Mobile data is expected to be the largest contributor to this growth, with a projected 12.7% CAGR between 2011 and 2016.
The continued adoption of smartphones as well as a growth in the M2M market is expected to help drive mobile data. The development of LTE will also help mobile networks support the growth.
