Press Release Summary: With declining broadband charges, rising penetration and improving network infrastructure, the Middle East broadband market is growing at the fastest pace worldwide.
Press Release Body: The Middle East saw the highest growth in the volume of Internet users among the major areas of the world during the last six years, as the number of people using the Web soared by more than 600%, three times higher than the global average increase, according to our new research report, “Middle East Broadband Forecast to 2010”.
The report says that the growth in broadband penetration has been tremendous across the region with a significant rise in household penetration among some more advanced Gulf States.
As per the report, rapidly falling broadband access charges and continuous efforts to upgrade the network infrastructure are the key reasons fostering impressive growth in the Middle East broadband market. As a result, the number of broadband subscribers increased by an estimated 48% in 2007 from 2006. The number of broadband subscribers is expected to surge at a CAGR of approx 50% during the period spanning from 2008 to 2010.
Israel dominated the Middle East broadband market with the highest number of broadband subscribers in 2007, followed by Saudi Arabia, Egypt and the UAE. Although the broadband market in the Middle East is undergoing significant developments, the matrix of subscribers at the country level is anticipated to change in near future.
Overall, the Middle East broadband market is poised to grow at rapid pace in the backdrop of positive economic outlook and increased market liberalization, says our report. The aggressive developments in the field of technology by the Gulf countries to change their image from “oil-rich” countries to “technologically-developed” nations has created huge opportunities for domestic as well as foreign players seeking to make way into these potential markets.
Our extensive report, “Middle East Broadband Forecast to 2010”, provides a rational analysis on the Middle Eastern broadband market. It segments the market by country to give complete overview of the market. Countries covered in this report include Israel, Egypt, Saudi Arabia, the UAE, Lebanon, Kuwait, Qatar, Jordan, Bahrain and Iran. This report provides information on the current and future scenario of the broadband market in these countries and thoroughly evaluates the factors vital for the success of the market in the region.
To better gauge the future success of the broadband market in the Middle East, this study provides forecast on Internet subscribers, penetration of Internet subscribers, broadband subscribers and penetration of broadband subscribers by region.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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