Brussels -- According to the European Commission, the number of broadband lines in the EU increased by 70 percent year-on-year to more than 40 million lines, according to the latest government figures. On average, more than 45,000 broadband lines were connected every day in the EU in 2004, a remarkable increase compared to the average of 29,000 lines per day recorded in 2003. EU Information Society and Media Commissioner Viviane Reding warned that many member states' performances have been patchy despite the fact that Europe's overall performance has been very strong. The Netherlands and Denmark lead the pack with penetration rates of 19 percent and 18 percent, respectively, but a second group of member states averages out at about 8 percent, while a third group has been unable to push its average rate above 6 percent, Reding said.
Across the globe, many CEOs invested in initiatives to expand their digital offerings. User experience enhancements that are enabled by business technology were a priority in many industries. Worldwide end-user spending on public cloud services is forecast to grow 21.7 percent to a total of $597.3 billion in 2023 -- that's up from $491 billion in 2022, according to the latest market study by Gartner. Cloud computing is driving the next phase of digital transformation, as organizations pursue disruption through technologies like generative Artificial Intelligence (AI), Web3, and enterprise Metaverse. Public Cloud Computing Market Development "Hyperscale cloud providers are driving the cloud agenda," said Sid Nag, vice president at Gartner . Organizations view cloud computing as a highly strategic platform for digital transformation initiatives, which requires providers to offer new capabilities as the competition for digital business escalates. "For example, generativ