Key Market Indicators
Iceland's telecom expenditure is projected to surge to approximately €563 million by 2028, up from around €423 million in 2023. This represents an annual compound growth rate (CAGR) of 4.4%. Since the turn of the millennium, Iceland's telecom demand has seen an average annual increase of 11.4%. In 2023, Iceland ranked 29th in telecom expenditure, with Cyprus slightly ahead, also at approximately €423 million. Leading the rankings, France, the United Kingdom, and Italy occupied the second, third, and fourth positions, respectively.
