RNCOS Research - African Mobile Market Sprinting past its Western Cousins
Released on = May 19, 2006, 5:19 am
Press Release Author = RNCOS
Industry = Telecommunications
Press Release Summary = RNCOS Research: (http://www.marketsmonitor.com/category/IM033.html) The African mobile market is the fastest growing mobile market in the world. This mobile usage is due to increased demand, sectoral reforms, licensing and presence of strategic investors.
Press Release Body = RNCOS Research: (http://www.marketsmonitor.com/category/IM033.html) Africa is perhaps the fastest growing mobile market in the telecommunication industry worldwide. Current market statistics indicate that the continent's subscriber base grew by 65% in 2005 to touch a 115 million users mark. This trend in mobile telephones has substantially triggered access to telecommunications in Africa and has helped in substantial increment in the number of telecommunication users. The combination of factors responsible for the rise in mobile usage have been demand, sectoral reforms, the licensing of emerging competition, and the entry of major strategic investors such as Vodacom and MTN.
Leading experts from African Telecommunication industry voice that the industry's technology has combed out more widely into new areas, and it is necessary to examine the technology so that it can be utilized more efficiently to help narrow the digital divide.
The performance of the mobile market in Africa is quite surprising given that while in Western Europe it registered a growth of 12%, in Africa it was 65% during the same period.
In their recent market research report, "African Mobile Handset Market Analysis (2006-2009)" RNCOS, a bespoke market research organization, analysts forecast that the mobile penetration rate in this region is expected to increase to 33% from its present level of 15%.
The report provides an objective analysis on the growing global market for mobile handset industry, its technologies and impact on the market.
In a different section the report covers the economic background and number of operators in both sections - Mobile Device and Handset in the world market. These span for countries like Algeria, Egypt, Morocco, Kenya, Nigeria, South Africa and Zambia.
The market research report covers statistical data forecasting that the total mobile subscribers in the African continent would increase at a CAGR of approximately 21% during 2005-2010, and this would result to a total subscriber base of over 31 million by the end of 2010.
The report has detailed data covering all aspects of the mobile handset industry, which can be useful for manufacturers, service providers, and investors to carry forward the evolving market. It helps clients to analyze the leading-edge opportunities essential for the success of the market around the globe.
About RNCOS: RNCOS, formed in 2002, offers Market Research Reports via MarketsMonitor for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
To purchase your copy: http://www.marketsmonitor.com/category/IM033.html For more information about the report please visit www.marketsmonitor.com
Web Site = http://www.marketsmonitor.com
Contact Details = RNCOS Shushmul Maheshwari Head of Business Development 29, 1st Floor, Patparganj Industrial area, Delhi 92 91-11-4214-1229 info@rncos.com