Key Market Indicators
Madagascar's mobile subscriber base is projected to soar to nearly 35 million by 2028, up from approximately 23 million in 2023. This marks an average annual growth rate of 6.4%. Since 1999, the demand for mobile subscriptions in Madagascar has surged by an impressive 16.8% annually. In 2023, the nation ranked 53rd globally in mobile subscriptions, just behind Romania, which also had around 23 million subscriptions. Leading the global rankings, India, the United States, and Indonesia secured the second, third, and fourth spots, respectively.
