From 2013 to 2023, the number of wireless service subscribers in Canada generally increased, starting from 28.36 million units in 2013 and reaching 32.42 million units in 2023. This period saw fluctuations in year-on-year variations, with notable peaks in 2015 (3.39%) and 2020 (5.95%). The Last CAGR (2018-2023) stands at approximately 0.88%, reflecting a slowdown towards the end of this period. In 2022, there was a decline (-3.95%) followed by a slight recovery (0.83%) in 2023.
Future trends indicate modest growth, with the forecasted five-year CAGR (2024-2028) at 0.56% and total growth rate over this period estimated at 2.82%. By 2028, the number of subscribers is expected to reach 33.74 million units.
Key future trends to watch for include the adoption of 5G technology, internet of things (IoT) proliferation, increased demand for mobile data, and potential market saturation impacting growth rates.
