The number of mobile cellular subscriptions in Mexico has exhibited a steady increase from 106.75 million in 2013 to 129.87 million in 2023. This growth trajectory, although consistent, has experienced varying year-on-year fluctuations. Notable peaks in growth include 2018 with a 5.1% increase and 2016 with a 3.75% rise. From 2019 onwards, the growth rate gradually slowed, with the year 2023 registering a 1.56% increase and a 5-year CAGR (Compound Annual Growth Rate) of 1.57%.
Looking forward to the forecasted data from 2024 to 2028, a moderate but steady growth trend is anticipated, with the number of subscriptions expected to reach 139.39 million by 2028. The forecasted 5-year CAGR is projected at 1.12%, indicating a more tempered expansion rate.
Trends to Watch For:
- Increased market saturation potentially slowing down new subscription rates.
- Technological advancements in mobile networks (e.g., 5G) possibly boosting subscription upgrades.
- Economic factors and consumer behavior changes impacting the overall growth rate in the telecom sector.