Press release
Cameroon Telecom Market To Reach US$1.9 Bn By 2020, Increasing Demand For 3G Network To Drive Market
MarketResearchReports.biz has recently announced the addition of a new market study, titled “Cameroon: 3G and 4G Rollout to Drive the Telecom Market”, to its repository, offering a comprehensive overview of the telecom market in Cameroon. It presents a detailed analysis of the prevailing as well as approaching trends in the Cameroon telecom market, pointing out the key telecom market practices in the country.The research report estimates the telecom market in Cameroon to rise at a healthy CAGR of 11.0% during the period from 2015 and 2020 and reach a value of reach US$1.9 bn by the end of the forecast period. Analysts project this market to reach US$1.1bn by 2015.
The growth rate of the Cameroon telecom market has been compared in this report with that exhibited by other countries in the Middle East and Africa including Cote dIvoire at a CAGR of 9.60%, DRC at a 9.20% CAGR, and Uganda at an 8.6% CAGR during the forecast period. The statistical data obtained by experts clearly shows Cameroon to be way ahead of them.
The growth of the Cameroon telecom market is likely to be driven by mobile voice and mobile data, ensuring the dominance of the mobile segment over the forecast period. The segment is projected to witness a rise in its share in the overall service revenue from 80.6% in 2015 to 86.1% by the end of 2020, states the market study.
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Creolink, Ringo, CamTel, MTN Cameroon, Vodacom, Viettel Cameroon, Matrix Telecom, Saconets, YooMee, and Orange are the major telecom operators in Cameroon, mentioned in this research report.
According to the report, the expansion of their respective 3G network is the latest trend among operators. Service providers are investing heavily to improve of their quality of services and the expansion of their network coverage area owing to the increased competition among them. The expected introduction of mobile number portability (MNP) service in the next five years is likely to intensify the competition.
MTN Cameroon and Orange are the leading operators in the Cameroon telecom market at present. Both the operators, collectively, have been anticipated to contribute a share of 75.4% in the overall service revenue generated in this market till the end of 2015 owing to the introduction of their 3G network services says the research report.
The latest as well as the imminent 3G launches are expected to open an opportunity-rich market for telecom operators in this country. The increasing demand for Internet data is also projected to aid the growth of this market during the forecast period, states the market study.
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