The number of internet subscribers in Australia has exhibited moderate growth over the historical period from 2013 to 2023, standing at 15.11 million units in 2023. The year-on-year variation for 2023 was 1.21%, down from the peak year-on-year growth of 6.39% observed in 2020. Averaging the changes over the last five years, the CAGR was relatively low at 1.28%, indicating a deceleration in growth right up to 2023.
Looking ahead, the forecast suggests a modest growth trajectory. The projected CAGR over the next five years to 2028 is 0.82%, leading to an estimated 4.15% total growth viewed over this duration.
Future trends to watch for include:
- Potential impacts of new technologies and market disruptions on internet subscription rates.
- Socioeconomic factors that could either drive or hinder the adoption of internet services.
- Shifts in consumer behavior due to improvements in mobile internet and broadband infrastructure.
