Home Tech News ‘Sub-Saharan Africa’s telecoms market is fastest-growing in the world’

‘Sub-Saharan Africa’s telecoms market is fastest-growing in the world’

‘Sub-Saharan Africa’s telecoms market is fastest-growing in the world’
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The telecoms market in Sub-Saharan Africa (SSA) is growing faster than that of any other region in the world, according to a new report by Analysys Mason, a telecoms market research firm.

According to the report titled “Sub-Saharan Africa telecoms market: trends and forecasts 2013–2018,” the telecoms service revenue in the SSA market will increase at a 6% Cumulative Average Growth Rate (CAGR) during 2013 to 2018 (mobile at 6.7% and fixed at 1.0%), rising from $49 billion in 2013 to more than $65 billion in 2018. The SSA market accounted for only 2.9% of worldwide telecoms revenue in 2013, increasing to 3.6% by 2018.

Mpho Moyo, Analysys Mason’s regional analyst says “SSA’s telecoms market is growing faster than that of any other region, and will increase its share of worldwide telecoms revenue over the next 5 years, although this will still remain small compared with other regions.”

According to the report, telecoms revenue in SSA will continue to be dominated by mobile services, which accounted for 86.5% of telecoms revenue in 2013 and will contribute an even higher 89.4% in 2018. Mobile voice and handset data revenue will together deliver 90% of the total telecoms revenue growth in the region in the next five years.

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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

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