According to a Telecompaper research study, at the end of Q1 2005 there were 158 million broadband subscribers with tens of thousands more signing-up for service everyday. �World Broadband Q1-2005� shows that the Asia-Pacific is the world�s biggest broadband arena with more than 61 million subscribers and a 39 percent share of the global broadband market. For the first time, Europe has overtaken the Americas to become the world�s second-largest broadband market, with 47.95 million subscribers and a 30 percent market share. The Americas have dropped back to third place with 47.53 million subscribers. In fourth place is Middle east/Africa with just 1.59 million subscribers. Globally, Q1 2005 saw 13 million new subscribers signing-on for broadband services, six million of them from Europe. However, the Middle East/Africa market is actually the fastest growing sector, putting on 17.7 percent in the quarter. Regarding individual countries, South Korea, with 11.85 million subscribers (equating to 23.92 connections per 100 inhabitants) is still the number one market. Second is the Netherlands with 21.13 connections, and Third is Denmark with 21.12 connections.
The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without