The world is changing rapidly and internet, is definitely the major reason behind this. Ever since internet arrived in the popular culture, it has been rampantly driving the growth of almost every industry. Number of people using internet are constantly rising. Many factors are helping this market grow. Availability of internet at extremely low rates courtesy of continuously surging competition between mobile network and internet service providers is a boon to the global high-speed broadband services market. Also growing number of smartphone users’ courtesy of availability of latest mobile phones at very affordable rates help this market grow.
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Unlike other industries, the global high-speed broadband services market was tremendously benefitted by the COVID-19 pandemic. Changing working culture as majority of companies were forced to shut and this is why majority of working-class population found solace in internet services. The consumption of internet services went up during the pandemic, ultimately helping this market grow.
New ways of internet services are carving a niche for themselves, especially wireless category, this is likely to slow down the growth of the global high-speed broadband services market.
Despite few hindrances, the global high-speed broadband services market is forecasted to witness tremendous growth as internet usage is almost similar to addiction, and high-speed broadband services are definitely here to stay for long. The global high-speed broadband services market was valued at US$ 298.4 Bn in 2021, growing at an estimated CAGR of 9.7% over the forecast period (2022 – 2030).
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By End User, Residential Segment is forecasted to witness growth at the fastest rate for the global high-speed broadband services market in 2022
Rising number of smartphone users along with arrival of smart TVs and gadgets that work on artificial intelligence is the reason why household use of internet has gone up massively. Availability of high-speed broadband services at cheaper rates, and increasing costs of mobile data packs help this market grow rapidly.
Europe Region is Expected to Witness Second Highest Growth Over the Forecast Period (2022 – 2030) in the Global High-Speed Broadband Services Market
Majority of countries in the continent of Europe have already rolled out high speed internet like 5G and 6G. Presence of leading internet service providers’ help this market spread wings across the region.
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Some of the major players operating in the global high-speed broadband services market are listed below:
- AT&T Intellectual Property
- Charter Communications
- Consolidated Communications
- Cox Communications, Inc.
- CSC Holdings, LLC (Optimum)
- Earthlink LLC
- Frontier Communications Corporation
- Google Fiber Inc.
- Hughes Network Systems, LLC
- Suddenlink Communications,
- TDS Telecommunications LLC
- Verizon Communications Inc.
- Viasat, Inc.
- WideOpenWest Finance, LLC
- Other Market Participants
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Global High-Speed Broadband Services Market Segmentation
Global high-speed broadband services market has been segmented by type of connection, data cap, contract, speed, end user and region which are further classified into respective countries:
Global High-Speed Broadband Services Market Type of Connection Outlook (Revenue, USD Million, 2015 - 2030)
- Digital Subscriber Line
- Cable Modem
- Broadband over Powerlines
Global High-Speed Broadband Services Data Cap Outlook (Revenue, USD Million, 2015 - 2030)
- 1 TB/ mo
- 1-6 TB/ mo
Global High-Speed Broadband Services Market Contract Outlook (Revenue, USD Million, 2015 - 2030)
Global High-Speed Broadband Services Market Speed Outlook (Revenue, USD Million, 2015 - 2030)
- Less than 10 Mbps
- 10-20 Mbps
- 20- 50Mbps
- 940 Mbps
Global High-Speed Broadband Services Market End User Outlook (Revenue, USD Million, 2015 - 2030)
Global High-Speed Broadband Services Market Regional Outlook (Revenue, USD Million, 2015 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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