About 350 million new consumers will come online by 2015, according to an IHS (News - Alert) iSuppli Broadband & Digitally Connected Home Market Tracker report from information and analysis provider HIS.
The global broadband subscriber base is set to grow by nearly 60 percent in the coming years due to the rising demand for fast Internet access, particularly from China and other developing regions.
IHS report indicates that the global number of broadband subscribers will amount to 676 million in 2012 and 949 million by 2015.
“Global broadband subscriber activity serves as a long-term barometer of the overall health of the broadband industry, as well as an accurate prognosticator of prospects for the space’s associated markets in broadband equipment and broadband-related semiconductors,” said Lee Ratliff, senior analyst for broadband and digital home at IHS. “With demand for Internet access rising quickly in China as well as in other fast-growing economies in the Asia-Pacific region, the broadband supply chain is set for strong growth in the coming years.”
China accounted for 38 percent of all new subscribers worldwide and will grow even further in the coming years but much-slower expansion in the future is forecasted to occur in Japan, Hong Kong, Singapore and Taiwan.
HIS predicts Asia-Pacific market to expand at a compound annual growth rate (CAGR) of 16 percent overall from 2010 to 2015.
Eastern Europe, Latin America and the collective region of the Middle East and Africa known as MEA will have CAGRs ranging from 16 to 33 percent from 2010 to 2015.
North America and Europe will see CAGRs of five and seven percent respectively during the same period.
Read a related article at TMCnet “Communications Provider MDU Communications (News - Alert) Expands Broadband Service Offerings.”
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Edited by Rich Steeves