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Young Professionals Drive the European Mobile Market Forward to 2012 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report providing a comprehensive forecast of the European mobile market
Young Professionals Drive the European Mobile Market Forward to 2012

 

NewswireToday - /newswire/ - London, United Kingdom, 2008/10/23 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report providing a comprehensive forecast of the European mobile market.

   
 
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Report Buyer, has added a new report providing a comprehensive forecast of the European mobile market.

The report “European Mobile Market Scenario to 2012” highlights that the total mobile subscriber base in the European region is anticipated to grow at a compound annual growth rate (CAGR) of nearly 2.35% from 2008 to 2012, and shows that most prolific purchasers of mobile phones in the region are the young, urban professionals. As a result, 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 ring-tones, send multimedia messages and access the Internet.

This healthy market for upgraded and technologically-advanced mobile phones amongst these prime consumers of young professionals constitutes a large part of the potential consumers across the European continent, indicating an encouraging outlook for the mobile phone market in Europe. The report looks at trends across multiple territories including Bulgaria, Denmark, Finland, France, Ireland, the Netherlands, Poland, Turkey, the UK, Czech Republic, Germany, Hungary, Italy, Russia, Spain and Ukraine.

In addition, the report identifies the rapidly expanding 3G subscriber base as another area of great interest, and it is anticipated that the 3G consumers’ current reticence to use available services will be broken down in the near future because operators are creating more innovative and consumer-friendly business models and pricing strategies. Moreover, regulatory checks on interconnection and roaming tariffs is also expected to boost the mobile use during the forecast period.
 
Other key findings include:
The total mobile subscription in Europe reached 753.5 Million by the end of December 2007 at a CAGR of nearly 17.6% during the period 2002-2007.
In terms of subscriber base, the largest market in Europe is Russia with a share of 22%. In comparison, Ireland forms the smallest market with approx 0.7% share in 2006.
Mobile collaboration is emerging as a big time phenomenon in Europe, thus driving the while mobile industry within the region.

“European Mobile Market Scenario to 2012” is available from Report Buyer. For more information, see website.

Report Buyer product ID: RCS00424

About Report Buyer
Report Buyer is a UK-based independent online store supplying business information. The website now carries over 85,000 business information products, including market reports, studies, books and events. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.

 
 
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Young Professionals Drive the European Mobile Market Forward to 2012

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