The total mobile cellular telephone subscriptions in Belgium have shown a consistent upward trend over the last decade, increasing from 12.315 million in 2013 to 15.645 million in 2023. This represents an average Compound Annual Growth Rate (CAGR) of approximately 1.7% over this period. Notably, there was a significant year-on-year increase of 7.27% in 2020, followed by more moderate growth rates in subsequent years, with a minor dip of -2.86% in 2022. As of 2023, the market stood at 15.645 million subscriptions, reflecting a slight increase of 1.91% from the previous year.
Looking ahead, the forecast indicates continued growth, with the total number of subscriptions expected to reach 17.06 million by 2028. This equates to a forecasted 5-year CAGR of 1.3% and an overall forecasted growth rate of 6.65% over the next five years. Key future trends to watch for include the potential impact of emerging technologies such as 5G, increased mobile data consumption, and the influence of new regulatory environments on mobile service providers. Monitoring these areas will be crucial for understanding the dynamics of mobile cellular subscriptions in Belgium.
