Telecom services revenue in Mali is estimated to grow at a CAGR of 7.5% during 2016-2021, driven by growth in fixed broadband and mobile data revenue. Mobile voice will continue to remain the largest revenue-contributing segment through 2021.
Albany, NY -- (SBWIRE) -- 02/09/2017 -- In recent years, the expanding sector of telecommunication has created an extremely remarkable position worldwide. According to a new study, titled "Growth Analysis of Telecom Market in Mali Covering Mobile Data and Value-Added Services", the overall telecom service revenue in Mali is all set to expand rapidly at a CAGR of 7.5% during the forecast period of 2016 to 2021. This study has been recently placed in the vast portfolio of Market Research Hub's report offerings. It is basically a new country intelligence report which offers an executive level overview and current scenario of the telecommunications market in Mali.
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In common with many other countries in the region, Mali has engaged to mobile networks for better voice and data services. But, the main challenging part in Africa is getting all the bandwidth that is available into the country and there are a lot of structural problems building out the network. But, the government has taken a decision to reform the telecommunications sector with a view of further expansion. The report starts by defining the competitiveness of the market along with the regional context of service evolution, competitive landscape, demand profile and the list of major market players operating in the telecommunication market of the specified region.
It is very well known that internet and communication medium is one of the basic needs for customers globally. Therefore, several mobile operators are improving their services and offering better telecommunication and internet facilities for the users. In this study, the market has been segmented on the basis of two major value-added services, including:
- Mobile services
- Fixed services
Mobile services include broadband, mobile money, mobile data and mobile voice. Among these, currently, the mobile voice will continue to remain the largest revenue contributing segment through 2021. Also, by the growing internet users in the region, mobile data with 2G connectivity will be the fastest-growing segment of the telecom market which is estimated to grow at a CAGR of 18.1% during 2016-2021.
According to the key findings, at present, the expansion of the leading two operators, such as Orange Mali and Malitel, will account for 100.0% share of overall service revenue in 2016. It is also expected that the entry of a fourth mobile operator and MVNO will further intensify the competition in the telecom market.
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Moreover, the report provides the detailed analysis of the near-term opportunities, competitive dynamics and evolution in the coming years. It has been analyzed by the study that, operators are planning to invest in 3G network expansion, infrastructure development and fiber optic deployments to increase internet connectivity even better. In the coming years, adoption of 3G and 4G services may hinder a huge decline in 2G services.
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