According to Point Topic, " World broadband lines reached 164m as of 31 March 2005, an increase of 52m lines since March 2004 last year - with 28m lines added in the last 6 months alone. The USA is still the world's largest broadband country with 36.5m lines, and China remains in second place with 28.3m lines. The UK is leading growth in the 'G7 Rankings' achieving a 16.5 percent increase in lines since end-2004, and adding over 1m lines in the process. France was the only other G7 country passing 10 percent growth in the quarter - achieving 13.5 percent growth and adding an equally impressive 913,000 lines in the quarter. 'Top 10' growth is dominated by Eastern Europe and a mixture of Latin American and Asia Pacific countries. Turkey led the rankings overall, achieving 37 percent growth in the quarter, adding 179,000 lines. Poland led the Eastern European countries, achieving 24 percent growth and becoming the first Eastern European country to pass 1m lines. Australia continued to impress, achieving 18 percent growth to reach 1.8m lines in the quarter. In South Korea, the broadband market continues its path to saturation, having achieved only 1.4 percent growth in the quarter. Other countries, especially the established 'early adopters' such Taiwan and even Japan are showing modest growth - less than 5 percent in the quarter."
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