NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2008/07/08 - The European mobile market is anticipated to grow at a CAGR of 2.35% by 2012 due to rising mobile penetration among youth, integration of new features and wide adoption of 3G.
RNCOS has come up with its new research report, “European Mobile Market Scenario to 2012”, which highlights that the total mobile subscriber base in the European region is anticipated to grow at a CAGR of nearly 2.35% from 2008 to 2012.
The report says that the most prolific purchasers of mobile phones in the region are the youths, urban and relatively wealthy people. As a result, the mobile penetration among the European consumers aged between 12 and 24 reached 84% in 2006. These young consumers have a great appetite for upgraded and technologically-advanced mobile phones as they want to utilize their innovative features to download music, change ringtones, send multimedia messages, access Internet, and so on.
According to the report, the prime consumers of upgraded and technologically-advanced mobile phones is the young generation that constitutes a large part of the potential consumers across the European continent, indicating towards an encouraging outlook for the mobile phone market in Europe.
In addition, the report identifies rapidly expanding 3G subscriber base as another area of great interest, and it is anticipated that the 3G consumers’ reticence to use the available services will be opened in future because operators are creating more innovative and consumer-friendly business models and pricing strategies. Moreover, regulatory check on interconnection and roaming tariffs is also expected to boost the mobile use during the forecasted period.
A comprehensive and objective analysis, “European Mobile Market Scenario to 2012” gives first-hand overview on the rapidly expanding mobile market in Europe. It also studies the impact of technology on the mobile phone market and gives the future direction of key segments of the market.
The report also helps clients with detailed data to identify the leading-edge opportunities for the growth of mobile market in Europe. It also gives critical analysis coupled with statistical facts and helps handset manufacturers, service providers and investors to navigate through the evolving mobile handsets market in the continent. The report provides forecast on various segments of the European mobile phone industry, such as mobile subscriber penetration, mobile subscriber base, mobile TV market and mobile gaming revenue by region.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.