Forecast: Number of Mobile Cellular Subscriptions in Saudi Arabia

The number of mobile cellular subscriptions in Saudi Arabia has seen a fluctuating trend over the past decade. In 2023, the value stood at 137.27 subscriptions per hundred persons. From 2013 to 2017, there was a marked decline due to market saturation and regulatory changes. However, from 2018, the market began to stabilize and even showed minor growth in recent years. In 2020, there was a noticeable uptick with a year-on-year increase of 4.15%, which continued to improve through 2022 and 2023 with growth rates of 4.76% and 3.69% respectively. This resulted in a 3.08% CAGR over the last 5 years.

Future trends to watch for:

• Projected growth of 1.34% CAGR from 2024 to 2028 suggests a steady yet moderate increase in the number of subscriptions.
• Technological advancements and increased mobile internet usage may drive further adoption.
• Regulatory changes and market competition will continue to influence subscription rates.