In 2000, the whole of Africa had less international Internet bandwidth than Luxembourg, a country the size of the US state of Rhode Island. Now, two decades later, Internet access continues to grow in Africa, with more than 450 million people now connected to the Internet.
The solution to expanding Internet access across the continent lies with mobile networks. Globally, the broadband services market is currently valued around US$330-billion, with a compound annual growth rate (CAGR) of 9% from 2020 to 2027¹. Conversely, the five-year CAGR for telecommunications operator-provided broadband access is a low single-digit figure in most mature markets , leaving service providers to look for opportunities to bundle broadband with complementary services in order to retain their market share.
This is where smart home solutions for service providers and operators can really optimise their revenue and growth.