Total telecom and pay-TV service revenues in Mexico will grow at a CAGR of 6.9%, mainly driven by the increasing demand for fixed and mobile data services and, to a lesser extent, also the increasing adoption of pay-TV services.
The mobile data segment, accounting for an estimated 30.5% of the total telecoms service revenue during 2021, will remain the largest revenue contributor throughout the whole forecast period 2021-2026, expanding at a CAGR of 12.4%. Growth will be supported by increasing demand for mobile data connectivity, which we expect will accelerate from the second half of 2021 with the launch of commercial 5G services.
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The fixed broadband segment will expand at a CAGR of 8.5% during the forecast period. Growth will be supported by ongoing fixed broadband network investments from operators as well government-driven initiatives.
Despite the ongoing slowdown in service adoption and the increasing competition from OTT video service platforms, the pay-TV segment will continue expanding over the forecast period with revenue increasing at a CAGR of 2.8% between 2021 and 2026. Growth will be mainly supported by the adoption of multiplay service bundles including pay-TV services as one of its components.
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