DUBLIN The "Broadband Internet Services Global Market Report 2020-30: COVID-19 Implications and Growth" report has been added to ResearchAndMarkets.com's offering.
The global broadband internet services market is expected to grow from $263.4 billion in 2019 to about $355.6 billion in 2020.
There has been a signifiant growth in the demand for high-speed wireline broadband plans as employees started to work from home to contain the spread of COVID-19. Apart from work, the high speed internet is also in demand for playing games and availing several streaming services while spending leisure time at home. The market is expected to stabilize and reach $372.9 billion at a CAGR of 9.1% through 2023. Asia-Pacific is expected to be the fastest region in the broadband internet services market during 2019-2023.
Increasing demand for consumer broadband is driving the broadband internet services market. The high costs of fiber optic cable restrain the broadband internet services market. Players in the broadband internet service industry are focusing on advancing digital infrastructure and services to serve its customers.
In March 2019, consortium of Apax Partners, Warburg Pincus and two private equity Canadian pension funds firms acquired UK-based satellite communications company Inmarsat for $3.4 billion. The acquisition main priority is to remain Inmarsat's Headquarters in the UK and operates it in research and development. Inmarsat has 13 satellites that operate for providing internet services, email and video conferencing. Inmarsat still provides communication services for ships and the consortium ensured that the company Inmarsat would fulfill its all previous obligations under the global maritime distress and safety system.
Major players in the broadband internet services market are SES Astra, Inmarsat, Iridium Communications, ViaSat, EchoStar, EarthLink Holding Corp., Intelsat General, Eutelsat, IDirect, and Singtel.
Over the next two years, approximately 60% of service providers (both large and small) will adopt virtualization on a wide scale across their networks, according to the latest survey report from Ovum. Why are providers making these moves? Is there an easy way to start?
Learn how and why service providers are using virtualization to transform their networks. This webinar will look at how providers are leveraging virtualization to create more flexible and agile networks while also providing a better customer experience. Expert speakers from netElastic and Heavy Reading will address the industry drivers for network virtualization, the benefits that can be realized, the challenges to face and the results of virtualization being achieved by providers today.
Key topics will include:
Current network infrastructure and the move to virtualization
Benefits and challenges of network virtualization
How providers can get started
Service provider success stories: the decision to virtualize, the solution, and results