From 2013 to 2023, household expenditure on mobile voice and data services in the UK exhibited a general downward trend, starting at £45.68 and falling to £39.85 in 2023. The annual change fluctuated, with minor increases in 2015 and 2020, but overall the CAGR for the last decade was negative. Notably, from 2021 to 2023, the annual variations were -1.31%, -6%, and -1.29%, respectively. The five-year CAGR from 2019 to 2023 was -1.31%.
Looking forward to 2028, the forecast predicts a further decline in expenditure with a forecasted five-year CAGR of -1.05%, indicating a continuation of the downward trend, projecting household expenditure to reach £37.49 in 2028.
Future trends to watch for include the impact of technological advancements that might reduce costs, shifts in consumer behavior towards bundled or unlimited plans, and potential regulatory changes affecting mobile service pricing.
