Noida, UP -- (SBWIRE) -- 10/26/2010 -- With a population of around 150 Million stretching over around 1 Million Sq Km, Nigeria provides a sufficient large base for a number of businesses (small or big) to thrive. The Nigerian broadband market holds immense potential to expand both in terms of number of subscribers and revenue. According to our research report “Nigeria Telecom Sector Analysis”, number of broadband subscribers is expected to grow at a CAGR of over 20% during 2010 - 2013. Favorable regulatory environment and intense competition among private players would fuel growth in this segment.
We have found that Nigeria has been developing its broadband sector so as to speed up the developments in various industries of the economy. The development of broadband infrastructure is vital for the economic growth of the country as it offers long-term benefits in every aspect of life. Besides, rising awareness of the benefits offered by the IT products in the young population has given strong impetus to Nigeria’s broadband sector.
Our team of experts has also found that the prices for bandwidth and equipment are expected to fall nationwide, which will give boost to the Internet demand. Moreover, a number of service providers are now offering monthly rather than annual contracts, which are more appealing to the potential customers who are wary of being tied up with long contracts. As per our research, internet subscribers will also grow at a fast pace registering a CAGR of around 14% during 2010 - 2013. Infrastructure development, rising income level, and government support will drive the segment.
“Nigeria Telecom Sector Analysis” examines the future potential of telecommunication industry in Nigeria. The report studies overall telecom sector through mobile, fixed line, internet, and broadband potential. The report also studies various growth factors, government initiatives, regulatory framework, and recent developments to analyze the industry. The report also provides in depth information on various Key players in the market along with their business description.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.