This is the best prospect industry for this country. Includes a market overview of the Telecommunication industry in TT, including leading Sub-Sectors.
Last Published: 7/20/2019

 

Overview:

ICT is a small sector, amounting to approximately 3.5 percent of GDP, primarily in software development, web design, data processing, ICT training, and software solutions. ICT’s contribution to GDP has grown significantly since 2006 and is projected to make additional gains.

With 148 mobile phone subscriptions per 100 people, TT has one of the highest penetrations of mobile phone coverage in the world. At the end of the fourth quarter in 2017 (the most recent information available), 77 percent of the population had internet subscriptions.

TT is served by an IP-based core network and there are currently two mobile service providers, five broadband service providers/ISPs, and three providers of switched voice-based services. Professional and skilled labor can be secured locally, as there are over 400 ICT graduates each year from local universities.
Pending legislation on cyber security may create new opportunities.

Updated information on customs duties and tariffs can be found at: http://tradeind.gov.tt/documents-resources/hs-tariff/
E-governance is an area for collaboration between businesses and the government, which has implemented some e-governance solutions such as the comprehensive “TTConnect” and “TTBizLink” portals to make services more transparent and easily accessible.

In the private sector, the use of e-commerce remains relatively rare.  Few local businesses use technology to interact with their customers.  Opportunities exist for companies that can create and successfully market electronic services that facilitate transactions on-line.

Leading Sub-Sectors:

ICT regional headquartering
Research and development
Business process outsourcing
Cyber security

Firms that can offer services for the small Trinbagonian market, or that could use Trinidad and Tobago as a regional base of operations in neighboring countries, will be more likely to succeed.  Trinidad and Tobago has a need for software applications in e-governance, in e-payments, and in e-marketing/analysis.

Opportunities:

E-governance and e-commerce potential remains under-fulfilled and these areas present an opportunity for well-crafted and well-implemented solutions.  Consulting firms experienced in the development of IT sectors may find their experience sought after by the public sector as well as by the private sector in Trinidad and Tobago. Opportunities exist for the provision of higher level activities such as the writing and modification of software, design and integration of systems, and industry specific software solutions.

Web Resources

Telecommunications Authority of Trinidad and Tobago (TATT)
Ministry of Public Administration and Communications
 

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