Mexico Telecom Services Market Size & Outlook, 2026-2033
The telecom services market in Mexico is expected to reach a projected revenue of US$ 41.8 million by 2033. A compound annual growth rate of 5.1% is expected of Mexico telecom services market from 2026 to 2033.
Revenue, 2025 (US$M)
$28.3
Forecast, 2033 (US$M)
$41.8
CAGR, 2026 - 2033
5.1%
Report Coverage
Mexico
Related Markets
Mexico telecom services market highlights
- The Mexico telecom services market generated a revenue of USD 28.3 million in 2025 and is expected to reach USD 41.8 million by 2033.
- The Mexico market is expected to grow at a CAGR of 5.1% from 2026 to 2033.
- In terms of segment, mobile data services was the largest revenue generating service type in 2025.
- Machine-to-Machine (Mobile IoT) Services is the most lucrative service type segment registering the fastest growth during the forecast period.
Telecom services market data book summary
| Market revenue in 2025 | USD 28.3 million |
| Market revenue in 2033 | USD 41.8 million |
| Growth rate | 5.1% (CAGR from 2026 to 2033) |
| Largest segment | Mobile data services |
| Fastest growing segment | Machine-to-Machine (Mobile IoT) Services |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Voice Services, Fixed Internet Access Services, Mobile Voice Services, Mobile Data Services, Pay TV Services, Machine-to-Machine (Mobile IoT) Services |
| Key market players worldwide | AT&T, Verizon Communications Inc, Nippon Telegraph & Telephone Corp, China Mobile, Deutsche Telekom AG, SoftBank Group Corp, Telefonica SA, Vodafone Group PLC, KT Corp ADR, Reliance Inc, KDDI Corp, Orange SA, BT Group PLC, Comcast Corp Class A |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.3% of the global telecom services market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. telecom services market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 911.2 million by 2033.
Mobile data services was the largest segment with a revenue share of 34.28% in 2025. Horizon Databook has segmented the Mexico telecom services market based on fixed voice services, fixed internet access services, mobile voice services, mobile data services, pay tv services, machine-to-machine (mobile iot) services covering the revenue growth of each sub-segment from 2021 to 2033.
According to the latest official data from IFT, the telecommunication regulator of Mexico, about 66% of households in the country have internet access.
In July 2022, the Mexican government announced that it is investing MXN 30 billion (USD 1.5 billion) to improve internet connectivity, particularly in isolated rural areas. Such favorable government initiatives are fostering the growth of the telecom services market in Mexico.
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Telecom Services Market Scope
Telecom services market segmentation & scope
Others
Telecom Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| China Mobile | View profile | 10001+ | Hong Kong, Hong Kong Island, Hong Kong, Asia | http://www.chinamobileltd.com |
| BT Group PLC | View profile | 97100 | 1 Braham Street, London, United Kingdom, E1 8EE | https://www.bt.com |
| KDDI Corp | View profile | 86331 | Garden Air Tower, 10-10, Iidabashi 3-chome, Chiyoda-ku, Tokyo, Japan, 102-8460 | http://www.kddi.com |
| KT Corp ADR | View profile | 19737 | 90 Bulljeong-ro (206 Jungja-dong), Bundang-gu, Gyeonggi-do, Seongnam-si, Korea, Republic of, 13606 | https://corp.kt.com |
| SoftBank Group Corp | View profile | 86023 | 1-9-1 Higashi-shimbashi, Minato-ku, Tokyo, Japan, 105-7303 | https://www.group.softbank |
| Nippon Telegraph & Telephone Corp | View profile | 381653 | 5-1, Otemachi 1-Chome, Otemachi First Square, East Tower, Chiyoda-Ku, Tokyo, Japan, 100-8116 | http://www.ntt.co.jp |
| Comcast Corp Class A | View profile | 186000 | One Comcast Center, Philadelphia, PA, United States, 19103-2838 | https://www.comcastcorporation.com |
| Telefonica SA | View profile | 104142 | Ronda de la Comunicacion, s/n, Central Building Auditorium, Floor 3, Telefonica District, Madrid, Spain, 28050 | https://www.telefonica.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| Vodafone Group PLC | View profile | 85225 | Vodafone House, The Connection, Newbury, Berkshire, United Kingdom, RG14 2FN | https://www.vodafone.com |
| Deutsche Telekom AG | View profile | 201251 | Friedrich-Ebert-Allee 140, Bonn, Germany, 53113 | https://www.telekom.com |
| Verizon Communications Inc | View profile | 105400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | https://www.verizon.com |
| Reliance Inc | View profile | 15500 | 16100 N. 71st Street, Suite 400, Scottsdale, AZ, United States, 85254 | https://www.reliance.com |
| Orange SA | View profile | 129500 | 111 Quai du President Roosevelt, Issy-les-Moulineaux, Paris, France, 92130 | https://www.orange.com/en |
Mexico telecom services market size, by service type, 2021-2033 (US$M)
Mexico Telecom Services Market Outlook Share, 2025 & 2033 (US$M)
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