Global broadband revenues will continue to increase over the next 12 months, a new report has indicated.
A study conducted by ABI Research revealed that the market will be worth £119 billion to internet service providers (ISPs) by the end of 2011.
The firm made its prediction after reporting revenues of £28 billion for the third quarter of this year.
ABI said the expansion of the broadband market would not slow up, despite the domination of DSL technology and the fact that this market is increasingly saturated.
The company noted that demand for advanced web services such as video on-demand, IPTV and other interactive applications is encouraging ISPs to invest in fibre-optic networks.
"In order to meet these services' speed requirements, operators are accelerating fibre broadband rollouts," ABI added.
In the UK, both BT and Virgin Media are set to launch next-generation fibre networks, aiming to offer high-speed broadband packages to businesses and consumers.