Revenues from mobile broadband are set to explode over the next five years, as the number of mobile broadband users climbs to two billion, according to research firm Ovum.
Ovum's latest report on mobile broadband adoption predicts that mobile broadband revenues will grow to $137 billion (£94 billion) in 2014, an increase of roughly 450 percent from their total in 2008.
The major driver behind this growth will be an explosion in mobile broadband adoption, as total mobile broadband users - which Ovum defines as users of either 3G or 4G mobile data technologies - are expected to grow by over 1,000 percent over the next five years.
Ovum says the majority of growth in mobile data services will come from the adoption of 3G and 4G handsets, as the firm estimates that the number of mobile broadband handset users will grow from 158 million in 2008 to nearly 1.8 billion in 2014. An additional 258 million users will connect to mobile broadband services through laptops within the next five years, the firm says.
Key drivers for the growth in mobile broadband will come from big developing countries such as India and China, where Ovum says that a lack of fixed line access will drive millions of people to seek mobile web access. In China, for instance, Ovum predicts that there will be 325 million mobile broadband handset subscribers and 52.5 million mobile broadband laptop subscribers.