In the past few years, there has been a growing trend of people investing in Africa’s fiber optic cable market.
This is based on the reasoning that as mobile data plans become more expensive and less available for those living in developing countries, fiber optic cables offer an affordable alternative to wireless technology. The African fiber optic cable market is expected to grow at an impressive rate over the next decade and could potentially yield some great returns for investors.
It’s important to note however that while this industry offers many potential opportunities, it also poses several challenges which need to be considered before making any investments.
Continue reading this post for a better understanding of why you should invest in Africa’s fiber optic cable market.
1) Higher Bandwidth and lack of infrastructure:
The growing fiber optic cable market in Africa has increased demand for the higher bandwidth provided by these cables. It is important to note however that, as of yet, there are not enough internet providers in Africa for this demand. The lack of infrastructure also poses an issue because of the high-cost investment required to build new fiber networks. Fiber optic cables solve this problem because they require less maintenance and create faster speeds at less cost.
2) Mobile data plans:
Mobile data plans are becoming increasingly expensive, especially for those living in developing countries without broadband options or reliable wireless reception. The average monthly mobile phone bill now exceeds $60 per month. This makes it prohibitively expensive for many people living in Africa who can’t afford it. Fiber optics cables could offer a cheap alternative due to their affordability.
Fiber optics can provide internet options that are much cheaper than mobile internet, allowing lower-income groups to gain access to the web.
3) Costly roaming fees with international networks:
Many African countries also experience costly data “roaming” rates when using mobile phones or other devices while abroad in another country. This makes it difficult for people living in Africa without broadband options to even use services like Skype because of the expensive international network fees.
4) Cheaper Alternative to Broadcast Television:
Fiber optic cables offer a cheap alternative to wireless technology which can also be used for telecommunication purposes such as telephone lines or broadcast television. In Africa, broadcast television is expensive and unreliable. Fiber optic cables provide a cheap alternative for people living in developing countries as well as an extreme increase in the speed of TV providers.
5) African fiber optic cable market is growing at an impressive rate:
The African fiber optic cable market is expected to grow at an impressive rate over the next decade. Due to a growing trend of people investing in Africa’s fiber optic cable market, it has a projected compound annual growth rate of 35% from now until 2023. This means that its demand will continue to increase as time progresses.
6) A Great ROI
Since the African fiber optic cable market is growing at such a rapid rate, there’s a high possibility that investors will see a great return on investment in the long run.
7) Dual Investment Options
Those who are interested in investing in Africa’s fiber optic cable market have two options available to them. They can either invest in existing manufacturers or they can choose to become one themselves.
8) The benefits of being involved with the industry outweigh the costs:
One benefit of investing in Africa’s fiber optic cable market is that the industry has a variety of benefits. Whether you want to invest in an existing manufacturer or choose to establish your own, there are plenty of advantages that come with it. This includes gaining increased knowledge about the market, increased revenue potential, and greater overall customer satisfaction.
9) Unique Opportunities for Investment
There are many unique opportunities available to those who want to become involved in Africa’s fiber optic cable market, including investment in government contracts and international deals. With these unique options available, investors will be able to see their money grow exponentially over time.
As discussed above, the benefits of investing in Africa’s fiber optic cable market outweigh its costs by far. As such, it can be seen as a lucrative business endeavor that can lead to success. Whether you choose to invest in an existing manufacturer or establish your own, there’s plenty of potential for great growth and success here.
The African fiber optic cable market is growing at an impressive rate, and there are some great reasons why investing in this field of technology will yield some great returns for investors. In countries where mobile internet is prohibitively expensive due to costly data plans, high roaming fees on international networks and lack of infrastructure, fiber optic cables offer a cheap alternative.