Based on the provided data, the number of broadband Internet subscribers in China reached 62.39 billion units in 2023. The actual data show a steady upward trend from 2013 to 2023. The year-on-year variation peaked in 2015 with a 29.42% increase but generally exhibited a decreasing trend. Notably, in 2023, the year-on-year growth stood at 7.65%, reflecting a more mature market. The compound annual growth rate (CAGR) from 2018 to 2023 averaged 8.9%, indicating a slowing yet steady increase in the number of subscribers.
Forecast data from 2024 to 2028 predict the number of subscribers will continue to grow, reaching 83.91 billion units by 2028. The forecasted CAGR for this period is 4.67%, which is significantly lower than in previous years, suggesting market saturation and slower growth rates. Key future trends to watch for include the potential impact of emerging technologies such as 5G and fiber-to-the-home (FTTH), as well as government policies aimed at expanding internet access to rural and underserved areas.
