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.