Key Market Indicators
Singapore’s mobile subscription base is projected to hit 10.6 million by 2028, marking a steady increase from the 9.5 million subscriptions recorded in 2023. This growth represents an average annual increase of 1.7%. Since 1993, the demand for mobile subscriptions in Singapore has risen consistently, with an average annual growth rate of 2.2%. In 2023, Singapore ranked 87th globally in terms of mobile subscriptions, with Switzerland surpassing it by a narrow margin. On the global stage, India, the United States, and Indonesia secured the second, third, and fourth positions, respectively, in the mobile subscription rankings.
