Africa Telecom Towers And Allied Market Size

Statistics for the 2023 & 2024 Africa Telecom Towers And Allied market size, created by Mordor Intelligence™ Industry Reports. Africa Telecom Towers And Allied size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Africa Telecom Towers And Allied Industry

Single User License
Team License
Corporate License
Book before:
Africa Telecom Towers And Allied Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Volume (2024) 208.31 Thousand units
Market Volume (2029) 261.21 Thousand units
CAGR (2024 - 2029) 4.63 %
Market Concentration Medium

Major Players

Africa Telecom Towers And Allied Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Africa Telecom Towers Market Analysis

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 telecom tower industry has drastically evolved over the past decade. The core towerco proposition and business models have been successfully adapted to match the demands of new markets in Africa. Many towercos are anticipated to hunker down in their core building business over the forecast period, buying and leasing vertical real estate, and such towercos may still see plenty of 5G antenna overlaid onto their towers.
  • As per the Nigerian Communications Commission, as of January 2021, the number of third and fourth-generation telecom towers deployed in Nigeria has grown by 73.2%. Also, global tower companies are expanding their presence in the region, through strategic collaborations, due to the growing number of opportunities presented.
  • The emergence of KaiOS and its partnerships with operators across Africa is helping overcome the affordability barrier for low-income users. The free resources offered, such as the 'Life' app, also help new users develop digital skills and understand how the internet can be relevant. Such initiatives are expected to boost internet penetration in these countries significantly.
  • Several initiatives by telecom operators and other organizations, especially in low and middle-income countries, are expected to spur growth in the rural areas as the residents of these areas gain increased access to internet connectivity.
  • Furthermore, with businesses going mobile and adopting new concepts, like BYOD, to increase employee interaction and ease of use, it has become essential to provide a high-speed and quality network. The organizations have been looking forward to adopting BYOD aggressively in their operations, fueling the market growth over the forecast period. Furthermore, development in cloud-based services for mobile users and the roll-out of 4G LTE services worldwide have increased the investment into networks by carriers, which drives the demand for telecom towers.
  • The increasing emphasis on improving internet connectivity to rural areas is one of the major factors stimulating the deployment and improvisation of the telecom infrastructure in these areas, thereby aiding the market's growth. Smartphone penetration, raising awareness, increasing penetration of digital technologies, and investments from several organizations and governments have been increasing the adoption of internet connections in the region.

Africa Telecom Towers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)