Forecast: Fixed Broadband Subscriptions in Singapore

The fixed broadband market in Singapore has shown variability in the past decade. From 2013 to 2021, subscriptions fluctuated with marginal declines and rebounds, reflecting a mixed growth pattern. Notably, 2022 marked a sharp increase in subscriptions by 45.42%, reaching 37.36 subscriptions per hundred persons. By 2023, this continued upward trend saw subscriptions rise by another 3.38%, hitting 38.62 units per hundred persons.

For the next five years, forecasts predict a consistent growth trajectory, culminating in 44.66 subscriptions per hundred persons by 2028. The compound annual growth rate (CAGR) over this period is expected to be 2.3%, indicating a stable yet modest growth outlook.

Future trends to watch for include potential market saturation, innovations in broadband technology, and increased demand for high-speed connectivity spurred by the proliferation of smart devices and IoT in Singapore.