In 2023, the number of mobile cellular subscriptions in Singapore stood at 158.5 per hundred persons.
From 2024 to 2028, the forecasted data reveals a consistent growth in mobile cellular subscriptions, increasing from 160.98 to 170.01 per hundred persons. The year-on-year variation shows incremental growths as follows: 2024 (1.57%), 2025 (1.55%), 2026 (1.43%), 2027 (1.3%), and 2028 (1.2%). The Compound Annual Growth Rate (CAGR) over the last five years (2024-2028) is projected at 1.41% per year.
Future trends to watch for include technological advancements such as the proliferation of 5G, increased adoption of IoT devices, and evolving consumer preferences towards smart devices. These factors are likely to sustain or even accelerate the growth in mobile cellular subscriptions in Singapore.
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