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Nairaland Forum / Science/Technology / Phones / Nigeria Internet Access Revenue To Hit $4.4b (4752 Views)
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Nigeria Internet Access Revenue To Hit $4.4b by Nobody: 2:24pm On Jul 03, 2017 |
PricewaterhouseCoopers (PwC) has projected that Internet access revenues in Nigeria will rise by a Compound Annual Growth Rate (CAGR) of 16.2% to reach $4.4 billion in 2021. This is contained in PwC Global Entertainment and Media Outlook 2017-2021 report. The report disclosed that mobile Internet revenues will increase by a CAGR of 16.8 per cent amounting to $4.3 billion, accounting for 96.6% of total Internet access revenues in the time frame under review. According to the PwC report, while Nigeria will be the world’s fastest-growing Entertainment & Media (E&M) market over period under review, the slowest-growing will be Japan, growing at a 1.7% CAGR. Consumers in mature markets such as North America, and Europe, and wealthier Asia-Pacific markets spend a lot more than $500 per capita annually on entertainment and media; growth rates are relatively slow in these areas. In contrast, less developed economies feature much lower per capita spending and faster growth albeit from a very low base less than $50 a year in many cases. The Global Entertainment and Media Outlook 2017-2021 document also revealed that mobile Internet subscriptions will increase to 85.1 million over the forecast period, a penetration rate of 40.1 per cent. The penetration of mobile Internet connections on high-speed services will rise by 29.6 percentage points to nearly 35 per cent in 2021. Fixed broadband is not widely available and where it is, the cost is often prohibitive. The majority of subscriptions are via fixed-wireless networks, with LTE-based services replacing WiMAX as the leading fixed-wireless technology. Fixed broadband penetration is very low and will rise from 2.2 per cent in 2016 to 3.3 per cent in 2021 with 89.3 per cent of subscriptions on low-speed services at the end of 2021. Recall that in September 2016, and recently, the Nigerian Communications Commission (NCC) announced it would begin a process to select 5 infrastructure companies (infracos) to build and operate open-access fibre broadband networks in five zones. This process, the telecoms regulator says will begin in July; and the project will be funded by government subsidies. The first two concessions for Lagos State (MainOne) and the North Central Zone (IConnect, a subsidiary of IHS) were awarded in January 2015. The new 5 infracos to be licensed would be for the North-East, North-West, South-South, South-East and South-West zones of the country. The NCC first published a consultation paper on the open-access network in November 2013. For related articles, Kindly visit : https://brandspurng.com/2017/07/ SOURCE: https://brandspurng.com/nigeria-internet-access-revenue-to-hit-4-4b/
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Re: Nigeria Internet Access Revenue To Hit $4.4b by Nobody: 3:29pm On Jul 03, 2017 |
like seriously... |
Re: Nigeria Internet Access Revenue To Hit $4.4b by froz(m): 5:49pm On Jul 03, 2017 |
This Land is not for SAIL |
Re: Nigeria Internet Access Revenue To Hit $4.4b by Nobody: 7:42am On Jul 06, 2017 |
ok |
Re: Nigeria Internet Access Revenue To Hit $4.4b by Towncrier007(m): 7:44am On Jul 06, 2017 |
. |
Re: Nigeria Internet Access Revenue To Hit $4.4b by Nobody: 12:30am On Jul 08, 2017 |
The guy above me :oThe guy above me |
Re: Nigeria Internet Access Revenue To Hit $4.4b by directonpc(m): 1:18am On Jul 08, 2017 |
Summary? |
Re: Nigeria Internet Access Revenue To Hit $4.4b by tidedroid: 10:23am On Jul 08, 2017 |
froz:but we can swim sha 3 Likes |
Re: Nigeria Internet Access Revenue To Hit $4.4b by froz(m): 4:12am On Jul 10, 2017 |
ok |
Re: Nigeria Internet Access Revenue To Hit $4.4b by gwmlogistic: 7:28am On Jul 10, 2017 |
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Re: Nigeria Internet Access Revenue To Hit $4.4b by Nobody: 7:28am On Jul 10, 2017 |
As MTN stop that 100% bonus, life don dey hard me for the 2k own wey I dey manage. |
Re: Nigeria Internet Access Revenue To Hit $4.4b by jericco1(m): 7:33am On Jul 10, 2017 |
The volume of Data should be increase. At least |
Re: Nigeria Internet Access Revenue To Hit $4.4b by maximunimpact(m): 7:33am On Jul 10, 2017 |
This web-economy have a very bright future in Nigeria, those who invest in it now are tomorrows billionaires |
Re: Nigeria Internet Access Revenue To Hit $4.4b by Rikidony(m): 7:35am On Jul 10, 2017 |
BIAFRA OR DEAD |
Re: Nigeria Internet Access Revenue To Hit $4.4b by admindim: 7:44am On Jul 10, 2017 |
wow when I go get my own share too |
Re: Nigeria Internet Access Revenue To Hit $4.4b by safiaapussy: 7:45am On Jul 10, 2017 |
G |
Re: Nigeria Internet Access Revenue To Hit $4.4b by partnerbiz4: 7:49am On Jul 10, 2017 |
Okay ooo. I see it coming... |
Re: Nigeria Internet Access Revenue To Hit $4.4b by BiafranYouths(m): 7:52am On Jul 10, 2017 |
Online taxation loading 1 Like |
Re: Nigeria Internet Access Revenue To Hit $4.4b by pepemendy(m): 8:08am On Jul 10, 2017 |
So we should kick bucket? |
Re: Nigeria Internet Access Revenue To Hit $4.4b by Arewa12: 8:21am On Jul 10, 2017 |
Hmm like seriously |
Re: Nigeria Internet Access Revenue To Hit $4.4b by kingrt2(m): 8:26am On Jul 10, 2017 |
And its still as slow as f...k Read signature |
Re: Nigeria Internet Access Revenue To Hit $4.4b by persius555(m): 8:31am On Jul 10, 2017 |
Broadband Internet is still prohibitive and scarcely available in Nigeria. The telcos are swallowing more than they can chew, with very limited infrastructure investment. |
Re: Nigeria Internet Access Revenue To Hit $4.4b by EvilMetahuman: 8:34am On Jul 10, 2017 |
Movingcoil:altogether or just your sim? |
Re: Nigeria Internet Access Revenue To Hit $4.4b by Prexblog(m): 8:39am On Jul 10, 2017 |
When we are here activating Free 6000naira from Glo network |
Re: Nigeria Internet Access Revenue To Hit $4.4b by newslifeop: 9:21am On Jul 10, 2017 |
Good |
Re: Nigeria Internet Access Revenue To Hit $4.4b by coconat(m): 9:27am On Jul 10, 2017 |
[/b]PLS HOW DO I INVEST IN IT? I NEED UR ADVICE N AM SERIOUS ABT IT THANKS. maximunimpact: [b]This web-economy have a very bright future in Nigeria, those who invest in it now are tomorrows billionaires |
Re: Nigeria Internet Access Revenue To Hit $4.4b by seunny4lif(m): 9:52am On Jul 10, 2017 |
froz:
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Re: Nigeria Internet Access Revenue To Hit $4.4b by toyo4souls(m): 10:01am On Jul 10, 2017 |
coconat: Investing in a business like this involves huge capital I.e providing internet services. I believe there are some loopholes for us with small capital and still earn money. Hit me up I have a plan. Toyo4souls@gmail.com |
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