Mobile Subscriptions in Americas Expand at a CAGR of 4.1 Percent
Mobile subscriptions in the Americas will reach 1.5 billion by 2023 from 1.2 billion in 2018, growing at a 4.1 percent CAGR over the period, says GlobalData, a leading data and analytics company.
5G Mobile subscriptions in the Americas will reach 204 million by 2023. with MNOs gearing up to launch 5G services over 2019-2020, we expect the US to lead the 5G market in the Americas with 5G accounting for 26.8 percent share of total mobile subscription in the country by 2023.
Leandro Agion, Technology Analyst at GlobalData, commented, ‘‘Mobile penetration will rise from 120.8 percent in 2018 to 141.1 percent by 2023, led by a significant rise in penetration levels, in the US and Canada in North America and Brazil and Mexico; in LATAM with rising M2M/IoT subscriptions.”
4G will be the leading mobile technology over 2018-2023 with its share rising from 59.6 percent in 2018 to 70.1 percent by 2023. Growth will be driven by 4G network expansions by MNOs. especially in LATAM. Moreover, MNOs in North America like ‘AT+T’ are looking to shut down 3G networks by 2022 and reuse the spectrum for 4G/5G services.
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