Report Projects Steady Growth for Fixed and Mobile Broadband
U.S. fixed broadband revenue will grow from $104.8 billion in 2024 to $124 billion in 2029, a compound annual growth rate of 3.4%, ResearchAndMarkets.com said in a report Monday. The increase is driven “by growing demand for high-speed connectivity and…
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efforts to extend fixed broadband connectivity to underserved areas, like the BEAD program,” it said. U.S. mobile data service revenue will grow from $177 billion last year to $213.3 billion in 2029, a 3.8% CAGR, “driven by rising demand for mobile data, increasing 5G subscriptions, and a higher volume of cellular [machine to machine]/IoT connections.”