Forecast: Mobile Broadband Subscriptions in Mexico

The number of mobile broadband subscriptions in Mexico increased significantly from 34.614 million in 2013 to 121.05 million in 2023. The most substantial growth occurred between 2013 and 2014, with a year-on-year increase of 48.65%. Over the last two years, the growth rates were 2.4% in 2022 and 8% in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 was 6.51%, reflecting a steady growth trend in recent years.

Future trends to watch for in the mobile broadband market in Mexico include:

• An expected further increase in subscriptions, reaching 156.98 million by 2028.
• A forecasted 5-year CAGR of 4.1%, indicating continued but tapering growth.
• Technological advancements such as 5G and improved network infrastructure fueling growth.
• Increased smartphone penetration and digital service adoption contributing to higher demand.