In 2023, mobile broadband subscriptions in Mexico stood at 89.13 per hundred persons. The forecasted data from 2024 to 2028 indicate a consistent upward trend, with the value increasing from 90.67 in 2024 to 94.84 in 2028. This represents a steady year-on-year growth. Specifically, the value grows by 1.51% from 2024 to 2025, 1.22% from 2025 to 2026, 0.99% from 2026 to 2027, and 0.80% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period is approximately 1.56%.
Future trends to watch for:
- Increased deployment of 5G networks enhancing subscription rates.
- Government initiatives for digital inclusion potentially bolstering low-income areas' broadband adoption.
- A rising demand for internet-of-things (IoT) devices driving mobile broadband subscriptions.
- Potential market saturation and its impact on growth rates in the latter years of the forecast period.