The e-statement market in North America is emerging as one of the fastest-growing presentment markets with average annual growth rates
ranging almost 50% through 2005," says Michael Killen, president of Killen & Associates.
Mobile services - which have now achieved an average 100% penetration rate in Europe, and generate over 50% of the sector's revenues - may have to content themselves with average annual growth rates
of only 3% to 4%, so not enough to compensate for the ongoing decline of fixed telephony revenues.
Since FMI's inception in 1981, it has evolved from an incentive marketing company, to a consultancy/agency, to a technology-focused marketing services provider with three-year average annual growth rates
of 50% and over 150 employees.
Average annual growth rates
over the past five years, from 1992-97, are even more staggering, with product category growth estimated at 42% overall.
News accomplished the rankings by examining the financial records of more than 4,600 public corporations between 1991 and 1994 including average annual growth rates
for sales and net income and average return on equity.
These results suggest average annual growth rates
for the three-year period 2004 through 2006 totaled 2.