Broadband internet service is the most popular internet service because it offers high access speed, and is obtainable in four forms – fiber-optic, satellite, cable, and DSL (digital subscriber line). Conventional dial-up connections are the only dependable non-broadband internet service but because they tend to be slower, most customers prefer faster and more reliable broadband internet connections.
Global Broadband Internet Access Services Market: Overview
Broadband internet service is the most popular internet service because it offers high access speed, and is obtainable in four forms – fiber-optic, satellite, cable, and DSL (digital subscriber line). The conventional dial-up connections are the only dependable non-broadband internet service but because they tend to be slower, most of the customers prefer faster and more reliable broadband internet connections.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2022 |
Historic Years | 2018 - 2022 |
Forecast Years | 2023 - 2030 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Broadband Internet Access Services Market: Growth Factors
The rising demand for consumer broadband is steering the expansion of the global broadband internet access services market. Also, the surging application and usage of internet in sharing information, communication, education, gaming, and the entertainment sector majorly supports the development of customer broadband. Additionally, the government plays a pivotal role in augmenting the demand for broadband internet access services by encouraging the use broadband internet access services in the remote areas and rural regions, increasing cost-effectiveness, offering better online public services in all sectors, and ensuring safety, quality standards, and privacy.
The COVID-19 pandemic has impacted organizations globally by disturbing supply chains which in turn has strained the global economy. However, this has also given rise to the WFH culture because people from various countries have to follow social distancing and abide to the COVID norms given by the regional government bodies. People are confined to their homes and there has been a tremendous rise in the utilization of broadband services to get uninterrupted internet connectivity. There has been a rise in the number of gamers which in turn has caused a massive demand for broadband services. Broadband internet access services are also used for streaming movies, audiobooks, videos, and music as people are spending most of their time at home. Also, because of the temporary shutdown of schools, colleges, and universities, students continue to attend online classes and lectures. This factor will also significantly affect the expansion of the global broadband internet access services market.
On the other hand, the high price of fiber optic cables is a factor expected to restrain the expansion of the global broadband internet access services market in the forthcoming times.
Global Broadband Internet Access Services Market: Segmentation
The global broadband internet access services industry has been segmented by type, application, connection outlook, end-user, and region. On the basis of type, the market can be classified into C band, Ku band, and Ka band. Based on application, the global broadband internet access services market has been segregated into internet TV, VoIP (voice over internet protocol), remote education, VPN on broadband, interactive gaming, smart home application, and virtual private LAN service.
By connection outlook, the global broadband internet access services market is divided into wireless, fiber optic, digital subscriber line (DSL), cable, and satellite. On the basis of end-user, the market has been differentiated into household, business, and others.
Global Broadband Internet Access Services Market: Regional Analysis
Europe is expected to dominate the global broadband internet access services industry due to the rapidly developing telecommunications industry, higher standards of living, high disposable incomes, surging inventions, and technological enhancement in the region.
North America will account for a large share of the global broadband internet access services market due to the fully developed internet industry, high standard of living, availability of state-of-the-art internet infrastructure which rarely fails to meet the needs of the people, growing need of internet among people of all ages due to the emergence of the WFH (Work from Home) culture, and surging application of internet over all sectors of the economy.
Asia Pacific is anticipated to exhibit phenomenal growth rate over the upcoming times. This is attributable to the increasing disposable incomes of the people, rapid urbanization & industrialization, surging customer base, and the presence of several internet service providers who offer good quality services at nominal rates in this region.
Global Broadband Internet Access Services Market: Competitive Players
The key industry names operating in the global broadband internet services industry are emphasizing on enhancing their services and digital infrastructure to meet the rising requirements of the consumers. The companies are also using key strategies such as expansions, innovations, mergers & acquisitions, partnerships, and collaborations.
The major companies competing in the global broadband internet access services market comprise ViaSat, Inmarsat, SES Astra, EchoStar, Intelsat General, IDirect, Earthlink Holding Corp., Singtel, and Iridium Communications. AT&T, Time Warner Cable, Orange SA, Cambium Networks, Redline communications, China Unicom, China Telecom, NTT, Sppedcast, Skycasters, Avonline Satellite Solutions Ltd., HISPASAT Group, Comcast, RADWIN, Proxim Wireless, Korea Telecom, Intracom Telecom, Verizon, Eutelsat, and Gilat Satellite Networks.
Global Broadband Internet Access Services Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
Asia Pacific is anticipated to exhibit phenomenal growth rate over the upcoming times. This is attributable to the increasing disposable incomes of the people, rapid urbanization and industrialization, surging customer base, and the presence of several internet service providers who offer good quality services at nominal rates in this region.
The major companies competing in the global broadband internet access services market comprise of ViaSat, Inmarsat, SES Astra, EchoStar, Intelsat General, IDirect, Earthlink Holding Corp., Singtel, and Iridium Communications. AT&T, Time Warner Cable, Orange SA, Cambium Networks, Redline communications, China Unicom, China Telecom, NTT, Sppedcast, Skycasters, Avonline Satellite Solutions Ltd., HISPASAT Group, Comcast, RADWIN, Proxim Wireless, Korea Telecom, Intracom Telecom, Verizon, Eutelsat, and Gilat Satellite Networks.
The rising demand for consumer broadband is steering the expansion of the global broadband internet access services market. Also, the surging application and usage of internet in sharing information, communication, education, gaming, and the entertainment sector majorly supports the development of customer broadband.
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