22 May 2019
Posted in Technology
Mobile subscriptions in the Americas will expand at a CAGR of 4.1% between 2018 and 2023
Mobile subscriptions in the Americas will reach 1.5 billion by 2023 from 1.2 billion in 2018, growing at a 4.1% 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% share of total mobile subscription in the country by 2023.
Leandro Agion, Technology Analyst at GlobalData, commented, ‘‘Mobile penetration will rise from 120.8% in 2018 to 141.1% 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% in 2018 to 70.1% 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.