The telecommunications industry is identified as a major driver of global economic recovery. An unprecedented growth of high-speed mobile Internet traffic, particularly for wireless data and video, has transformed this industry into the most evolving, inventive, and keenly contested industry. In addition, emergence of mobile broadband technology has created several new service areas, which potentially offers huge growth potential. This includes IPTV, collaboration and cloud computing, videoconferencing, and mobile payment to name a few. Several industry researchers estimated that the market size of the global telecommunications industry may reach $1.8 trillion – $2 trillion in the next three years. The U.S. telecommunications industry will hold the largest share of it. Structure The telecommunications industry encompasses a lot of technology-related businesses. Besides the legacy local and long-distance wireline phone services, the
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