Life is good in the international communications industry--if you're Skype, that is. And everyone else? Not so much, according to data by research firm TeleGeography.
TeleGeography says that international telephone traffic has slowed way down, halting a trend that's been in place for a quarter of a century. In the past 25 years, international call volume from telephones enjoyed a compounded annual growth rate of 15 percent. And while traffic is still on the rise, it's slowed to just 8 percent, growing from 376 billion minutes in 2008 to about 406 billion minutes in 2009.
"Demand for international voice has been remarkably robust, but it's clearly not recession-proof," said TeleGeography analyst Stephan Beckert.
Meanwhile, Skype's international traffic is booming and remains ahead of the curve, having jumped 51 percent in 2008 and is projected to grow 63 percent in 2009, to 54 billion minutes, TeleGeography said.
"The volume of traffic routed via Skype is tremendous," Beckert added. "Skype is now the largest provider of cross-border communications in the world, by far."