Forecast: Total Wireless Mobile Broadband Subscriptions in Mexico

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.

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