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10 Mar 2009 14:19 Africa/Lagos
Nigeria is Now Africa's Biggest Mobile Telecom Market, Pyramid Research Reports
CAMBRIDGE, Mass., March 10 /PRNewswire/ -- With more than 61 million subscribers, Nigeria has now surpassed South Africa as the largest mobile telecom market in Africa, and continued growth over the next five years is expected to trigger more intense competition among a growing number of network operators, according to a new report from Pyramid Research (www.pyr.com), the telecom research arm of the Light Reading Communications Network (www.lightreading.com).
"Communications Markets in Nigeria" offers a complete analysis of the country's converged telecommunications, media, and technology sectors based on exclusive and proprietary data from Pyramid's research in the Nigerian market. The 28-page report provides detailed competitive analysis of both the fixed and mobile sectors, tracks the market shares of technologies and services, and monitors the introduction and spread of new technologies such as WiMax, IPTV, and VoIP. The study offers a detailed forecast of the Nigerian communications market by analyzing key trends, evaluating near-term opportunities, and assessing upcoming risks factors.
Download an excerpt of this report here:
http://www.pyramidresearch.com/downloads.htm?id=18&sc=PRCIR031009_NIG
The Nigerian telecom market grew by 23 percent (in US dollar value) in 2008, generated $8.4 billion in overall telecom service revenues, notes Yejide Onabule, analyst at Pyramid Research and author of the report. "With mobile subscriber penetration at just 42 percent, Nigeria's total telecom revenue is expected to increase at a CAGR of 5.7 percent from US$8.42 billion in 2008 to $11.14 billion in 2013," Onabule says.
Since liberalization of the market in 2003, Nigeria's telecom industry has experienced exceptional growth rates, which is attracting new operators. "The bulk of service revenue will continue to come from mobile, which will generate 83 percent of total service revenue over the next five years," Onabule adds.
"Suppliers of mobile network technologies are likely to benefit from more aggressive rollouts of mobile voice and data services, and demand for CDMA and GSM base stations is expected to remain strong over the next several years."
"Communications Markets in Nigeria" is part of Pyramid Research's Africa and Middle East Country Intelligence Report Series. Pyramid Research's premium Country Intelligence Reports are the industry's best available analysis on market trends, regulatory environments, and competitive dynamics for 60 countries worldwide.
Download an excerpt of this new report here:
http://www.pyramidresearch.com/downloads.htm?id=18&sc=PRCIR031009_NIG
"Communications Markets in Nigeria" is priced at $990 and can be purchased online here
http://www.pyramidresearch.com/store/CIRNIGERIA.htm?sc=PRCIR031009_NIG or through Dave Williams via email at dave.williams@pyr.com or telephone at +1 858-485-8870.
For more information about Pyramid Research's products and services, please visit www.pyr.com or contact us at info@pyr.com.
About Pyramid Research
Pyramid Research (http://www.pyr.com/) offers practical solutions to the complex demands our clients face in the telecommunications, media, and technology industries. Our analysis is uniquely positioned at the intersection of emerging markets, emerging technologies, and emerging business models, powered by the bottom-up methodology of our market forecasts for over 100 countries - a distinction that has remained unmatched for over 25 years. As the telecom research arm of the Light Reading Communications Network, Pyramid Research works with Heavy Reading, providing the communications industry's most comprehensive market data, trusted research, and insightful technology analysis.
About Light Reading
Founded in 2000, Light Reading (http://www.lightreading.com/) is the leading online media, research, and focused event company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading's research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, Ethernet Expo New York and Ethernet Expo London, The Tower Summit @ CTIA, and Optical Expo, as well as focused one-day events tailored for cable, mobile, and wireline executives. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.
About TechWeb
TechWeb (http://techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events, Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street & Technology magazines. TechWeb also provides end-to-end services including next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
*13.3 million business decision-makers: based on number of monthly connections About United
About United Business Media Limited (http://www.unitedbusinessmedia.com/)
United Business Media Limited (UBM) is a global media and marketing services company that informs markets and brings the world's buyers and sellers together at events, online, in print, and with the information they need to do business successfully. UBM serves professional and commercial communities, from IT professionals to doctors, from journalists to jewelry dealers, from farmers to pharmacists around the world. UBM employs more than 6,500 people in more than 30 countries. UBM's businesses operating in the US include CMPMedica, Commonwealth Business Media, Everything Channel, PR Newswire, RISI, TechInsights, TechWeb and Think Services. UBM is listed on the London Stock Exchange (UBM.L) and has a market capitalization of $2.5 billion.
Press Contact:
Jennifer Baker
+1 617 871-1910
jbaker@pyr.com
Source: Pyramid Research
CONTACT: Jennifer Baker, +1-617-871-1910, jbaker@pyr.com
Web Site: http://www.pyr.com/
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