In 2023, data and voice mobile broadband subscriptions in Canada reached 32.625 million, reflecting a robust growth trajectory from 2013's 16.66 million subscriptions. The year-on-year variation in 2022 was 9.28%, while 2023 saw a 5.32% increase. The 5-year CAGR leading up to 2023 was 4.79%, highlighting steady growth despite occasional fluctuations, such as in 2020 when subscriptions decreased by 5.37%.
From 2024 onward, forecasts suggest continued growth, with subscriptions expected to reach 41.309 million by 2028. The forecasted 5-year CAGR is 3.73%, indicating a moderate but consistent increase, culminating in an expected overall growth rate of 20.09% over this period.
Future trends to watch for include:
• The impact of 5G technology adoption, potentially accelerating subscription rates.
• Evolving consumer behavior towards data consumption and new digital services.
• Competition and pricing strategies among telecom providers influencing subscription growth.
• Regulatory changes and their implications on market dynamics.
