The number of mobile cellular subscriptions in Indonesia has experienced various fluctuations from 2013 to 2023. Subscriptions grew steadily from 2013 to 2017, reaching a peak in 2017. However, post-2017, there was a significant decline in 2018, followed by a period of minor recovery until 2021. The year 2022 saw another major drop, with a marginal recovery noticed in 2023, standing at 116.13 subscriptions per hundred persons.
Year-on-year variations over the past two years show a decline in 2022 by -14.03% and a slight increase in 2023 by 1.07%. Over the last five years, the Compound Annual Growth Rate (CAGR) was -0.59%, indicating a downward trend on average.
Forecast data suggest a continuous decline from 2024 to 2028, with a forecasted 5-year CAGR of -2.46% and an overall reduction of 11.72% by 2028. In 2028, the number of subscriptions is expected to fall to 98.81 per hundred persons.
Future trends to watch for include shifts in consumer preferences towards new technologies, potential saturation of the mobile market, the impact of economic conditions on consumer spending, and possible regulatory changes affecting telecommunications.
