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Money spent on broadband rising

Online businesses who market their products over the internet will be buoyed by the news that broadband connectivity is on the rise.

According to figures from Infonetics Research, $4.6 billion (£2.25 billion) was spent across the globe in installing broadband in 2007 – with money being spent on DSL and cable modems, digital home gateways and voice terminal adapters.

It marks a ten per cent increase on the amount splashed globally on getting connected the year before.

"Broadband connectivity continues to grow around the world as service providers increasingly offer bundles of voice, internet, music, gaming, and video services over broadband access to residential subscribers," said Mark Showalter, the new directing analyst for broadband networks at Infonetics Research.

The increase in broadband connectivity highlights the increasing number of people who are logging onto the internet on a daily basis to shop online, socialise with friends and watch TV.

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