In recent years, Mexico's cable fixed broadband subscriptions exhibited significant growth, increasing from 2.34 subscriptions per hundred people in 2013 to 8.41 in 2023. The year-on-year growth peaked in 2015 at 37.2% before gradually slowing to 5.83% by 2023. The compound annual growth rate (CAGR) over the last five years (2019-2023) averaged 8.45%, showing a downward trend compared to earlier years.
Looking ahead, the forecasted data from 2024 to 2028 predicts a continued increase, though at lower growth rates. The forecasted CAGR for the next five years is 3.81%, suggesting a maturation of the market. By 2028, subscriptions are expected to reach 10.7 per hundred people, reflecting a forecasted growth rate of 20.55% over the five-year period.
Future trends to watch for include technological advancements in broadband infrastructure, increased competition from fiber optic networks, and regulatory changes that may impact market dynamics. Additionally, the post-pandemic digital shift and the government's digital inclusion initiatives are likely to influence market penetration and subscription rates.