Broadband Services Market Size, Share Statistics 2021-2030

According to a report from Precedence Research, the global broadband services market is forecast to touch $748.6 billion by 2030, up from $379.82 billion in 2021, indicating an annual growth rate of 7.8% in this period. The report contains 150+ pages with detailed analysis.

The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The broadband services market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

The internet has witnessed a huge and rapid traction across the globe. The increasing importance of the digital technologies is forcing the various industry players and the customers to shift to the digital platforms. The rising adoption of the latest digital technologies across various industry verticals such as education, retail, healthcare, and banking has significantly driven the growth of the global broadband services in the past few decades.

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The rising demand for the implementation and deployment of various technologies such as cloud computing, AI, IoT, and social media is expected to boost the demand for the broadband services across the globe. Moreover, the rising adoption of the online education, work from home, e-commerce, and social media platforms among the consumers and the providers is fueling the growth of the broadband services market. Moreover, the rising government investments in the development of sophisticated telecommunications and IT infrastructure are supporting the broadband services market growth all over the globe.

Report Highlights

• Based on the connection, the wireless is estimated to be the most opportunistic segment. The wireless broadband offers more convenience, enhanced user experience, and higher speed to the customers. The wireless broadband uses radio waves that eliminate the inconveniences associated with the cable and the fiber optics connections.
• Based on the end user, the business segment accounted for around 45% of the market share and dominated the market in 2020. This is simply attributable to the increased demand for the internet connectivity among the business entities across the globe. Moreover, the rising adoption of the latest digital technologies like AI, IoT, and data analytics requires high speed and uninterrupted internet connection that is expected to boost the demand for the broadband services among the business organizations across the globe.

Scope of the Broadband Services Market

Market Dynamics

Driver

Rising penetration of internet and digital platforms

According to the International Telecommunication Union (ITU), the number of internet users reached at 4 billion by the end of 2019. Most of the internet users had access to the internet through smartphones. The rising adoption of smartphones, tablets, smart TVs, and other such smart devices along with the availability of cheap data is expected to drive the growth of the global broadband services market during the forecast period.

Restraint

Lack of knowledge and higher illiteracy rates

Most of the users in the developing and the underdeveloped regions are illiterate and lacks the knowledge of operating a smart devices like smartphones. Their lack of education and lower access to the smart devices is a major constraining factor that may hinder the growth of the broadband services market during the forecast period.

Opportunity

Introduction of 5G

The introduction of 5G is estimated to present huge growth opportunities to the market players. The improved speed and enhanced customer experience are the most important features that the customers and the corporate users are expecting from the 5G technology and this will rapidly boost the demand for the 5G broadband services across the globe.

Challenge

Inadequate infrastructure in the rural regions

The rural regions especially in the developing and the underdeveloped nations has low infrastructure that makes the adoption of the broadband services impossible for the customers. Moreover, the lack of electricity in majority of the rural areas is a major challenge for the market players that may restrict the growth.

Regional Snapshot

In 2020, Asia Pacific dominated the global broadband services market and accounted for a market share of around 27%. Asia Pacific is witnessing rapid industrialization and urbanization along with the rapid development of the IT and telecommunications infrastructure. The growing demand among the various large and small business entities to adopt the latest digital technologies are augmenting the demand for the high speed and uninterrupted broadband services. Moreover, the availability of cheap data in the region is resulting in the increased adoption of smart devices and increased adoption of internet. The booming education industry in Asia Pacific has witnessed a rapid surge in the demand for the online education and online entertainment, which has exponentially boosted the growth of the broadband services market in the past couple of years. For these reasons, Asia Pacific is also expected to be the fastest-growing region.

Europe was the second-most prominent market in 2020. The higher adoption of the latest technologies across the BFSI, retail, and healthcare sector has propelled the demand for the broadband services in Europe. Moreover, the increased adoption of the automation and digital technologies in the manufacturing sector has fueled the demand for the broadband services in the past years.

Key Companies & Market Share Insights

The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the major players in the global broadband services market include:

• Comcast
• AT&T Intellectual Property
• Verizon Communications, Inc.
• Cox Communications, Inc.
• Charter Communications, Inc.
• Time Warner Cable, Inc.
• Rogers Communications, Inc.
• Qwest Communications International, Inc.
• Cablevision Systems Corp.

Market Segments Covered

By Connection

• Fiber Optic
• Cable
• Satellite
• Wireless
• Digital Subscriber Line

By End User

• Business
• Household
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of the Middle East & Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Broadband Services Market 

5.1. COVID-19 Landscape: Broadband Services Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Broadband Services Market, By Connection

8.1. Broadband Services Market, by Connection Type, 2021-2030

8.1.1. Fiber Optic

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Cable

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Satellite

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Wireless

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Digital Subscriber Line

8.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Broadband Services Market, By End User

9.1. Broadband Services Market, by End User, 2021-2030

9.1.1. Business

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Household

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Others

9.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Broadband Services Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Connection (2019-2030)

10.1.2. Market Revenue and Forecast, by End User (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Connection (2019-2030)

10.1.3.2. Market Revenue and Forecast, by End User (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Connection (2019-2030)

10.1.4.2. Market Revenue and Forecast, by End User (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Connection (2019-2030)

10.2.2. Market Revenue and Forecast, by End User (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Connection (2019-2030)

10.2.3.2. Market Revenue and Forecast, by End User (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Connection (2019-2030)

10.2.4.2. Market Revenue and Forecast, by End User (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Connection (2019-2030)

10.2.5.2. Market Revenue and Forecast, by End User (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Connection (2019-2030)

10.2.6.2. Market Revenue and Forecast, by End User (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Connection (2019-2030)

10.3.2. Market Revenue and Forecast, by End User (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Connection (2019-2030)

10.3.3.2. Market Revenue and Forecast, by End User (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Connection (2019-2030)

10.3.4.2. Market Revenue and Forecast, by End User (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Connection (2019-2030)

10.3.5.2. Market Revenue and Forecast, by End User (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Connection (2019-2030)

10.3.6.2. Market Revenue and Forecast, by End User (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Connection (2019-2030)

10.4.2. Market Revenue and Forecast, by End User (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Connection (2019-2030)

10.4.3.2. Market Revenue and Forecast, by End User (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Connection (2019-2030)

10.4.4.2. Market Revenue and Forecast, by End User (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Connection (2019-2030)

10.4.5.2. Market Revenue and Forecast, by End User (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Connection (2019-2030)

10.4.6.2. Market Revenue and Forecast, by End User (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Connection (2019-2030)

10.5.2. Market Revenue and Forecast, by End User (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Connection (2019-2030)

10.5.3.2. Market Revenue and Forecast, by End User (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Connection (2019-2030)

10.5.4.2. Market Revenue and Forecast, by End User (2019-2030)

Chapter 11. Company Profiles

11.1. Comcast

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. AT&T Intellectual Property

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Verizon Communications, Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Cox Communications, Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Charter Communications, Inc.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Time Warner Cable, Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Rogers Communications, Inc.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Qwest Communications International, Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Cablevision Systems Corp.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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The purpose of Precedence Research’s broadband services market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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