Internet Services Becoming More Essential with Rising Popularity of Cloud-based Applications in Corporate World: Fact.MR Report
ROCKVILLE, MD, UNITED STATES, February 12, 2025 /EINPresswire.com/ — According to a newly published research report by Fact.MR, a market research and competitive intelligence provider, valuation of the global internet services market is estimated to reach US$ 1,321.5 billion in 2024. The market is projected to expand at a noteworthy CAGR of 11.9% between 2024 and 2034.
Cloud-based solutions are becoming more popular among businesses for essential tasks, including computing, data storage, and day-to-day operations because of their scalability, affordability, and adaptability. For seamless and continuous access to cloud platforms, this move to cloud solutions necessitates dependable, fast, and secure internet connections.
Managing massive data transfers, executing real-time applications, and providing communication tools among geographically separated teams all depend on fast internet connectivity. Secure connectivity is also necessary to defend private company information against online attacks. Strong internet services are becoming more necessary to support cloud infrastructure as companies continue their digital transformation.
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North America is estimated to hold a significant global market share in 2024. By the end of 2034, East Asia is analyzed to generate more revenue than North America. The market for internet services is expanding in East Asia due to the rising number of smartphones and government initiatives to improve connectivity. China, Japan, and South Korea are investing heavily in 5G networks and digital infrastructure, which is increasing the demand for internet services.
Key Takeaways from Market Study
The worldwide market for internet services is forecasted to touch a value of US$ 4,058.89 billion by 2034. The DSL segment is approximated to rise at 12.9% CAGR between 2024 and 2034.
The market in East Asia is analyzed to register revenue of US$ 410.5 billion in 2024.The market in North America is projected to reach a size of US$ 1,050.81 billion by 2034-end.
The market for internet services in China is forecasted to rise at 14.9% CAGR through 2034.Demand for internet services from residential areas is projected to reach US$ 2,408.75 billion by the end of 2034. The market in Japan is evaluated to achieve a value of US$ 388.6 billion by 2034.
“To provide faster and more reliable services, prominent internet service providers are investing in the deployment of 5G networks and fiber-optic internet,” says a Fact.MR analyst
DSL Segment Continues to be Popular Choice Among End Users
DSL is a preferred choice in several areas of the world due to its affordability, accessibility, and capacity to provide dependable high-speed internet over existing phone lines. In several areas, especially those where more modern technologies, such as fiber-optic networks or 5G have not yet been fully deployed, DSL is still a popular solution for household and small business clients. Because it offers a consistent connection at relatively low installation and maintenance costs, customers who want a reliable internet service without the higher prices of more sophisticated options are finding it to be an enticing alternative.
Demand for Internet services is being driven by the business world’s increasing use of cloud-based solutions
Because of their scalability, affordability, and adaptability, cloud-based apps are becoming more and more popular among organizations for critical activities including computing, data storage, daily operations, and others. For smooth and constant access to cloud platforms, this change in business is requiring reliable, quick, and secure internet connections. Fast internet access is essential for managing large data transfers, running real-time applications, and giving geographically dispersed teams communication capabilities.
Protecting confidential corporate data from internet threats also requires secure connectivity. As businesses continue their digital transition, reliable internet services are becoming more and more crucial to supporting cloud infrastructure.
The risk of cyberattacks and data breaches is rising globally in tandem with the growing use of internet services
As the world’s reliance on internet services grows, cyberattacks, data breaches, and privacy are becoming major issues. Due to the storage and transmission of sensitive data online, individuals and organizations are more vulnerable to online threats such as viruses and hackers. This danger is especially significant for sectors like banking, healthcare, and government that deal with important data. People are reluctant to completely use internet-based solutions because of these risks.
The increasing demand for high-bandwidth applications, particularly during peak use hours, including online gaming, video streaming, and real-time services, is a major contributor to network congestion. This congestion can occasionally lead to slower internet speeds and poorer customer satisfaction since networks are unable to handle the increase in data volume.
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Country-specific Perspectives
North America is predicted to hold a significant market share for internet services in 2024. By the end of 2034, East Asia is expected to generate more income than the North American market. The market for internet services is expanding due to the rising number of smartphones and government initiatives to improve connectivity. Countries like China, Japan, and South Korea are investing heavily in 5G networks and digital infrastructure, which is increasing demand for internet services.
Thanks to broad 5G rollout, sophisticated infrastructure, and growing demand for high-speed internet access, the US industry is still in a positive zone and has a bright future. The industry is growing as a result of consumers’ strong demand for streaming platforms, e-learning, and remote work cultures.
Aside from this, the nation is also in need of dependable and low-latency internet services due to the growing use of cloud computing, IoT, smart home technologies, and others. The digital transformation of American industries is increasing demand for high-bandwidth services like wireless and fiber-optic networks.
Explore More Studies Published by Fact.MR Research:
Cloud Computing Market The worldwide cloud computing industry is expected to reach US$ 2,371.6 billion by 2034, growing at a notable 14.2% compound annual growth rate from its estimated US$ 628.6 billion in 2024.
Satellite Internet Market According to estimates, the worldwide satellite internet industry would be worth US$8.4 billion by 2024. By the end of 2034, satellite internet service revenue is expected to reach US$29.7 billion, growing at a 13.5% compound annual growth rate.
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