Key Market Indicators
Cypriot mobile subscriptions are projected to see a significant increase over the next five years. According to recent data, the number of mobile subscribers in Cyprus is expected to reach approximately 1.78 million by 2028, up from about 1.46 million in 2023. This marks an average annual growth rate of 3.1%. The upward trend in mobile subscriptions has been consistent since 1993, with an average yearly growth of 4%. In the global ranking for 2023, Cyprus held the 147th position. Lesotho narrowly surpassed Cyprus with the same number of subscriptions, approximately 1.46 million. On a broader scale, India, the United States, and Indonesia occupied the second, third, and fourth spots respectively in the global ranking for mobile subscriptions.
