Global broadband market poised for 9% CAGR growth

The global broadband services market is expected to grow at a significant CAGR of around 9% during the forecast period.

Broadband services are required for the digital transformation of numerous industry sectors, which promotes the market growth. Increasing online commerce for retail products and services, digitalization of hospital data, e-government efforts, and quickly developing platforms for media and entertainment content are all contributing to market expansion. Wireless technology has enormous promise for advancing the global digital transformation across verticals by increasing productivity and lowering costs.

The service, provided by SpaceX, provides broadband internet at speeds ranging from 50 to 150 Mbps with a very low latency of 20 to 40 milliseconds. According to an email sent among prospective subscribers, it would launch throughout most, if not all, of India in 2022. Though the exact date of the service’s launch in India has yet to be verified, this is SpaceX’s first acknowledgement of the Starlink internet service’s arrival in India. OpenPR