Gross domestic production in Organization for Economic Co-operation and Development (OECD) countries fell 2.1 percent in the first quarter of 2009 — the largest decline since records began in 1960. Our forecast assumes that countries already in a recession will come out of recession by late 2009 or in early 2010.
Yet, global telecommunication service revenue is growing despite the economic impact in most developed countries. In Western Europe, where GDP is forecasted to be down 4.5 percent, telecom revenues are only expected to decline 3 percent from 2008 to 2009.
Central and Latin America is forecasted to grow at 13 percent CAGR. The region of Asia Pacific is forecasted to grow at 11 percent CAGR over the five year period. Software segments which will outperform the overall software market include real time convergent charging, telecom application servers, service quality management, subscriber data management, self care, and middleware associated with SOA and Web services. (See Figure 1.)
