Over the years, Mexico's telecom Gross Value Added (GVA) exhibited a mix of growth and decline. From 2013 to 2016, the sector faced challenges, with the most notable drop in 2016 (-7.74%). However, from 2017 onwards, the sector rebounded, showing positive growth, culminating in a GVA of 351.23 billion Mexican Pesos in 2023. This represents strong year-on-year growth, especially from 2018 onwards, with 2022 and 2023 showing healthy increases of 6.13% and 5.27%, respectively.
Looking ahead, the forecast for 2024 and beyond suggests steady growth, with a forecasted 5-year CAGR of 3.44%. By 2028, the telecom GVA is expected to reach 436.69 billion Mexican Pesos, marking an overall growth rate of 18.45% from 2023.
Future trends to watch for:
- Emerging tech advancements like 5G and IoT influencing telecom services.
- Potential regulatory changes impacting market dynamics.
- Expanding digital connectivity especially in rural areas boosting telecom demand.
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