Trends & Developments in Nigeria Telecommunication Market
Nigeria Telecom Sector Analysis
The Nigerian Government has realized the importance of ICT as a viable platform to transform the country’s economy into a knowledge based economy. The telecom sector is presently undergoing speedy transformation on account of explosive growth and rapid infrastructure development. The liberalization of telecom sector along with increased competition among players have brought substantial benefits to consumers in terms of lower subscription rates and enhanced choice. ( http://www.bharatbook.com/detail.asp?id=128445&rt=Nigeria-Telecom-Sector-Analysis.html )
According to our research “Nigeria Telecom Sector Analysis”, the country has a huge potential to boost its mobile market given the fact that penetration rate was just around 43% at the end of 2008. With rapidly improving mobile infrastructure and intense competition among mobile operators, the number of mobile subscribers will grow at a CAGR of around 15.5% between 2010 and 2012 and the penetration rate will exceed 75% (by 2012 end). In line with the escalating education and business in the country, the demand for Internet services will soar as businesses need new mediums to get exposure on the global map. Supported by forward-looking government programs, Nigeria is all set to become one of the leading Internet markets in Africa in terms of users, international bandwidth and services offered. Our research report projects that the number of Internet users will grow at a CAGR of over 25% during forecast period.
Our report provides an in-depth analysis of the telecommunication market in Nigeria, with focus on trends currently dominating the market. It also comprises of industry forecast for different telecom segments based on realistic telecom industry environment in Nigeria. These include telecommunication industry, fixed-line, mobile subscribers, Internet subscribers, and broadband subscribers. Moreover, the report presents comprehensive information together with unbiased analysis of current and potential outlook of various emerging technologies such as 3G and WiMAX. Besides, the forces that are fueling growth in the Nigerian telecom sector have been discussed elaborately. The report gives an overview of competitive landscape in which leading industry players have been covered along with their marketing strategies.
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