In 2023, household expenditure on fixed voice services in the UK stood at 20.1 Pounds Sterling. From 2024 to 2028, forecast data shows a steady year-on-year decline. Specifically, a decrease from 19.8 in 2024 to 18.72 in 2028 marks a compound annual growth rate (CAGR) of approximately -1.4%. This continuous downward trend suggests a reduced household reliance on fixed voice services, likely driven by growing adoption of mobile and internet-based communication alternatives.
Future trends to watch for include:
- Continued impact of mobile and VoIP technologies on fixed voice service expenditures.
- Potential shifts due to regulatory changes or new technological advancements.
- Consumer preference trends towards bundled communication services.
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