Europe Broadband Services Market By Broadband Connection (Fiber Optic, Wireless, Satellite, Cable, and Digital Subscriber Line (DSL)), By End User (Business, Household, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Europe Broadband Services Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027).
The growing demand for small satellites for a wide coverage of areas that have less connectivity and constantly increasing in R&D activities of broadband services would open new growth avenue for broadband services would fuel the growth and demand for broadband services in the market. However, factors such as the low number of investments by cooperates, government, huge prices of fiber optic cable along with its installation, and the issue of breaches & interception would pose serious challenges to the growth of the broadband services market during the forecasting period. Conversely, the market is expected to witness lucrative growth opportunities due to the constant technological developments in wireless broadband services and higher speed on a next-generation network.
The constant rise in the applications of broadband in global communication would help the market to grow further. Companies, individuals, and governments are getting more reliant on high-speed streamlined internet connections for the purpose of education, interaction, information, and entertainment due to the emerging trend of global digitalization. Moreover, the broadband services market would be further driven by the constantly evolving R&D activities of broadband services to make it more industry-specific and application-centric.
A highly increasing customer base because of the rising significance of SMEs, along with the decline in TCO would boost the growth of broadband services in the region. Currently, there has been increasing adoption of smart devices and the internet in the region, reflecting the requirement for trustworthy and safe internet connectivity. In addition, the mobile workforce and BYOD trend are constantly increasing in the region due to the improvements in broadband and mobile infrastructures. These aspects would contribute to the increased deployment rate of broadband services, thereby boosting the growth of the regional market.
Moreover, the region is home to some of the most developed countries, hence acting as a catalyst for the growth & demand for broadband services in the market. The majority of the regional population has high disposable income which allows them to install broadband services for varied purposes. Hence, these factors are likely to accelerate the growth and demand for broadband services in the market.
The Germany market dominated the Europe Broadband Services Satellite Market by Country 2020, thereby, achieving a market value of $9747 million by 2027. The UK market is exhibiting a CAGR of 8.4% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 9.9% during (2021 - 2027).
Based on Broadband Connection, the market is segmented into Fiber Optic, Wireless, Satellite, Cable, and Digital Subscriber Line (DSL). Based on End User, the market is segmented into Business, Household, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Broadband Services Market Size will Hit $628 Billion by 2027, at a CAGR of 8.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AT&T, Inc. (AT&T Intellectual Property), Verizon Communications, Inc., Comcast Corporation, Qwest Communications International, Inc. (Lumen Technologies, Inc.), NTT Data Corporation, Charter Communications, Inc., T Mobile USA, Inc., Bell Canada Enterprises, Inc., Singapore Telecommunications Limited (Temasek Holdings), and Cox Communications, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Broadband Connection
- Fiber Optic
- Digital Subscriber Line (DSL)
By End User
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- AT&T, Inc. (AT&T Intellectual Property)
- Verizon Communications, Inc.
- Comcast Corporation
- Qwest Communications International, Inc. (Lumen Technologies, Inc.)
- NTT Data Corporation
- Charter Communications, Inc.
- T-Mobile USA, Inc.
- Bell Canada Enterprises, Inc.
- Singapore Telecommunications Limited (Temasek Holdings)
- Cox Communications, Inc.
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