Angola Telecom Market Size (2024 - 2029)

Angola Telecom Market Analysis

The Angola Telecom Market is expected to register a CAGR of 1.97% during the forecast period.

• The telecom market in Angola is anticipated to expand primarily due to the country's growing urban population and the widespread use of cell phones offering 3G, 4G, and 5G services. Further, the Internet of Things (IoT), which connects with wired and wireless internet, is predicted to be used more in the telecom industry throughout the forecast period, supporting the market's expected growth during the forecast period.
• According to GSMA Intelligence, as of the fourth quarter of 2023, Angola had registered approximately 29 million mobile connections, excluding IoT. This figure represented a substantial increase from 15.5 million in 2020, which reflected a continuous upward trend observed since 2016. Mobile connections corresponded to 78.4% of Angola's total population in 2023.
• Ookla’s data indicated that fixed internet connection speeds in Angola had increased by 4.74 Mbps in the 12 months to the start of 2024, marking a 31.8% rise over the same period. Such a considerable rise in mobile connections is creating lucrative opportunities for the market studied to grow.
• The initiatives taken by the government to enhance telecommunications in the country would provide opportunities for robust growth in the market. For instance, The National Institute for the Promotion of the Information Society (INFOSI) announced that the Angolan government had planned to establish 50 new free internet access points across the country by October 2023. This initiative aimed to target underserved regions, intending to provide students with easier access to online academic resources and foster the exchange of information.
• Furthermore, Angola emerged as Africa's digital gateway, with an increasing number of American and European firms leveraging subsea cables, data centers, and local networks to enhance their digital presence. These investments further expanded their reach within Angola. In 2023, Angola witnessed a notable increase in foreign direct investments, totaling USD 3.8 billion, as reported by the country's Private Investment and Export Promotion Agency (AIPEX). Of this, investments from US companies alone increased by USD 1.2 billion. This surge in investor confidence was primarily attributed to the Angolan government's initiatives.
• Several factors are propelling competition in the Angolan telecom market. For example, the increasing demand for telecom services, including voice and data services, has also forced companies in the market to constantly expand their networks and services to meet the growing demand from consumers. Price is also a significant factor propelling competition in the Angolan telecom industry. Customers are increasingly price-sensitive, and companies constantly strive to offer more affordable services to attract and retain customers.

Angola Telecom Industry Segmentation

Telecom or telecommunication is the long-range transmission of information by electromagnetic means. The Angolan telecom market includes an in-depth trend analysis based on connectivity, such as fixed networks, mobile networks, and telecom towers. Telecom services are divided into voice services (wired and wireless), data and messaging services, and OTT and PayTV services. Several factors, including the increasing demand for 5G, will likely drive the adoption of telecom services across Angola over the coming years.

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.