(The Hosting News) – Fiber is in, and well, broadband appears to be kind of on the out. According to statistics revealed from OECD last Thursday, fiber grew by a whopping rate of 12.7% during the course of last year. That’s in comparison to broadband’s 3.27% growth rate.
“Broadband providers are investing in fibre networks as a means to differentiate themselves against their competitors. Consumers and businesses in turn benefit from faster and more reliable networks for advanced applications, such as video on demand (VoD),” explained OECD via its study.
Meanwhile, countries leading the way in fiber growth included the likes of Japan, Korea, Sweden, Estonia, Slovak Republic, Norway, Iceland and Solovenia. And while countries including the U.S., Canada and United Kingdom still ranked high, surprisingly, they fell below the above listed.
Tech companies have embraced high speed fiber in the recent past. Service providers including Google (via Google Fiber) and Verizon (via Verizon FiOS) have both worked to make fiber options more readily available for online access. That being said, we can surely expect a lot more fiber growth in the coming years. For more information, view OECD’s report here (oecd.org).