Broadband Services Market to Surpass US$ 750.9 Billion by 2030, Says Coherent Market Insights
BURLINGAME, Calif., Jan. 9, 2024 /PRNewswire/ -- According to Coherent Market Insights, global broadband services market is generated $410.82 billion in 2023, and is anticipated to generate $750.9 billion by 2030, witnessing a CAGR of 9% from 2023 to 2030.
- BURLINGAME, Calif., Jan. 9, 2024 /PRNewswire/ -- According to Coherent Market Insights, global broadband services market is generated $410.82 billion in 2023, and is anticipated to generate $750.9 billion by 2030, witnessing a CAGR of 9% from 2023 to 2030.
- Broadband services offer the bandwidth required to stream high-quality videos without buffering, which has fueled the market growth.
- Two key trends noticed in the Broadband Services Market are the advent of 5G technology and the increasing focus on fiber optic networks.
- The demand for 5G-enabled devices and services is on the rise, thereby driving the growth of the broadband services market.