Increasing Adoption of 4G Network to Encourage Growth of Telecom Market in Myanmar


Published Date : May 29, 2017

ALBANY, New York, May 29, 2017: A new market research study has recently been added by MarketResearchReports.biz to its vast repository of research reports. The 30-page research study, titled “Myanmar: 4G Investment and New Market Entrants to Boost Burgeoning Telecoms Market,” offers a detailed overview of the market. The growth prospects of the telecom market in Myanmar and the major challenges faced by the key players have been addressed in the research report. In addition, the key segmentation, technological advancements, product portfolio, and the competitive landscape of the market have been included in the scope of the research study. 

According to the research study, in 2016, the telecom market in Myanmar was worth US$3.1 bn. The market is expected to exhibit a healthy 4.0% CAGR between 2016 and 2021. The robust growth of the market can be attributed to the promising rise in the fixed data and mobile revenues. In the next few years, the key operators in the market are expected to focus on planning to invest in the enhancement of the network infrastructure and expand their 4G services. These factors are estimated to accelerate the growth of the telecom market in Myanmar in the next few years. In addition, the vendor are anticipated to have several growth opportunities to support 4G rollout initiatives by the leading operators. 

The mobile revenues is estimated to account for a share of 94.9% of the overall telecom market by the end of 2021 and the segment is likely to register a strong growth throughout the forecast period. In the next few years, 3G is expected to remain the most used mobile technology and the number of mobile subscribers is predicted to rise significantly. Furthermore, the rising adoption and acceptance of 4G network in Myanmar is expected to offer promising and lucrative growth opportunities for the key operators in the telecom market over the next few years. 

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The increasing investments in the telecom sector by the leading operators is another major factor projected to encourage the growth of the telecom market in Myanmar in the next few years. The expected rise in the number of players and the increasing competition are estimated to accelerate the growth of the overall market in the near future. 

Furthermore, the research study presents insights into the competitive landscape of the telecom market in Myanmar. A list of the leading players operating in the market has been included in order to provide a strong understanding of the market. The company profiles, product portfolio, technological developments, and the SWOT reports of the leading players have been provided in the research study. In addition to this, the key policies and strategies that are being adopted by the players in order to attract a large number of consumers have been mentioned in the scope of the study. 

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