The global broadband services market size is expected to be worth around US$ 720.94 billion by 2030, according to a new report by Vision Research Reports.
The global broadband services market size was valued at US$ 360.09 billion in 2020 and is anticipated to grow at a CAGR of 12.1% during forecast period 2021 to 2030.
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Broadband Services Market (By Broadband Connection: Fiber Optic, Wireless, Satellite, Cable, Digital Subscriber Line (DSL); By End-user: Business, Household) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 720.94 billion by 2030 |
| Growth Rate | CAGR of 12.1% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Broadband Connection, End-user |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | COMCAST; AT&T; Verizon; Cox Communications, Inc. |
Growth Factors
The rapidly escalating demand for broadband services due to their ability to offer higher date access to the internet using a wide spectrum of technologies is a major growth propeller for the market.
Digital transformation of several industry verticals requires broadband services, thereby promoting the market growth. For instance, increasing online commerce for retail goods and services, digitalization of hospital records, e-government initiatives, and rapidly rising platforms for media and entertainment content are notably augmenting the market growth. Wireless technology holds immense potential in accelerating the global digital revolution across verticals through productivity enhancements and cost-effectiveness.
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Broadband Services are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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