Forecast: Fixed Broadband Subscriptions in Saudi Arabia

The fixed broadband subscriptions in Saudi Arabia have shown significant growth over the years. The value stood at 44.35 subscriptions per hundred persons in 2023. From 2015 to 2023, the subscriptions fluctuated minimally until 2019 but surged significantly afterward, reaching a notable year-on-year growth of 19.99% in 2023. The last five years saw a remarkable average annual change (CAGR) of 17.88%, indicating rapid adoption of fixed broadband services.

Looking ahead, the trend is expected to continue with forecasted data showing subscriptions climbing steadily. The 5-year forecast CAGR is estimated at 9.09%, with a projected growth rate of 54.49% by 2028, indicating enhanced penetration and consistent demand for broadband services.

Future Trends to Watch For:

• Integration of newer technologies such as 5G and fiber optics, which will likely further boost subscription numbers.
• Government initiatives and policies aimed at improving digital infrastructure and connectivity.
• Increasing demand for high-speed internet due to rising digital transformation across various sectors.
• Potential entry of new service providers driving competition and innovations in service offerings.