- Total African telecoms market to grow by >USD40 billion by 2013
- Low service penetration rates will allow for growth beyond five year period
As growth in the global telecoms service markets slows, Africa will be the one region which will see double-digit average annual growth rates over the next five years, according to TeleGeography's GlobalComms Insight. Spurred on primarily by a doubling of its wireless subscriber base, the total African market will grow by well over USD40 billion by 2013. At that point it will still have by far the lowest service penetration rates compared to other regions, indicating the opportunity for continued strong growth over subsequent years. Of course growth will remain in check by under-developed economies and widespread poverty among large sections of the population, a result of which is an ARPU level that will continue to lag way behind the rest of the world. Nonetheless Africa represents a strong business growth opportunity for many service providers.
TeleGeography's newest product - GlobalComms Insight - includes subscriber forecasts for wireless, broadband and fixed line markets in Africa on a country-by-country basis, as well as full analysis of the growth in market value, service penetration rates and ARPU. GlobalComms Insight provides comprehensive market forecasts and forward-looking analysis to help clients track market trends and to identify new opportunities.