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Monday, November 6, 2023

Africa Entertainment and Telecommunication Market Share, Size, Report, Forecast 2024-2032

Africa Entertainment and Telecommunication Market Outlook

According to a new report by Expert Market Research titled, “Africa Entertainment and Telecommunication Market Share, Size, Trends, Growth, Analysis, Report and Forecast 2024-2032″, Africa entertainment & telecommunication market is projected to grow at a CAGR of 5.5% between 2024 and 2032. Aided by increasing smartphone ownership and growing accessibility to high-speed internet, the market is expected to grow significantly by 2032.

Entertainment in Africa, characterised by a rich tapestry of music, film, and digital content, is experiencing a renaissance, driven by local creativity and the rapid influx of technology. Nollywood, Nigeria’s film industry, is a testament to this growth, emerging as the second largest film industry in the world in terms of output. Concurrently, telecommunication, the bedrock of digital connectivity, has become pivotal, with mobile penetration surging and internet adoption growing exponentially.

Africa Entertainment and Telecommunication Market

The ongoing digital transformation in Africa is undeniably contributing to the Africa entertainment and telecommunication market growth. With the proliferation of smartphones and affordable data, more Africans are accessing digital entertainment platforms, streaming music, and watching online content. Platforms like Boomplay, which focus on African music and artists, highlight the blend of local content and digital distribution, capturing a vast audience.

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Furthermore, the blossoming trend of consuming content on-the-go has significantly amplified the Africa entertainment and telecommunication market demand. Consequently, global giants like Netflix and Spotify are making inroads, tailoring their content and pricing strategies to cater to the African demographic.

On the telecommunication frontier, Africa presents a unique narrative. In regions where traditional broadband infrastructure is scarce, mobile connectivity has bridged the divide. Mobile money services, such as Kenya’s M-Pesa, have revolutionised banking, commerce, and even healthcare services, underscoring the profound impact of telecommunication on the continent’s socio-economic fabric.

As per the Africa entertainment and telecommunication market analysis, the youth demographic, forming a significant portion of Africa’s population, is pivotal to the growth trajectory of both sectors. This dynamic segment is tech-savvy, consumes a vast amount of digital content, and is at the forefront of adopting new telecommunication technologies. Their influence has spurred innovations, especially in localised content creation, gaming, and digital music platforms, further amplifying the market growth.

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The vastness of Africa entertainment and telecommunication market brings about diverse applications. For instance, telecommunication isn’t just limited to mobile communication. It plays an instrumental role in broadcasting, directly impacting the entertainment industry. Satellite and digital television providers, such as MultiChoice’s DStv and GOtv, have expanded their footprint, offering a mix of local and international content, thus enhancing the viewing experience for African audiences.

Furthermore, while mobile penetration is high, the digital divide persists, particularly in rural areas. Bridging this gap requires significant investment, not just in infrastructure but also in digital literacy programs. Cybersecurity threats, particularly in the telecommunication domain, also warrant attention, necessitating robust solutions to ensure user trust and data integrity.

Africa Entertainment and Telecommunication Market Segmentation

The market can be divided based on platform and country.

Market Breakup by Platform

  • PC
  • Smartphone
  • Tablets
  • Gaming Console
  • Downloaded/Box PC
  • Browser PC

Market Breakup by country

  • South Africa
  • Egypt
  • Nigeria
  • Kenya
  • Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Africa entertainment and telecommunication market. Some of the major players explored in the report by Expert Market Research are as follows:

  • MultiChoice Group
  • MTN Group
  • Sony Corporation
  • Safaricom Plc
  • Airtel Africa
  • StarTimes Group
  • Vodacom Group Limited
  • Econet Wireless Zimbabwe Limited
  • Zambia Telecommunications Company Limited (Zamtel)
  • Pledge51 Ltd (ChopUp)
  • Cell C
  • Others

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