Goldman Sachs’ investment research arm expects a coming boom in wireless data consumption fueled by 4G wireless services and the rise of mobile tablet computers.
Goldman projects that wireless data traffic will account for the majority of traffic sent over wireless networks as measured by minutes of use equivalents starting next year. From there, Goldman says wireless data usage will surge by more than six-fold by the year 2020 even as wireless voice usage will remain essentially the same. In terms of revenues, Goldman expects wireless data to generate nearly triple over the next two years, shooting up to $205 billion by the end of 2012.
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