
Top 10 Wireless Solutions Companies | March 18, 2008
Last year, Branham reported a very successful year for the Top 10 wireless solutions companies, which were able to generate a combined $3.01 billion in revenues in 2006. The Top 10 Canadian Wireless Solutions companies made a repeat performance in 2007, with $3.92 billion in combined revenues. This Top 10 group has experienced revenue growth of 30.04 per cent compared to last year’s group. This year’s companies exhibited a combined 45.76 per cent growth year over year. The top player in this sub-category, RIM, accounts for 76.58 per cent of the revenues generated by the top 10 firms. As such, it is appropriate to analyze this group excluding this firm. The remaining nine companies exhibited growth of 41.81 per cent — with $917.5 million in 2007 and $647 million in 2006. Average revenues in 2007 for these nine firms were $101.95 million.
Sierra Wireless, the number two ranked company on this year’s list, realized the highest revenue growth over the past 12 months of the firms listed in the Top 10. It generated growth of 94.01 per cent. Five companies in the Top 10 saw revenue growth greater than 20 per cent in the past 12 months. The landscape of the wireless sector in Canada will change in the coming year. With the anticipation of all-in-one devices such as Apple’s iPhone and the announcement of newly available spectrum for new entrants, competition and innovation in terms of xSP, software and hardware in this field will increase.
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