The data shows that mobile broadband subscriptions in Belgium have experienced robust growth from 2013 to 2023, with subscriptions per hundred persons increasing from 51.26 in 2013 to 98.05 in 2023. This represents a significant increase, with a particularly strong growth period between 2015 and 2017. The year-on-year growth rates illustrate some fluctuations: double-digit growth rates were seen in 2015 (15.15%) and 2019 (14.73%), while more moderate growth occurred in recent years, with 3.66% in 2023. The 5-year CAGR from 2019 to 2023 stands at 5.19%, indicating robust ongoing market expansion.
Looking ahead, forecast data for 2024 to 2028 projects a continued upward trend, but at a slower annual growth rate, with the 5-year CAGR from 2024 to 2028 estimated at 1.3%. By 2028, subscriptions are expected to reach 107.1 per hundred persons, which translates to a total forecasted growth rate of 6.69% over the five-year forecast period.
Future trends to watch for include the impact of technological advancements such as 5G expansion, potential market saturation effects, and evolving consumer preferences such as shifts towards mobile-centric internet usage and possible reductions in fixed broadband subscriptions. Monitoring regulatory changes and competition among mobile network providers will also be crucial for understanding the market dynamics.
