Mobile Subscriptions in Latin America To Hit 885 Million by 2020, Research Says
Mobile subscriptions in Latin America are projected to reach 757.2 million in 2015 and 885 million by year-end 2020, said a report released Wednesday by Pyramid Research. The growth is expected to be driven by the expansion of network coverage…
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to unserved and underserved locations, the implementation of pro-competition policies and an uptake of cellular connected machine-to-machine and IoT devices, the research said. Pyramid Research predicts the Latin American mobile service market will be worth $80.3 billion by year-end 2015 and that mobile data revenue will account for more than 60 percent of the region's total mobile service revenue by 2020. As of 2014, LTE connections accounted for just 1.9 percent of all mobile subscriptions in Latin America, the research said, but it projects LTE connections will make up about 4.2 percent of the region's total mobile subscriptions by the end of 2015.