Information and Communication Technology Broadband Internet Services Market is projected to grow up to 9.1% CAGR during the forecas...

Broadband Internet Services Market is projected to grow up to 9.1% CAGR during the forecasting period 2021-2027.

Various factors responsible for the rapid growth of the broadband internet services are the digital transformation of various industry verticals which requires broadband services. For instance, rising online commerce for retail goods and services, digitalization of hospital records, e-government initiatives and rapidly increasing platforms for media and entertainment content are considerably augmenting the broadband internet services market growth. Wireless technology has the immense potential in propelling the global digital revolution across verticals through productivity enhancements and economic reductions. As per the Organization for Economic Co-operation and Development (OECD), surge in the number of wireless subscribers has been a major growth driver for the broadband internet services market.

The broadband internet services market is likely to expand due to the rising application of broadband in global communication. With the increasing trend of global digitalization, governments, business and individuals are majorly dependent on high-speed seamless internet connections for purposes of education, information, interaction, and entertainment. The Global Broadband Internet Services Market research offers a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market variables.

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Key Driving Factors: Digital transformation initiatives in businesses, paving the way for broadband internet services

The rapid increase in the adoption of digital solutions has paved the way for the growth of broadband internet services market. Organizations across the world are extremely implementing technologically advanced applications among their verticals to engage customers in innovative and captivating ways; this increasing the requirement for adequate quality of broadband internet services. 

Driving Factor: Rising number of smartphone users across the world to fuel the market

Mobile technology has roll out rapidly around the world. Today, it is projected that more than 5 billion people have mobile devices, and majority of these connections are smartphones. Moreover, the people in developed economies are more likely to have smart phones and are more likely to use the broadband internet services and social media than people in developing countries.

Based on Vertical: 

End users of the market include business, household, and others. Among the business segment is having the major share in the market. Most businesses need a fast and seamless internet connection to connect internally with employees and externally with business partners and customers. Almost all aspects of new-age business models-such as marketing and sales, client engagement and profits analysis-resonate with the demand for broadband internet services.

This report offers the major market player’s profiles, such as Inmarsat Global Limited, Iridium Communications Inc., Verizon, Viasat, Inc., EchoStar Corporation, China Telecom Global Limited, EarthLink LLC, Intelsal, Singtel, KVH Mobile World., SpeedCast, Gilat Telecom, Skycasters, LLC., Hispasat, Nippon Telegraph and Telephone East Corporation, AT&T Intellectual Property, China Unicom (Hong Kong) Limited., Deutsche Telekom AG, Cambium Networks, Ltd. and Intracom Telecom.

The Broadband Internet Services Market report has been categorized as below

By Type

  • C band

  • Ku band

  • Ka band

By Broadband Connection

  • Fiber Optic

  • Wireless

  • Satellite

  • Cable

  • Digital Subscriber Line (DSL)

By Application

  • VoIP (voice over internet protocol)

  • Internet TV

  • Smart Home Application

  • Remote Education

  • Virtual Private LAN Service

  • Interactive Gaming

  • VPN On Broadband

By End-User

  • Business

  • Household

  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World
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Published Date : August-2021