Forecast: Number of Fixed Broadband Subscriptions in Thailand

In 2023, the number of fixed broadband subscriptions in Thailand stood at 14.15 million, marking a 6.96% year-on-year increase from 2022. Over the past decade, we have observed a robust upward trend in fixed broadband subscriptions, with a Compound Annual Growth Rate (CAGR) of 9.02% from 2018 to 2023. This strong growth can be attributed to the increasing demand for reliable internet infrastructure driven by digital transformation and remote working trends.

Year-on-year variation in the last two years:

• 2022: 6.51%
• 2023: 6.96%

Over the next five years, the annual growth rate is expected to moderate, with a forecasted CAGR of 4.33%, reflecting a maturing market. By 2028, the number of subscriptions is projected to reach 18.613 million, representing a 23.59% increase from 2023 levels.

Future Trends to Watch For:

• Adoption of higher-speed broadband services and fiber-optic technology.
• Expansion of broadband access in rural and underserved areas.
• Growing importance of broadband in supporting smart cities and IoT applications.
• Impact of regulatory changes and government initiatives on market growth.