Recession Not Halting the Broadband Party
The world economy may be going through a severe recession, but the broadband growth seems to be as strong as ever.
Point Topic, a research and analysis company has found new evidence that has led them to believe that their prediction regarding the growth of broadband by the end of the year needs to be revised upwards. Consequently, the company has increased its estimate of worldwide fixed line broadband connections at the end of 2009 from 493 million to 496 million. The company has also increased the five-year estimate from 683 million to 695 million.
Tim Johnson, chief analyst at Point Topic, explains that the estimate revision was deemed necessary when the constant broadband growth in the developing countries despite the recession was taken into account.
The company bases its result on data about how many non-broadband homes take up broadband in a particular year. Using past and current data, they come to conclusions about how the market will perform in the coming months and years. Recently, the company had made a downward revision in its estimates to factor-in the impact of recession, however now it says that the impact is clearly not as much as previously thought, thanks to the strong demand from developing countries.
The latest report also says that Norway will become the leading country in terms of broadband adoption levels by 2012, overtaking Denmark, the current leader.
Johnson went on to say that, there are many countries where the broadband industry has taken a hit due to the recession. Prime examples of such countries are the
