Analysis of Internet Service Subscribers in Canada shows measured growth from 2013 to 2023, standing at 12.49 million units in 2023. From 2013, the number of subscribers has exhibited fluctuations with notable variations, but overall, there has been a general upward trend. The YOY variation over the last two years were -3.62% in 2022 but rebounding to 1.15% in 2023. The average CAGR over the last five years was 1.23%.
Looking forward, the number of subscribers is forecasted to grow at a moderate pace with a 5-year CAGR projected at 0.78% and a total growth rate of 3.98% by 2028, reaching approximately 13.19 million units. Future trends to monitor include potential impacts of new technology adoption, competition in service provision, regulatory changes, and shifts in consumer demand.
