What the heck is going on in Myanmar
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Transcript of What the heck is going on in Myanmar
What the heck is happening in Myanmar?
RITA NGUYEN!Co-Founder & CEO!
July 2013
Monday, 8 July, 13
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
Young urban population
Median Age: 27.2 Rate of urbanizat ion: 2.9%
27%
19% 50%
5%
Below 14 years 15-2425-64 Over 65
Monday, 8 July, 13
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
But...
✦BarCamp Yangon 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
The Behemoths are coming
Monday, 8 July, 13