The total fixed broadband subscriptions in Thailand witnessed consistent growth from 2013 through 2023, achieving 11.42 million subscriptions in 2023. While year-on-year growth was robust in earlier years, it has become more modest recently, with a significant dip noted in 2022. However, the last two years showed a slight rebound with a 4.31% increase in 2023. The Compound Annual Growth Rate (CAGR) has also steadily declined from 20.16% in 2013 to 4.44% in 2023.
Looking forward, the forecast indicates continued but slower growth, with a 5-year CAGR of 2.76%, suggesting the market is nearing saturation. The total fixed broadband subscriptions are expected to reach 13.663 million by 2028, reflecting a 14.57% growth rate over the forecast period. This trend signals market maturity and a potential shift in focus towards improving quality and innovating new services rather than substantial subscriber growth.
Future Trends to Watch For:
- Increasing demand for high-speed internet.
- Innovations in broadband technology and infrastructure.
- Integration of broadband with IoT and smart home solutions.
- Competition from mobile broadband services.
- Regulatory changes impacting broadband policies and pricing.
