Global Internet Service Providers - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Internet service providers have enjoyed growth over the current period. Consumers increasingly demanding faster internet speed in developed economies have boosted ISPs' performance amid sluggish subscriber growth. While rising mobile data subscriptions have constrained growth for ISPs in some developing regions, fixed broadband expansion in developing countries like China and India has bolstered growth. The emergence of powerful personal and business internet applications has transformed how businesses and consumers operate and has also presented opportunities for ISPs to offer additional high-margin services, benefitting profit. Overall, industry-wide revenue has been increasing at a CAGR of 6.5% over the past five years and is expected to total $1.7 trillion in 2024, when revenue will climb by an estimated 2.1%.

Trends and Insights

• ISPs are seeing growth worldwide.
• This surge is because of customers in developed economies seeking higher-performing subscriptions and the rise of broadband penetration in developing economies. Fiber to the premises (FTTP) growth is booming, especially in developing economies.
• ISPs are investing more in fiber infrastructures in residential areas, fueling this expansion. Investments in infrastructure are surging in Southeast Asia.
• Both private and government funds pouring into digital infrastructure developments have driven this growth. ISPs vie for market share through cost and quality.
• They're perpetually enhancing their services, aiming to offer superior quality at a price that entices customers.

Industry Overview

Industry revenue has grown at a CAGR of XX.X% over the past five years, to reach an estimated $XX.Xbn in 2024.

Trends and Insights

Trends have differed in developing and developed countries As subscriber numbers reached saturation in developed countries, ISPs saw organic revenue growth slow, with faster internet speed upgrades becoming the primary driver of financial performance.

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

• Higher costs to drive growth in developed economies
• ISPs will focus on boosting average revenue per user in developed economies because of saturated broadband markets, leveraging premium service tiers and bundle offerings to enhance profitability.