Nigeria Telecommunication Services Market Summary, Competitive Analysis and Forecast to 2027
Summary
Telecommunication Services in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The telecommunication services market is defined as the total volume and value of both the fixed line and the wireless telecommunications market. The market volume here is defined as the number of fixed-line and wireless subscriptions.
- The Nigerian telecommunication services market had total revenues of $7.0 billion in 2022, representing a compound annual growth rate (CAGR) of 3.2% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 7.4% between 2017 and 2022, to reach a total of 264.3 million total subscriptions in 2022.
- Nigeria’s share of the global telecommunication services market stood at 0.5% in 2022. The growth in 2022 is attributed to the growing proportion of internet users and the increasing mobile subscriber penetration rate.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the telecommunication services market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the telecommunication services market in Nigeria
- Leading company profiles reveal details of key telecommunication services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria telecommunication services market with five year forecasts
- What was the size of the Nigeria telecommunication services market by value in 2022?
- What will be the size of the Nigeria telecommunication services market in 2027?
- What factors are affecting the strength of competition in the Nigeria telecommunication services market?
- How has the market performed over the last five years?
- Who are the top competitors in Nigeria's telecommunication services market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the recent developments in the telecommunication services market?
- 8 Company Profiles
- 8.1. MTN Nigeria Communications Plc
- 8.2. Airtel Nigeria
- 8.3. Globacom Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Nigeria telecommunication services market value: $ billion, 2017-22
- Table 2: Nigeria telecommunication services market volume: million Total Subscriptions, 2017-22
- Table 3: Nigeria telecommunication services market category segmentation: % share, by value, 2017-2022
- Table 4: Nigeria telecommunication services market category segmentation: $ billion, 2017-2022
- Table 5: Nigeria telecommunication services market geography segmentation: $ billion, 2022
- Table 6: Nigeria telecommunication services market value forecast: $ billion, 2022-27
- Table 7: Nigeria telecommunication services market volume forecast: million Total Subscriptions, 2022-27
- Table 8: MTN Nigeria Communications Plc: key facts
- Table 9: MTN Nigeria Communications Plc: Annual Financial Ratios
- Table 10: MTN Nigeria Communications Plc: Key Employees
- Table 11: MTN Nigeria Communications Plc: Key Employees Continued
- Table 12: Airtel Nigeria: key facts
- Table 13: Airtel Nigeria: Key Employees
- Table 14: Globacom Ltd: key facts
- Table 15: Globacom Ltd: Key Employees
- Table 16: Nigeria size of population (million), 2018-22
- Table 17: Nigeria gdp (constant 2005 prices, $ billion), 2018-22
- Table 18: Nigeria gdp (current prices, $ billion), 2018-22
- Table 19: Nigeria inflation, 2018-22
- Table 20: Nigeria consumer price index (absolute), 2018-22
- Table 21: Nigeria exchange rate, 2018-22
- List of Figures
- Figure 1: Nigeria telecommunication services market value: $ billion, 2017-22
- Figure 2: Nigeria telecommunication services market volume: million Total Subscriptions, 2017-22
- Figure 3: Nigeria telecommunication services market category segmentation: $ billion, 2017-2022
- Figure 4: Nigeria telecommunication services market geography segmentation: % share, by value, 2022
- Figure 5: Nigeria telecommunication services market value forecast: $ billion, 2022-27
- Figure 6: Nigeria telecommunication services market volume forecast: million Total Subscriptions, 2022-27
- Figure 7: Forces driving competition in the telecommunication services market in Nigeria, 2022
- Figure 8: Drivers of buyer power in the telecommunication services market in Nigeria, 2022
- Figure 9: Drivers of supplier power in the telecommunication services market in Nigeria, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the telecommunication services market in Nigeria, 2022
- Figure 11: Factors influencing the threat of substitutes in the telecommunication services market in Nigeria, 2022
- Figure 12: Drivers of degree of rivalry in the telecommunication services market in Nigeria, 2022
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