Forecast: Total Mobile Cellular Telephone Subscriptions in Saudi Arabia

Based on the given data, Saudi Arabia’s total mobile cellular telephone subscriptions stood at 74.207 million persons in 2023. From 2013 to 2023, this market has shown a general upward trend in both value and volume. The period from 2013 to 2023 saw fluctuations but overall demonstrated a positive trend.

Key Trend Observations:

• From 2013 to 2014, there was a slight dip with a year-on-year decrease of 0.69%.
• A notable peak in 2015 with a 7.14% year-on-year increase.
• Strong growth observed from 2016 to 2020, with the year-on-year change peaking at 8.5% in 2020.
• A decline in growth rate in 2022, showing a year-on-year drop of 1.9%.
• Resumption of growth in 2023 at a rate of 2.85%.

Over the last two years, there has been a slight deceleration in the growth trajectory, with the CAGR standing at 3.17% until 2023. Looking ahead, the forecasted data predicts continued growth, with a forecast CAGR of 1.89% from 2024 to 2028, and an overall increase in volume by 9.84% over the same period.

Future Trends to Watch For:

• The maturity of the mobile market in Saudi Arabia, potentially leading to market saturation.
• Technological advancements such as 5G adoption, which could drive subscription rates.
• Increasing penetration of mobile services among younger demographics and rural areas.