In 2023, data and voice mobile broadband subscriptions in Canada stood at 80.9 subscriptions per hundred persons. The forecast shows a steady year-on-year growth with values reaching 86 subscriptions per hundred persons by 2028. This illustrates a positive trend, with an anticipated annual growth rate (CAGR) of approximately 1.25% over the five-year period from 2024 to 2028.
Future trends to watch for:
- The impact of 5G technology adoption on subscription rates.
- Potential market saturation affecting growth pace beyond 2028.
- Influence of regulatory changes and economic factors on mobile service penetration.
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