From 2013 to 2023, the Wireless ARPU in Canada exhibited a stable upward trend with occasional fluctuations. The ARPU value stood at 67.58 CAD in 2023. The period from 2013 to 2023 shows a year-on-year increase, peaking at +5.72% in 2020, reflecting market adjustments and growth in wireless services usage. Recent trends saw a decline in 2022 by -4.15%, followed by a modest recovery with a +0.63% increase in 2023. The Compound Annual Growth Rate (CAGR) for the last five years stands at a moderate +0.66%.
Looking forward, the forecast period from 2024 to 2028 suggests a more tempered growth, with a forecasted five-year CAGR of +0.41%, culminating in an average ARPU value of 69.7 CAD by 2028. Future key trends to watch include the impact of emerging technologies such as 5G, evolving consumer behavior, and potential regulatory changes which may influence ARPU dynamics.
