New research from In-Stat predicts that the global consumer telecommunications market will hit US$2 Trillion in 2012, driven in large part by wireless, broadband and pay TV sectors. While 60% of revenue will come from wireless, the broadband and par TV sectors will experience the strong average annual growth rate.

Fixed voice services will see its portion of overall consumer telecommunications revenue remain flat, while other sectors surpass it. According to In-Stat, pay TV services revenue will exceed that of fixed voice in 2008 and by 2012 broadband revenue will approach that from fixed voice. But despite the growth in broadband, the digital divide will still exist.

"The digital divide will continue to grow. By 2012 broadband penetration in developed countries will exceed 85%, while developing countries languish at less than 10% penetration," said Keith Nissen, the analyst who authored the report.