In 2023, mobile broadband subscriptions in Canada stood at 87.00 subscriptions per hundred persons. By 2024, this value is forecasted to rise to 88.15, representing a 1.32% year-on-year increase. The upward trend is expected to continue through 2025, with an increase of 1.55% to 89.52 subscriptions per hundred persons. From 2026 to 2028, the rate of growth slightly accelerates annually, reaching 92.7 subscriptions per hundred persons in 2028. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 1.25%, indicating steady growth.
Future trends to watch for include the impact of 5G technology adoption, which could accelerate subscription rates further, as well as increased use of mobile broadband for IoT devices and remote work solutions. Monitoring changes in consumer behavior and technological advancements would be critical in forecasting long-term growth rates.
