Myanmar ICT

Chapter | ICT from The Report: Myanmar 2020

The ICT sector is perhaps Myanmar’s most advanced area of the steadily growing economy. Nevertheless, the era of easy growth and customer acquisition for telecommunications players has come to an end, and a new phase of intense competition has ensued. Myanmar has wide-ranging plans to grow its digital economy and is actively engaging in efforts to improve the foundations of its digital...

Foreign companies are showing interest in Myanmar’s geostrategic location, abundant natural resources and youthful population. A focus on following international best business practices and reducing the informal economy, paired with an annual GDP growth forecast at around 6% in the coming years, is setting Myanmar on a path to catch up with some regional peers.

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Covid-19 has shaken up the development of the digital economy in Myanmar, with the pandemic leading to a rise in demand for home broadband in this traditionally mobile-first market.

As social-distancing measures lead to increased demand for home entertainment, what strategies can be employed to increase penetration in a sustainable manner?

 

Myanmar’s start-up ecosystem is coming into its own amid the development of several clusters in Yangon and an easing of business conditions in the country as a whole. Myanmar rose by six places in the World Bank’s “Doing Business 2020” report to 165th out of 190 economies after introducing a mandatory online platform for company registration...

 

To what degree has digitisation affected Myanmar?

 

More and more commercial transactions are moving online and the so-called digital economy continues to expand its reach into every facet of the traditional analogue economy. For businesses this means they have access to new channels to reach existing clients as well as new opportunities to expand market share with a competitive digital...

 

The ICT sector is perhaps Myanmar’s most advanced area of the steadily growing economy. Nevertheless, the era of easy growth and customer acquisition for telecommunications players has come to an end, and a new phase of intense competition has ensued. As the ICT sector matures, there is room for companies to grab market share in the country’s...

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