Forecast: Voice and Data Mobile Broadband Subscribers in Canada

The mobile broadband subscriber base in Canada saw a steady increase from 16.1 million in 2013 to 27.8 million units in 2023. The growth trend showed varying annual changes, with significant early growth in 2013 and 2014 and a gradual slowing in subsequent years. Notably, the subscriber count in 2023 represented a 2.96% year-on-year increase compared to 2022.

Recent years have illustrated diminished growth rates, with the compound annual growth rate (CAGR) dropping from 13.9% in 2016 to 3.16% by 2023. Despite this, the forecast for 2028 anticipates a modest rise to 31.43 million users, with a 5-year CAGR of 1.88% and an overall growth of 9.73% from 2023 levels.

Future Trends to Watch For:

• Expansion of 5G technology and its potential to increase mobile broadband adoption.
• Increased demand for mobile data due to rising usage of streaming services and IoT devices.
• Potential saturation of the market leading to marginal subscriber growth.