From GlobeNewswire: 2025-05-27 10:00:00

The global Broadband Services Market, valued at USD 445.3 billion in 2023, is projected to reach USD 1,016.9 billion by 2032, with a CAGR of 9.63% from 2024 to 2032. Key players include AT&T, Verizon, Comcast, and more. Rising demand for high-speed connectivity and smart devices is driving significant growth.

The U.S. Broadband Services Market was valued at USD 62.6 billion in 2023 and is forecasted to grow to USD 152.7 billion by 2032, with a CAGR of 10.43%. Demand for high-speed internet, fiber-optic expansion, and government investments in infrastructure are driving this growth.

Fiber optics dominated the broadband market in 2023, accounting for 38% of revenue share due to its quality network signal delivery and futureproof characteristics. Wireless broadband is expected to register the highest CAGR, driven by technological advancements and ease of use.

The business end-use segment led the broadband market in 2023, driven by the increasing reliance on broadband for cloud computing and video conferences. The household segment is expected to achieve the fastest growth, fueled by rising demand for streaming services, online education, and smart home applications.

Asia Pacific led the global broadband services market in 2023, capturing 32% of revenue, driven by a large user base and rapid adoption of broadband technologies. North America’s broadband market is expanding due to government initiatives to reduce underserved populations and increased need for remote work and e-learning. SNS Insider is a top market research agency, providing crucial insights for clients to navigate changing market conditions. Through surveys, video talks, and focus groups worldwide, we deliver accurate market data and consumer opinions. Check out related reports on Cloud Service Brokerage, Business Management Consulting, and Urban Planning Software and Services Markets in the US by 2025.



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