Uruguay is the fourth most developed economy in Latin America, and also has one of the highest 4G/LTE penetration rates in Latin America, which combined with a high FTTH adoption rate creates a fertile ground for the development of a wide range of digital services and applications in areas such as OTT and Internet of Things (IoT) solutions related to smart cities, smart metering, smart home and smart building.
Albany, New York, February 25, 2017: With the advancements in technology worldwide, the demand for using digital services has gained a remarkable growth in a very short time span. According to a new study titled “Telecom Industry in Uruguay: High FTTH and LTE Penetration Levels to Drive Rising Demand for OTT and IoT Applications” it is clearly defined that, with a lot of beneficial services by the enhancement in the telecom sector and innovations of different applications, the country’s revenue has increased and are also attracting consumers interest day by day. It is a new country intelligence report which offers an executive level overview and current scenario of the telecommunications market in Uruguay along with future growth prospects during the period 2016 to 2021. This study has been recently placed in the vast portfolio of Market Research Hub’s report offerings.
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First of all, the report discusses the overall regional context along with major details of the market competitive landscape. Uruguay is ranked as one of the most developed and prosperous countries of Latin America, which is measured in terms of PPP-adjusted GDP per capita, just below Panama, Chile and Argentina. Currently, the country has one of the highest 4G/LTE penetration rates in Latin America, which mutually combined with a ‘high fiber to the home’ (FTTH) adoption rate that creates a productive ground for the expansion of a wide range of digital services and applications in sections such as OTT and Internet of Things (IoT) solutions related to smart cities, smart metering, smart home and smart building.
Moreover, the telecommunications market in Uruguay has been segmented on the basis of three major value-added services by the leading network providers including:
· Mobile services
· Fixed services
Moreover, analysts have studied that in terms of computer penetration, Uruguay tops all other countries in the region by a considerable margin. With estimated revenue of $1.5bn or 2.9% of GDP, the telecom and pay-TV services market in Uruguay is one of the most emerged segments in the region. Also, high adoption of LTE 4G service with high-speed connections, close to 20 Mbit/s, recently introduced by ANTEL and Claro (Telmex) has created a remarkable growth for the market.
According to the key findings, the report predicts that the nation’s mobile subscriber base will rise at a CAGR of 1.6% during the 2016-2021 period, mainly driven by M2M connections and the increasing implementation of mobile data services, chiefly in less populated parts of the country, where the future expansion of 4G/LTE in the 700MHz band will have a greater impact. Today, increasing use of OTT application like WhatsApp, Facebook messenger, Google Hangouts, Skype, Viber etc. is one of the major factors which has contributed towards the growth of the market.
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Moreover, through this analysis, the readers will also be able to know about the key opportunities for the leading service providers.
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