In 2023, the residential fixed telephone lines in the UK stood at 26.74 million units. From 2024 to 2028, the forecast indicates a gradual increase, culminating at 27.24 million units by 2028. Year-on-year, the growth rate hovers just above 0.4%, demonstrating a steady but slow upward trend. The compound annual growth rate (CAGR) over these five years is relatively modest, reflecting a mature market with limited expansion.
Future trends to watch for include:
- The impact of digital transformation and the growing preference for mobile and internet-based communication technologies.
- Potential governmental policies that may influence telecommunications infrastructure investments.
- Shifts in consumer behavior and preferences due to technological advancements in communication services.