Morocco’s growing broadband network and an increase in competition for video has placed the region at the forefront for regional ICT investments.
“Whether it be VOIP providers, broadband Internet repackaging, or pay-TV installers, the smaller companies will be called to duty and therefore present a viable option for investors looking to capture a share of the projected $1.44-billion data segment by 2015, or other promising indicators,” says Majd Hosn, a telecoms analyst for Pyramid.
The North African country’s telecom sector revenue will see a 4.1% annual growth rate over the next five years. The telecommunications projections position the industry at $5.47-billion in 2015.
Moroccan communications ministry official Ibrahim Saeed told ITNewsAfrica that he is hopeful that these projections will maintain excellent prospects.
“We have worked hard to build a strong IT and telecom sector and hopefully Pyramid’s report will turn out true,” says Saeed.
“The leadership changes and popular uprisings that have spread in North Africa will take their toll on the stability and growth of Morocco,” adds Pyramid.
“However, (the country will) maintain a strong position compared to other Middle Eastern and North African communications markets.”