The Rise of Global Broadband
It’s no secret that the use of the internet is increasing on a daily basis, you would have to be living under a rock, in a very deep cave, on the dark side of the moon not to notice.
Companies are using superfast Business Broadband in a bid to compete for their piece of the global market, and help improve their overall efficiency. Not to mention the amount of residential users now logging on to social media and other online services. A platform which has grown exponentially in recent times, and with that the need for increased broadband usage, speed and demand.
ABI Research has released a study that shows that several types of broadband internet connection were on the rise in 2011, with subscription numbers and service revenue both having grown significantly in the 12 month period.
The Broadband Research Analyst Khin Sandi Lynn at ABI, stated; “Fibre broadband adoption has grown rapidly over the past years. Consumers are becoming increasingly reliant on a number of data-intensive services such as high-definition online video services, internet protocol television and online gaming.”
Certainly, business users are able to use services VoIP and conference calls much more effectively with these less restricting access speeds available to their business. One can also imagine that such increases in speed will increase any online workforce’s productivity. Reducing the waiting time for updates and critical file transfers, from clients, co workers and business partners.
It has been said that the constantly growing demand has convinced a large majority of of large broadband providers to release radical upgrades to their services. In the UK this is certainly very clear to see, where British Telecom, (BT) announced it would be upgrading certain parts of the country with connection speeds of up to 300 Megabits per second (Mbps), and Virgin Media have made 100 Mbps available to 10 million potential users.
ABI added that the increase in broadband speed is set to continue, and have a positive impact on the industry over the years to come. Certainly it seems obvious when it is predicted the fixed broadband sector will generate revenue of $191 billion (£121 billion) in 2012 and this is expected to increase to $217 billion by 2016.