Skip to main content

Broadband's Role in Economic Development

Broadband Internet access is gradually becoming a defining characteristic of advanced industrialized economies, and broadband take rates have been increasing at a rapid pace across the world.

The latest update to ABI Research's online Broadband Subscribers Database forecasts that the total number of DSL and cable broadband users in the world will grow by an average of 9 percent annually over the next five years to reach 480 million subscribers by 2012.

"The Asia-Pacific region offers a potentially huge market to tap into," says broadband research analyst Serene Fong, of ABI Research's Asia bureau. "In terms of statistical benchmarking, the subscriber base in the Asia-Pacific region will grow substantially over the next five years, and is expected to outperform other areas. Much of the Asia-Pacific growth is expected to be fueled by the flourishing Chinese broadband market."

Telco broadband DSL will continue to be the fastest growing sector in the industry, as opposed to cable broadband. Asia-Pacific research director and general manager Jake Saunders comments, "DSL is set for stronger growth than cable across the globe mainly because it is able to leverage existing telecommunications infrastructure, leading to lower prices and greater ease of deployment."

Popular posts from this blog

Banking as a Service Gains New Momentum

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