The rise of fibre services has helped to increase global broadband revenue to more than £120 billion, ABI Research has announced.
According to the analyst, the global fixed broadband market exhibited particularly strong growth in 2012, with a seven per cent rise in revenue driven by increasing take-up of superfast services.
It was the best ever year for fibre broadband revenue, according to ABI, with a 24 per cent jump, compared with two per cent growth of DSL services and six per cent cable growth.
The analyst now estimates that revenue will top £160 billion in five years' time as penetration continues to rise, due to an increasing number of services being delivered online.
Jake Saunders, ABI's Vice President of Core Forecasting, said the rise in take-up is being offset by a decline in revenue per user, as broadband suppliers offer heavily discounted deals to attract new customers.
"The trend is expected to endure as the majority of operators are trying to offer lower prices to capture a larger market share," he explained.
"In some countries like Japan and South Korea, increasing competition from LTE services is expected to pressure fixed broadband operators to offer lower service pricing in the long term."