Study Shows U.S. Economy Gets Major Boost from Wireless Broadband

CTIA-The Wireless Association® released a new study that reveals the massive positive impact wireless broadband technology is having on the United States economy. The independent report, commissioned by CTIA and prepared by analyst Roger Entner as a follow-up to a 2005 Ovum Report, projects the total value of wireless broadband and mobile voice services to exceed $427 billion by the year 2016, and additional benefits to the Gross Domestic Product of $860 billion over the next ten years.

While the 2005 Ovum Report, The Economic Impact of the U.S. Wireless Industry on the U.S. Economy , focused on the macroeconomic impact of the U.S. wireless industry, the newly released follow-up study focuses on the impact that the use and deployment of wireless broadband technology currently has, and is projected to have on the U.S. economy. The new analysis shows even greater productivity and efficiency gains than first reported, and was hailed by CTIA President and CEO Steve Largent as another clear indicator of the increasing importance of the wireless industry to the United States’ economic vitality.

“This study provides strong evidence that the wireless industry continues to be a major player in the U.S. economy and an important driver for growth,” said Largent. “At a time when America is in the midst of an economic pinch, more and more employers are turning to wireless broadband technology to help reduce costs, increase efficiency and productivity, and stay competitive in the marketplace.”