The VoIP connections in Singapore saw a steady increment from 2013 to 2023, increasing from 8 units in 2013 to 13 units in 2023. The year-on-year growth rates indicate a relatively balanced growth pattern, with significant increases seen early in the period followed by steadier, more moderate growth. The compounded annual growth rate (CAGR) over the last five years stands at 3.4% as of 2023.
Future trends highlight a continued increase in VoIP connections, with forecasts showing progressive growth up to 14.93 units by 2028, reflecting a forecasted five-year CAGR of 2.01% and an overall growth rate of 10.48% over this period.
Overall, while the growth rate is slowing down, the consistent upward trend suggests a sustained interest and dependence on VoIP connections in Singapore. Trends to watch for include market saturation points, potential technological disruptions, and regulatory changes that may impact the growth trajectory.