By Technology Times Reporter
Lagos. April 18, 2013: Nigeria and other key emerging markets in the Asian region will drive the next phase of telecoms growth expected to peak at about 9.2 billion subscribers by 2015, according to a new report which sees the fixed broadband as key growth segment.
Fixed broadband is yet to take off in Nigeria but market watchers reckon that with growing fibre optic cable network investments and several regulatory reforms underway to drive growth in that segment, the local market is poised for additional telecoms growth in the next few years.
The total number of global subscribers is forecast to grow at a compound annual growth rate exceeding 5 per cent estimated at 9.2 billion users by the end of 2015, the new research report “World Telecom Services – State-of-the-Art” by IDATE Consulting & Research has predicted.
In 2010, the worldwide telecoms services market generated revenues exceeding $1.5 trillion, representing year-on-year growth of nearly 4.5 per cent the report notes in indicators pointing at developments in the market.
The numbers showing growth in the global market show that at the end of the same year, the overall number of Internet, fixed and mobile subscribers crossed 7.2 billion. In 2011, the North America accounted for above 34 per cent share of the revenues of the world telecoms services industry. In 2012, the global telecoms services market climbed to $2.1 trillion.
It notes further that the world telecoms services market is poised to grow at a compound annual growth rate of approximately 5 per cent to exceed $2.65 trillion by 2017.
Meanwhile, fixed broadband is predicted to be the fastest growing market segment; it is expected to increase at a compound annual growth rate of over 6.5 per cent through 2015.
The total number of global subscribers is forecast to grow at a compound annual growth rate of more than 5 per cent to be estimated at 9.2 billion in the end of 2015. Emerging markets of Nigeria, South Africa and the Asian region, among others are likely to see the largest growth in the offing, the report predicts.