The mobile broadband subscription market in the US has experienced steady growth from 2013 to 2023, with subscriptions rising from 298.07 million to 615.89 million. The year-on-year variation has generally trended downward from a high of 12.34% in 2015 to 4.92% in 2023. The compounded annual growth rate (CAGR) over the last five years leading up to 2023 was 5.39%, reflecting a maturing market with stabilizing growth rates.
Looking forward, the forecasted CAGR from 2024 to 2028 is projected to be 3.32%, indicating continued but slower growth. The predicted subscription count for 2028 is 759.79 million, a 17.75% increase from 2023 levels. Observing this data highlights a trend of gradual cooling in market expansion.
Future trends to watch for:
- Increasing market saturation may reduce the rate of new subscriptions.
- Technological advancements, such as 5G proliferation, could drive higher demand and new revenue streams.
- Competitive dynamics and pricing strategies among carriers could influence subscription growth.
- Potential regulatory changes and economic factors may impact consumer spending on mobile broadband services.