Fixed-broadband subscribers are expected to hit, and then surpass, the one billion mark by 2019, according to market research firm Infonetics Research.
Latest findings show that fixed broadband subscribers grew eight percent in 2014, reaching 733 million as service providers around the world continue to steadily add subscribers.
"This is a reflection of the importance of broadband connectivity in the daily lives of individuals and businesses, governments and other organisations,” says Jeff Heynen, research director for broadband access and pay TV at Infonetics Research, now part of IHS.
According to Heynen, broadband has become a "consumer-driven industry."
"Consumers essentially saved the fixed broadband business by binging on Netflix and other streaming video services, and now broadband providers are consistently investing in higher-end FTTX and DOCSIS 3.0 technologies to keep those innovators happy," he adds.
Though DSL remains far and away the largest technology choice for fixed broadband, Heynen says subscriber growth is being driven by FTTH and DOCSIS 3.0.
At present, Asia Pacific holds 50 percent of the world’s fixed broadband subscribers and continues to experience significant subscriber growth thanks to China, Southeast Asia and emerging markets where broadband penetration continues to increase.
Meanwhile, FTTH subscribers jumped 22 percent in 2014 from 2013, crossing the 100 million threshold for the first time.