Global Internet Access ISP Industry
The global internet service provider sector is witnessing vibrant growth and contributing significant revenue to the world economy, reports IBISWorld. MarketLine estimates the global internet access market will generate almost $334 billion in 2015, representing 40% expansion in five years. Industry performance is being fuelled by constant improvements of internet-related services and infrastructure.
The introduction of a growing number of personal and business applications continues to make consumers increasingly dependent on computer-based activity. In both the professional and personal realms, the internet is helping people access information and services, regardless of distance, to become more time efficient.
The number of internet subscribers worldwide has witnessed over 12% growth in the past year, fuelling year-on-year profit. The EU, the US and North Asia remain the three most developed regions within the global internet service providers market, making up almost 83% of total global industry revenue.
During the five-year period ending 2015, the world internet access market is expected to reach a user base of almost 700 million, representing 27% growth between 2010 and 2015. The industry is characterized by intense competition, with competitors eager to adopt the latest technology to provide high-speed internet connections and capture greater market share.