Market Insights Technology Communication Services

Fixed Data - Ghana

Ghana

Revenue in the Fixed Data market is projected to reach US$25.1m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.80%, resulting in a market volume of US$28.8m by 2029.
In global comparison, most revenue will be generated in the United States (US$94,900m in 2024).

Key regions: France, Poland, Sweden, Denmark, United States

Market

Region

Region comparison

Currency

Analyst Opinion

Due to increased digitalization, the need for landline-based internet and data services such as VPN is rising all over the world. For this reason, further increases in revenues worldwide are expected in the future. Compared to the revenues from mobile data transmissions, the landline industry has recorded an even greater revenues increase in the last few years. However, this will likely be reversed in the coming years. In absolute terms, revenues from data transmission services in the mobile phone sector are already ahead of revenues from data transmission services in the landline sector.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the revenues of telecommunications providers generated by end consumers and enterprises.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use financial statements of key players, national statistical offices, and telecommunications regulatory authorities. In addition, we use relevant key market indicators and data from country-specific associations, such as the number of fixed broadband subscriptions, the number of telephone subscriptions, the number of mobile broadband connections, the number of cellular subscriptions, and the GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.