Nigeria Telecom Market Scenario Investigated by Pyramid Research in Its Topical Report Recently Published at MarketPublishers.com07 Apr 2016 • by Natalie Aster
LONDON – In 2015, revenues generated by the telecom industry in Nigeria reached USD 7.9 billion, registering a 17% YoY decrease. However, the decline in the overall country’s market is explained by devaluation of the Nigeria naira. In local currency, revenues of the Nigerian telecom industry witnessed a 2.1% YoY increase in 2015 and amounted to NGN 1.5 trillion.
In 2015, the mobile voice services segment contributed the largest share (70%) to the total revenues of the domestic telecom industry. However, in the short-term perspective, the Nigerian telecom industry is likely to post a 2.0% CAGR in dollar terms (and an 8.3% CAGR in local currency terms), and by 2020 is predicted to reach USD 8.7 billion (and NGN 2.3 trillion in local currency). The country’s market growth is anticipated to be driven primarily by remarkable growth in mobile data revenue, which is expected to see a 12.6% CAGR in the next 5 years and in 2020 will likely come to USD 3.1 billion and will command a 35.5% share of the Nigerian telecom industry.
MTN Nigeria, the dominant company in the Nigerian telecom market, is likely to maintain its leading position in terms of mobile subscriptions and revenues through 2020. Though, due to a strong price competition, intensifying pressure from other operators and escalating significant network expansion, the market share of MTN Nigeria is forecast to decrease.
Research report “Nigeria: Intensifying Price Competition and Further Frequency Spectrum Acquisitions to Drive Telecom Market” prepared by Pyramid Research offers a comprehensive overview of the Nigerian telecom market with detailed statistics and forecasts through 2020. The research study includes quantitative and qualitative information on the country’s telecom market performance, explores ongoing and future emerging opportunities and examines the main factors shaping the market. It sheds light on the market competition and reviews the performance of the leading market players.
Nigeria: Intensifying Price Competition and Further Frequency Spectrum Acquisitions to Drive Telecom Market
Published: March, 2016
Price: US$ 990.00
More research studies elaborated by this publisher can be found at Pyramid Research page.