Telecom output in Mexico has shown varied growth patterns from 2013 to 2023, with a notable increase in forecasted values starting in 2024. By 2023, telecom output stood at 564.89 billion Mexican pesos. Year-on-year variation indicates fluctuating trends, from a -4.02% drop in 2016 to a consistent growth rate above 3% in recent years, with a notable 5.9% increase in 2021. The compound annual growth rate (CAGR) over the last five years averaged 4.34%, marking a strong recovery phase.
Future trends to watch for include:
• Continued steady growth in telecom output, with an forecasted CAGR of 2.6% over the next five years.
• Expanding digital infrastructure and 5G deployment likely to drive further industry growth.
• Increasing emphasis on digital services and internet penetration in rural areas enhancing market scope.