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CSR Press Release

African Mobile Telecom Market is Growing at a Rate of 21%, Driving Economic Development of the Continent

Submitted by: Manifest Mind, LLC

Categories: Research, Reports & Publications, Sustainability

Posted: Aug 27, 2013 – 09:00 AM EST

 

BOULDER, Colo., Aug. 27 /CSRwire/ - The mobile telecommunications industry is driving economic growth and enabling the development of a higher and safer standard of living in Africa. The continent is poised to be the next global success story; the African mobile telecom market will grow from a combined value of over US$60 billion in 2013 to a value in 2020 of almost US$234 billion, with a compound annual growth rate (CAGR) of 21.27%. Mobile Network Operators will generate the largest portion of this revenue throughout the forecast period, followed by mobile distributors and retailers. Application developers and content providers will also benefit.

“Africa is a market which is largely misunderstood due to cultural and social issues. While African countries include half of the top 10 fastest-growing economies in the world, it is a very challenging marketplace to penetrate,” says Carol L. Stimmel, founder of Manifest Mind, LLC. “With hundreds of millions of connected mobile phones, opportunities exist to use this technology to improve sustainability outcomes for the environment, the economy, and for African society. Mobile technology is the key to this transformation.”

Manifest Mind, LLC, the sustainability research and consulting company based in Boulder, Colorado has released a new study entitled, The Mobile Telecommunications Market in Africa: Market Dynamics and Challenges, Unique Innovations, Sustainability Issues, and African Telecom Market Forecasts. This study explores the emerging opportunities in Africa related to mobile infrastructure, technologies and applications with a special focus on sustainability. The authors provide a real-world analysis and forecast for the African market describing the role that mobile telecommunications plays in these emerging economies, the growth of the market and the likely winning approaches for vendors, financiers and development organizations striving to understand the African context of telecommunications.

The study is available for purchase now from the Manifest Mind website. Further information, including a complete report summary and list of figures is available. A free infographic is also available on the site for download. Analyst interviews may be arranged by emailing info@manifestmind.com.

For more information, please contact:

Phone: 303-625-9833

 

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