The telecom services revenue in Ghana is estimated to grow at a CAGR of 5.4% during 2016 – 2021, according to a new report from Research & Markets.
The increase will be primarily driven by growth in mobile data revenue, although mobile voice will be the largest revenue-contributing segment until 2019. 2G will be the most adopted mobile technology through to 2021, but its share in overall mobile subscriber base will decline over the forecast period 2016 – 2021, owing to rising adoption of 3G and 4G services over the coming years.
Mobile data will be the fastest-growing segment in the telecom market and is estimated to grow at a CAGR of 16.3% during 2016-2021, primarily driven by operators’ investments in 3G and 4G network coverage and attractive data bundles offered by operators.
The top two operators, MTN Ghana and Vodafone Ghana, will account for 76.7% share of overall service revenue in 2016, owing to strong 3G and 4G network coverage. Competition will likely intensify further as operators focus on competitive pricing plans and service innovation to further increase their market share.
Going forward, operators will look to invest in 3G/4G network upgrades, extending coverage and fibre optic network deployments to improve and extend broadband connectivity in the country. This will provide significant opportunities for vendors and investors.
Source:developingtelecoms.com
