Iraq: 3g Rollout to Drive Telecom Market Size, Growth and Forecast

Pyramid Research estimates that total telecom services revenue in Iraq will be $4.4bn in 2015. Over the next five years, we expect Iraq's total market revenue to grow at a CAGR of 3.1% to reach $5.1bn in 2020. The Iraqi market is smaller than other regional markets such as Saudi Arabia, Iran and Egypt, primarily due to ongoing civil unrest restricting development. Service revenue growth over the next five years will be driven primarily by mobile services, which will be buoyed by the launch of 3G services in 2015. However, growth will be hampered by security issues and a volatile domestic situation.

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Key Findings

- Pyramid Research expects total telecom revenue to grow at a CAGR of 3.1% during 2015-2020 to reach $5.1bn in 2020. Although growth will be hampered in the short term by the ongoing civil unrest in Iraq, the launch of 3G services will drive growth over the forecast period as demand for mobile data increases and operators invest in upgrading their network infrastructure.

- The top two operators, Zain and Asiacell, which provide mobile voice and data services, will account for 67.5% of total telecom service revenue in 2015. Despite the civil unrest, mobile operators are launching new tariffs and bundled offers to attract subscribers to their recently launched 3G services.

- Over the next five years, operators should seize opportunities related to rising demand for mobile data services by offering localized mobile content such as applications, music and videos. Network vendors should position themselves to support operators' network upgrades and expansions. Smartphone vendors also have an opportunity to tap into a growing mobile subscriber base. However, investors should be wary of the risks to their investments due to the ongoing civil unrest in Iraq.

Synopsis

"Iraq: 3G Rollout to Drive Telecom Market" provides an...