Research: The Dominican Republic’s telecommunication market to reach usd2.8 bn in 2013

Changing Places

The Dominican Republic’s telecommunication market is the largest in the Caribbean. According to Pyramid Research, it is expected to generate service revenue of US$2.8bn in 2013.

Daniel Ramos, Senior Consultant of Pyramid Research said they expect "revenue should expand at an annual average rate of about 4% over the next five years to reach $3.4bn primarily because of strong growth in the mobile, fixed broadband and pay-TV segments."

Mobile

Photo: Esther Vargas. CC Licence.

Photo: Esther Vargas. CC Licence.

Mobile communications will account for an estimated 65% of the country’s telecom revenue in 2013 and will generate $2.2bn in 2018, according to the same Pyramid study.

"We expect the segment to grow at a CAGR of 7.9% between 2013 and 2018. The mobile market, which will reach a 100% subscription penetration rate in 2015, is already dominated by 3G. Pyramid Research expects that by 2018, 3G will account for 53% of all subscriptions, but 4G subscriptions will ramp up in 2014 and will grow at a CAGR of 165% from 2013 to 2018.", adds Ramos.

Claro and Orange dominate the mobile market. Second-place Orange Dominicana had 35% of all mobile subscriptions at year-end 2012, and now the company has put its Dominicana´s bussiness for sale.

dominicana.players.pyramid

Source: Pyramid Research

Fixed Broadband Market

Pyramid expects the segment to grow at a CAGR of 9.7% between 2013 and 2018. "Although it will account for only an estimated 10% of the Dominican Republic’s telecommunication market in 2013, it is nevertheless expected to generate $459m in 2018.", says Ramos.

Pay TV

According to the firm, the pay-TV market has increased a 5% increase in July 2013 (compared with the same month last year). The number of pay-TV subscribers reached 446,368 in July 2013.


Editorial Staff

Portada Staff

MORE FROM PORTADA

AB InBev Awards U.S. Media Account to Dentsu Aegis Network

AB InBev Awards U.S. Media Account to Dentsu Aegis Network

Brewing giant AB InBev has named Dentsu Aegis Network’s Vizeum as its new agency for the U.S. and Canada.


BRAND MARKETING RESEARCH: Apple, Google World’s Top Brands

BRAND MARKETING RESEARCH: Apple, Google World’s Top Brands

A summary of the most exciting recent research in brand marketing in the U.S., U.S.-Hispanic and Latin American markets. If you're trying to keep up, consider this your one-stop shop.


Marketers Use Social Media to Boost Sponsorships: ANA STUDY

Marketers Use Social Media to Boost Sponsorships: ANA STUDY

Social media — particularly Facebook, Twitter, and Instagram — has emerged as a key component in supporting sponsorship activations among a great majority of marketers, according to a new study by the ANA (Association of National Advertisers).