Global telecommunications industry services revenue will reach $1.7 trillion by the close of 2008, with continued strong growth in wireless leading the way, says a new market analysis report from The Insight Research Corporation.

According to the new industry market study, overall telecommunications services revenues are expected to grow at a compounded rate of nearly 10.3 percent over the next few years, reaching $2.7 trillion by 2013. Wireless makes the strongest showing across all sectors while wire line follows a distant second.

Nearly all of the growth in both sectors is expected to occur in broadband services, with wireless broadband service revenues expected to grow at a compounded rate of more than 70 percent over the forecast period, while wire line broadband services grow at under 10 percent over the same forecast horizon.

"The telecommunications industry is growing, and broadband networking that will be deployed to facilitate new service offers is leading the way," says Insight president Robert Rosenberg.