Published Date: 18-Nov-2021
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According to a new report Global Broadband Services Market, published by KBV research, The Global Broadband Services Market size is expected to reach $628 billion by 2027, rising at a market growth of 8.6% CAGR during the forecast period.
The business segment acquired the maximum revenue share of the broadband services market in 2020. The majority of companies need a rapid and constant internet connection to establish communication internally with workers and externally with customers & business partners. The demand for broadband services is reflected in almost every aspect of modern business model including marketing & sales, profits analysis, and client engagement.
The wireless broadband service segment is expected to exhibit the fastest growth rate during the forecast period. Factors such as technological developments and user convenience are responsible for the growth of this segment. Wireless services utilize radio waves or Wireless Fidelity (Wi-Fi) as compared to other broadband connections which use cables. The demand and application of wireless broadband services have further increased by the rapid evolution of mobile wireless services from 3G to 4G and now, emerging 5G technology.
In 2020, the APAC region emerged as the leading region by obtaining the maximum revenue share in the broadband services market. This growth is attributed to the wide accessibility, technological developments, and supportive government initiatives in the region. As the prominent countries of the region such as China and Japan accept high-speed broadband, the utilization rates and customer base would significantly increase in the upcoming years.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Broadband Connection
By End User
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