What the heck is going on in Myanmar
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Landscape of Myanmar, focused on tech sector
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What the heck is going on in Myanmar
- 1. What the heck is happening in Myanmar? RITA NGUYEN! Co-Founder & CEO! July 2013 Monday, 8 July, 13
- 2. Newly opened, untapped market ✦$40.1B in FDI with 90% growth in 2012 ✦60m untapped consumers ✦Mobile phone penetration to grow between 30-50% by 2015 ✦Economy growing by 5.5% annually Monday, 8 July, 13
- 3. Young urban population Median Age: 27.2 Rate of urbanization: 2.9% 27% 19% 50% 5% Below 14 years 15-24 25-64 Over 65 Monday, 8 July, 13
- 4. The Geek Life today... Cell phone penetration <10% ✦3G is charged by the minute but still cheaper than voice calls & SMS ✦3G sim cards cost over $250 (down from $2k just a year ago) ✦Internet penetration <1% (1.05m users) ✦800k Facebook accounts Monday, 8 July, 13
- 5. But... ✦BarCampYangon is the largest in the world (6.2k attendees in 2013) ✦Mobile penetration set to grow between 30-50% by 2015 ✦Two new foreign carriers have 15 year contracts: installing 3G and LTE networks ✦ Android dominates the market Monday, 8 July, 13
- 6. The Behemoths are coming Monday, 8 July, 13