NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/07/22 - Intense competitive environment and technical advancement will raise the number of mobile subscribers in Nigeria, says RNCOS in its latest report.
Nigeria is the largest mobile market in the African continent with the highest population of around 150 Million. The Nigerian mobile market holds immense potential both in terms of number of subscribers and revenue generation. According to our new research report “Africa Mobile Market Forecast to 2013”, the number of mobile subscribers is projected to grow at a CAGR of around 16% between 2010 and 2013, an addition of around 50 Million subscribers during the forecast period. Rising affordability, technical advancement, competitive environment and increasing middle class income level will push the mobile market in the coming years.
Our research has found that low penetration rate and intense competition among operators will result in the rapid growth of the Nigerian mobile market. Besides, the country’s mobile operators are preparing to launch Long Term Evolution in order to benefit from the niche created by untapped market. According to our research, the country will be one of the most lucrative markets for mobile phone operators and manufacturers in the coming years. The report further states that the mobile penetration in Nigeria will cross 80% by 2013.
Our team of experts has also found that Tanzania will be the second fastest growing country in terms of number of mobile subscribers during the forecast period. The number of mobile subscribers is projected to grow at a CAGR of around 15% during 2010-2013. Stable political environment, intense competition and increasing penetration of mobile money services will drive the mobile industry.
The report provides information of the mobile market trends in Africa along with rational analysis of future potential. The report thoroughly examines nine African countries including Algeria, Tanzania, Egypt, Kenya, Morocco, Nigeria, South Africa, Zambia and Tunisia. The report presents complete information about the mobile markets in these countries with focus on future development.
“Africa Mobile Market Forecast to 2013” evaluates the prevailing trends and provides valuable information about mobile operators and handset manufacturers in Africa. Our report also studies strength and weakness of major mobile service providers and handset manufacturers. The report reflects the true picture of the African mobile market to help our clients making prudent investment decision.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.