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Global broadband market expected to double by 2004

Tue, 07/24/2001 - 8:00pm
Anne Kerven

Despite the current economic malaise, worldwide broadband Internet subscribers will total more than 15 million in 2001 and double in size to at least 30 million in 2004, according to a new report from Multimedia Research Group Inc.

Revenues for IP (streaming) media servers and storage are currently $3.2 billion worldwide, and will jump to more than $5 billion in 2004, according to the report.

The continued growth in streaming is driven mainly by demand for high-speed (broadband) Internet, by high expectations of broadband users, and by big advances in corporate use of streaming.

The report also says that although cable broadband Internet is likely to stay ahead of DSL domestically, DSL is likely to pass cable in global broadband markets. In North America, cable operators have continued to roll out the service, while the large telcos have pulled back.

"This pull-back can be very dangerous," states MRG CEO Gary Schultz. "Large (and well-run) cable companies like Comcast and AOL/Time Warner have the ability to stay ahead of DSL and steal some voice business as well." Satellite and MMDS broadband also are poised to provide new threats to telco-dominated DSL, the report suggests.

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