The total wireless mobile broadband subscriptions in Belgium have shown a steady upward trend from 2013 to 2023, moving from 51.26 to 102.63 subscriptions per hundred persons. Notably, the growth rates have varied significantly over this period. Initial years saw substantial growth with year-on-year increases peaking at 15.15% in 2015, then showing fluctuations. The last two years (2022 and 2023) reflected a slight moderation with growth rates of 4.34% and 3.8%, respectively. The compound annual growth rate (CAGR) was 6.15% over the last five years from 2018 to 2023.
Looking ahead, forecasted data suggest that total wireless mobile broadband subscriptions will continue to grow, reaching 117.03 by 2028. The forecast five-year CAGR is expected to slow to 1.99%, indicating a decelerating growth trend. This can be interpreted as a market approaching saturation as it matures, with the total forecast five-year growth rate being 10.34%.
Future Trends to Watch for:
- Emergence and impacts of 5G technologies.
- Market penetration constraints due to high saturation levels.
- Technological innovation impacting mobile broadband use.
- Consumer behavior shifts towards data-intensive applications.
