Between 2013 and 2023, the total wireless mobile broadband subscriptions in Canada demonstrated a significant upward trend, growing from 51.79 units per hundred persons to 82.74 units per hundred persons. The annual growth rate fluctuated, peaking in 2015, with a 13.43% year-on-year growth, followed by steady increases. However, a notable decline occurred in 2020, with a -12.91% change, likely due to the COVID-19 pandemic. Post-2020, the market recovered with variations of 4.42% in 2021 and 6.1% in 2022. The CAGR over the last five years (2019-2023) was 1.6%.
The forecasted data from 2024 to 2028 shows a more stabilized growth with a projected CAGR of 0.56%, indicating a maturing market. By 2028, subscriptions are expected to reach 86.11 units per hundred persons, representing a 2.85% growth from 2023.
Key future trends to watch for include the impact of 5G rollout, increased demand for mobile data services, and potential market saturation. Monitoring subscriber preferences and technological advancements will be crucial for anticipating shifts in the market.
