From 2013 to 2018, household expenditure on telecom grew overall by 9.8%, despite some fluctuations year-to-year. From 2018 to 2022, growth moderated, increasing by only 3.8%. Recent trends show slight annual increases of around 0.2% to 0.3% year-on-year leading up to 2024. The CAGR for 2023-2028 is forecasted at a modest 0.15%, indicating stable but slow growth in telecom spending.
Future trends to watch include the impact of technological advancements, changes in consumer behavior, and economic factors that may affect discretionary spending on communication services.
