The Fiber Broadband Association (FBA) published a new study by RVA LLC Market Research & Consulting, emphasizing the substantial financial benefits for users subscribing to gigabit+ broadband services. The study reveals that by adopting fiber broadband services offering gigabit speeds or higher, U.S. productivity could receive a significant boost, potentially adding $326 billion to the nation's Gross Domestic Product (GDP). This increase in productivity translates to considerable financial gains for gigabit+ subscribers, making it a valuable investment for both individuals and the economy.
John George, FBA Technology Committee Chair and OFS Senior Director of Solutions Engineering and Fusion Splicers, underscores the critical role of fiber broadband in economic growth. He emphasizes that the consistent improvement of broadband speeds is essential to meet the increasing demand for bandwidth. Fiber broadband, known for its reliability, longevity, and sustainability, offers the best value for broadband infrastructure.
The study further indicates that upgrading work-from-home subscribers from 100/20 Mbps to gigabit fiber could contribute an impressive 1.2% or $326 billion to GDP, highlighting the transformative potential of fiber broadband on the economy.
Key Points:
- Economic Impact: Gigabit+ broadband could add $326 billion to U.S. GDP.
- Productivity Boost: Higher broadband speeds enhance productivity and financial gains for subscribers.
- Reliability and Performance: Fiber broadband offers unmatched reliability, low latency, and high uptime.
- Future-Ready: Fiber broadband supports the growing demand for higher bandwidth and technological advancements.
- Government Priority: Encourages governments to prioritize fiber broadband for economic and community benefits.
