CAMBRIDGE, Mass. – Cuba, the Dominican Republic and Haiti are the most attractive markets in terms of subscriber growth in the Caribbean region, according to Pyramid Research’s latest report, Mobile Markets in the Caribbean.
“We expect that the Haitian and Dominican mobile subscription compound annual growth rates will be 12.5% and 9.3% respectively from 2007 to 2013,” comments Stela Bokun, Analyst at Pyramid Research and author of the report.
The report found that these figures are dwarfed by the projected growth of the Cuban mobile market. If the market is liberalized by the end of 2009, the number of Cuban mobile subscriptions will grow at a CAGR of 82% from 2007 to 2013. However, even if the Cuban government does not open up the market to competition, Pyramid Research still expects the market to see a CAGR of 52% over the 2007-2013 period.
The countries covered in Mobile Markets in the Caribbean — Bermuda, Cuba, the Cayman Islands, the Dominican Republic, Puerto Rico, Haiti, Jamaica, and Trinidad & Tobago — were home to 16.1m mobile subscriptions in 2007, accounting for less than 1% of the global total.
Pyramid Research expects that by 2013, the number of mobile subscriptions in these eight countries in the Caribbean region will have doubled, reaching roughly 32m (Provided that the Cuban market is liberalized by the end of 2009).