In 2023, Canada had approximately 38.643 million mobile cellular subscriptions. From 2024 to 2028, the number of subscriptions is projected to steadily increase from 39.456 million to 42.767 million. Year-on-year growth indicates a consistent increment, starting at 2.16% from 2024 to 2025 and continuing to 1.91% from 2027 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 2.05%.
Future trends to watch include:
- Increasing demand for 5G technology could drive subscription growth and technological shifts.
- Potential market saturation may affect the rate of new subscriptions.
- Emergence of new mobile technologies and services may influence consumer behavior and subscription dynamics.