North America 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 North America Broadband Services Market would witness market growth of 8.5% CAGR during the forecast period (2021-2027).
One of the key drivers for the growth of the broadband services market is the constantly rising demand for broadband services owing to their capability to provide rapid data access to the internet with the help of a broad range of technologies. Moreover, this growth is further driven by the supportive government initiatives, technological developments for enhanced user experience, increased consumer awareness, and higher usage of devices like MIDs, mobile phones, tablets, and eBooks that need a broadband connection. The overall market of broadband services is supported by high-speed internet and the broad availability of broadband services.
According to the statistics of internetworldstats, around 90.3% of the population in North America has access to the internet. This reflects the strong dependency of the regional population on the internet for various functions like accessing social media platforms, viewing video content on OTT & other platforms and doing other works that require seamless internet connection. Some of the prominent countries of the region include the US, Canada, and Mexico and they are expected to contribute heavily to the growth of the regional market.
After 9/11, government authorities in North America have been taking significant measures to enhance public safety by putting investments in broadband technologies. Many supportive initiatives are undertaken for wireless spectrums, underlying a broad range of opportunities existing in the regional market. Therefore, these factors are expected to create lucrative opportunities for the players operating in the regional broadband services market during the forecast period.
Factors such as the existence of many key market players in the region and being a technologically sophisticated region with an increasing number of early adopters are expected to create lucrative growth opportunities for the regional market. Moreover, the increasing investment of governments in broadband services would boost the demand for the adoption of wireless hotspots and Wi-Fi solutions and services in the regional market. Therefore, these factors are likely to boost the growth of the regional market during the forecasting period.
The US market dominated the North America Broadband Services Wireless Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $39158.9 million by 2027. The Canada market is experiencing a CAGR of 10.7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.7% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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