Key Market Indicators
The number of mobile subscribers in Armenia is projected to surge to approximately 4.3 million by 2028, up from around 3.8 million in 2023. This indicates an average annual growth rate of 1.8%. Since 2001, the demand for mobile subscriptions in Armenia has consistently increased by about 1.5% each year. In the global rankings for 2023, Armenia placed 127th. Bosnia and Herzegovina surpassed Armenia with its own 3.8 million subscriptions. In comparison, India, the United States, and Indonesia occupied the second, third, and fourth spots, respectively, in the global ranking of mobile subscriptions.
