Market Segmentation
Over the past few years, there has been a significant increase in internet service subscribers worldwide. These services include fixed broadband, WiFi, and mobile networking, such as 3G, 4G, and LTE. The rise in internet users can be attributed to various factors, including the development of infrastructure, widespread use of smartphones, and reduced internet service prices. According to Cisco Systems, Inc., it is estimated that nearly two-thirds of the global population will have internet access by 2023. The total number of internet users is projected to grow from 3.9 billion in 2018 to 5.3 billion by 2023, with a compound annual growth rate of 6% during this period. This increasing demand for internet services has also increased the need for internet bandwidth. Additionally, the popularity of cloud-based applications, audio-video streaming, and Video-on-Demand (VoD) services has further fueled this requirement. Telecom service providers are now compelled to purchase dark fiber and focus on building their fiber networks in anticipation of the regulated demand for mobile data and the upcoming launch of 5G services. As a result, the demand for dark fibers is expected to increase in the coming years significantly. In response to the high bandwidth requirement from consumers, many internet service providers are investing in the development of fiber optic infrastructure in their respective regions. For example, in 2017, Reliance Jio Infocomm Ltd., a leading telecommunications company in India, approached Bharat Broadband Network Limited to lease their dark fiber. Through this partnership, Reliance Jio Infocomm Ltd. aimed to expand its presence in rural India and provide 4G and other LTE services to customers.
The Internet of Things (IoT) refers to a network of interconnected devices that are equipped with sensors, software, and electronics, allowing them to gather and exchange information. These devices play a crucial role in automating various tasks and functions across different industries. Currently, there are approximately 7 billion active IoT devices worldwide, which is expected to surpass 10 billion by 2020 and reach 20 billion by 2027, thanks to the continuous growth of the IT industry. However, the widespread adoption of IoT technology in different sectors has resulted in an increase in data traffic. This has created a demand for fast and uninterrupted data connections to manage the vast amount of information efficiently. Furthermore, IoT technology is expected to have significant applications in areas such as autonomous vehicles and robotic surgeries, where any data transmission delay can severely affect safety and human life.
The increasing demand for bandwidth-intensive, high-speed, and high-data rate applications has significantly impacted the global broadband services market. This has led to a shift in the market dynamics, with broadband network deployments expected to drive market growth in the coming years. The broadband infrastructure comprises various components, including fiber optics, optical cables, transmitters, receivers, etc. The installation process for the entire system is labor-intensive, particularly for underground and undersea connections, which are costly and time-consuming. Moreover, the raw materials used for internet infrastructure, such as high-quality glass, plastic, and silica, are expensive. As a result, undersea connections require robust and durable cables to ensure reliable and efficient connectivity, making the broadband infrastructure a costly investment. However, continuous research and development efforts are being made to explore alternative solutions that can reduce deployment costs soon, considering the high expenses and complex installation procedures involved.
This section will provide insights into the contents included in this broadband services market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance