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Some 418 million mobile broadband laptop users will generate 1.8 exabytes of internet traffic per month around the globe by 2017.

That is according to research from the Coda Research Consultancy, which also forecast that Long Term Evolution (LTE) technology will have a transforming effect on the mobile broadband industry.

The report suggested that mobile broadband will continue to grow significantly in Europe between now and 2017, by which point there will be 94 million subscribers on the continent.

Steve Smith, founder of Coda Research, told that although there are great opportunities for mobile broadband providers to make money from subscriptions, there are still risks in the market.

He said: "With enormous growth in traffic and considerable decline in average revenue per user, operators will need to be ruthlessly efficient."

Mobile broadband is not the only wireless connection technology that is becoming increasingly popular in Europe.

Earlier this month, Rapid TV News reported that satellite broadband company SES Astra is seeing over 10,000 new customers signing up to its Astra2Connect broadband service, which is provided by suppliers in 14 countries.

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