Satellite technology could be used to provide super-fast broadband services across the UK, an expert has suggested.

The trade organisation UKspace has suggested that the global space market is set to be worth £400 billion by 2030, as an increasing number of companies take advantage of using satellites to store information.

Richard Peckham, Chairman of the body, suggested that the move could offer several benefits.

"If you want to put more computation up there with more memory, storing things, it might start with broadband internet," he explained.

"You get fast speeds in space, but it depends how wide the beams are and how many people are sharing it."

Satellite broadband could play a key role in boosting broadband speeds in the UK, after a study by Akamai revealed that the UK is ranking 26th globally in terms of the quality of connections.

Consumers in the UK have access to average speeds of 3.5Mb, which is significantly lower than the rate of 14.6Mb available in South Korea.