Forecast: Data and Voice Mobile Broadband Subscriptions in Mexico

From 2015 to 2023, data and voice mobile broadband subscriptions in Mexico increased significantly from 52.82 to 89.05 subscriptions per hundred persons. Significant year-on-year gains were observed, particularly between 2015 and 2019, highlighted by peaks like 16.8% growth in 2016. The Compound Annual Growth Rate (CAGR) from 2015 to 2019 was impressive at 9.91%, but it started to moderate afterward.

From 2019 to 2023, the CAGR decreased to 3.67%, indicating a maturing market. The yearly growth rates slowed down, with notable variations like 7.25% in 2021, 1.36% in 2022, and 3.55% in 2023. As of 2023, the value stood at 89.05 subscriptions per hundred persons.

Looking ahead to 2028, forecasted CAGR is further expected to moderate to 1.33%, indicating a stabilized market with a projected increase to 97.47 subscriptions per hundred persons.

Future Trends to Watch:

• Impact of 5G technology adoption on subscription rates.
• Potential market saturation and its effect on yearly growth rates.
• Innovations in mobile broadband services driving new subscription models.
• Government regulations influencing market dynamics.