The Africa Telecom Towers And Allied Market size in terms of installed base is expected to grow from 208.31 Thousand units in 2024 to 261.21 Thousand units by 2029, at a CAGR of 4.63% during the forecast period (2024-2029).
With the outbreak of COVID-19, the telecom industry has witnessed a significant increase in demand for internet services due to a major chunk of the population staying at home and remote working conditions. The increase in people working from home has led to an increase in demand for downloading, online video viewing, and communication through video conferencing, all of which are leading to increased network traffic and data usage.
The African telecom and allied market is moderately competitive and has many global and regional players. These players account for a considerable market share and focus on expanding their client base globally. These players focus on research and development activities, strategic alliances, agreements, and other organic & inorganic growth strategies to stay in the market landscape over the forecast period. Some of the major players in the market are IHS Towers (IHS Holdings Ltd), Helios Towers PLC, American Tower Corporation, Eskom Holdings Limited, etc.
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