The UK broadband market is in a boom time, with new entrants and incumbents looking to build out new services to boost their businesses, and new customers looking to upgrade to the cheapest tier.
While the UK broadband industry has been on a slow slide since the recession, a recent report found that broadband penetration has grown by 11.2% in the past three years.
The report from the Institute for Digital Economy said that in 2019, UK broadband customers had an average of more than 70 gigabytes per month (GB/month), with a typical internet connection reaching 2.6 Mbps (megabits per second).
That’s a massive jump from just over 8 GB/month in 2018.
The IEDE report also found that average monthly internet usage in the UK is at the highest it has been in a decade.
The internet industry also saw growth across all industries, with the number of jobs in the internet and technology sectors increasing by 10.4%.
Business Insider/Garrett FuchsTopics:internet-technology,technology-and-technology-policy,business-economics-and/our-news/australiaMore stories from Australia