Skip to main content

Prospective market

In such a prospective market, the major Chinese fixed-line and mobile business houses have invested approximately 25 billion American dollars on network infrastructure in the past year alone, considerably more than the whole of Western Europe put together. This goes to show the market potential in China and is amply illustrated by the 1. 3 billion fixed-line and mobile connections in operation there.



Only one out of ten Chinese citizens had a phone five years ago. Today, this figure has more than multiplied and more than one out of three have a fixed telephone subscription and more than 1.25 million cellular subscribers signing up every week. It is estimated that in another five years, this figure will jump vertically to reach a figure of 950 million fixed and mobile subscriptions, thrice the population of the United States (Uria-Recio, 2004). China’s economic growth has created a greater boon for the telecommunication market here. It is forecast that by 2010, there would be over 600 million cell phone users in mainland China alone and this figure is expected to jump further.

The Ministry of Information Industry said the number of users in 2007 is expected to reach a mind-boggling 520 million pieces, up from 460 million in 2006. Liberalization has fueled the telecommunication revolution in this country and the ministry is having said that the number of Chinese using the internet will cross 200 million, accounting for 15% of the country's population (China Economic Review, 2006). Since the industrial revolution the long term business cycle has seen a marked change.

With competition and demand came the gradual introduction of new technologies to the market as shown in figure 2 below. Figure 2 shows the trend of technological advances since the industrial revolution The above figure gives a brief illustration of how and when technological advances took place within the industry and again the trend set by retail selling. Fig. 10 of Figure 2 shows the developments that took place between 1789-2000 in the technology development, and the development of retail business between 1800 and beyond 2000. Telephone and wireless technology evolved sometime during 1900-1930s.

Considering the time that it took to reach such a point in 2007, the technological advances have been rather short-lived and gradual. Considering the competition and developments taking place today, telecommunication is bound to go places in the coming years. Such a situation will only make the industry more attractive to investment and development. Analogically, employment opportunities will arise and GDP will increase. WIN (Wireless Information Network) helps build applications that save companies significant amounts of money, like in the case of AA, where incidences of recalls to its call centre reduced by 80 per cent.

Volantis is helping FT, Egg, Norwich Union, Interflora, and Ladbrokes create fully functional mobile versions of their services. Many of the watch 50 listed companies have impressive track records, serving companies such as Microsoft, CSC, Lucent, Symbian and Tiscali. They have helped build profitable organisations with good track records in delivery and execution. Opera Telecom, the biggest aggregators in the UK, reported revenues of ? 99m in 2004, with a ? 6m profit.

Soruce: http://businessays.net

Comments

Popular posts from this blog

UK and international businesses

Most of these firms are well qualified to support UK and international businesses. As GSM access expands, a potential export market emerges. The UK mobile industry has reached a critical level, a level from where not just technology, but innovation that can maximise employment and applications is much sought after. Some of the major players offer applications such as PC-to-text services to enhance faster and clearer information between managers and their workforce. Many offer features that can support live financial services that let people manage their bank accounts or insurance policies, or to share trades securely from mobile devices.