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© Copyright Ovum 2004 www.ovum.com Impact of the Wireless Telecom Industry on the US Economy Roger Entner Vice President Wireless Telecom Ovum firstname.lastname@example.org 617.722.4654
© Copyright Ovum 2004 2 How does the Wireless Industry benefit the US Economy
© Copyright Ovum 2004 3 Impact of Wireless Services on the US Economy Wireless Services will provide a major stimulus to the US economy over the next 10 years of more than $617 billions in productivity savings from data and additional $750 billion consumer surplus from voice use and $450 billion GDP contribution from a bigger industry. All amounts in billions of dollars N.B.: The benefits flow to US businesses and consumers as a whole. We are not discussing the increase in revenue of the wireless industry. To put this in context: The size of the Bush Tax Cut over 10 years is $670 billion The size of the Estate Tax Repeal over the 10 years will be $297 billion
© Copyright Ovum 2004 4 Annual Productivity Benefit from Wireless Data Application are Growing to more than $80 billion In 2004 wireless data services only contributed $8 billion in productivity benefits to the US economy – roughly the size of Bahrain. By 2015 these benefits have grown to more than $80 billion per year, which is approximately as big as the economy of Chile or the Philippines. All amounts in billions of dollars All benefits are actually savings companies are reaping from reduced time – not from increases in sales. We used the $12.68 a tree trimmer earns per hour, not the $25+ that a company charges for the time to calculate the benefit
© Copyright Ovum 2004 5 Components of Future Economic Benefit The two major components that will drive the future economic benefit are: More Efficient Management and Documentation Heath Care Efficiency Enhancements Followed by still sizable benefits in: Field Service Automation Inventory Loss Reduction Field Sales
© Copyright Ovum 2004 6 GDP Impact of $92 billion in 2004
© Copyright Ovum 2004 7 A consumer surplus of $157 billion – almost all from wireless voice Consumer surplus measures how much US businesses and consumers are prepared to pay in excess of what they pay Consumer surplus from use of wireless services was running at $157 billion at end 2004 Almost all of this surplus is associated with voice We expect this surplus to grow: To $260 bn by 2010 as Voice volumes treble Prices halve To over $300 bn by 2015
© Copyright Ovum 2004 www.ovum.com Level 3More details on supply side effects © Copyright Ovum 2004 www.ovum.com
© Copyright Ovum 2004 9 US Wireless Industry Value Chain
© Copyright Ovum 2004 10 GDP Contribution of Wireless in Comparison with other Industries
© Copyright Ovum 2004 11 3.6 million US Jobs Depend on the Wireless Industry
© Copyright Ovum 2004 12 $63 billion in Government Revenue are Generated by the Wireless Industry $14.6 billion in federal, state, and local sales and transaction taxes and surcharges on wireless services; $0.9 billion in sales taxes on handset purchases; $9.0 billion in employer-paid social security payments; $9.0 billion in employee-paid social security payments; $26.5 billion in income tax from workers dependent on the wireless services industry; $2.6 billion in contributions to federal and state Universal Service funds.
Level 3Thank you very much! © Copyright Ovum 2004 www.ovum.com
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