Wireless mobile broadband subscriptions in Mexico have shown consistent growth, standing at 96.37 subscriptions per hundred persons in 2023. From 2013 to 2019, there was a substantial surge, boasting high year-on-year growth percentages, peaking in 2014 with a 47.01% increase. However, post-2019, the growth rate decelerated, with the annual percentage growth reducing significantly, registering a 5.81% increase in 2023. Over the last five years, the compound annual growth rate (CAGR) stabilized to 6.34%.
Looking ahead, the forecast indicates a continuation of this trend at a more modest pace. By 2028, the CAGR is expected to moderate further to 3.41%, resulting in an overall growth rate of 18.23% from 2024 to 2028.
Future trends to watch for include:
- Potential market saturation as growth rates slow down.
- Technological advancements and 5G adoption potentially spurring renewed interest and subscription growth.
- Economic factors and policy decisions impacting consumer behavior and market expansion.