The latest data from market research firm In-Stat reveals a slight uptick in the amount of money spent by U.S. companies for wired broadband data, despite the still-anemic economy.
Overall, the market saw a 2 percent increase in year-over-year spending, with the health care and social services verticals spending about $5.5 billion in 2009. Education spent the most, while construction spent the least, In-Stat reports.
The report, US Business Spending by Size of Business and Vertical, 20092014: Wireline Data Services,” also shows that more companies are spending on Ethernet than the ATM and frame relay markets. Indeed, the frame relay market is forecasted to shrink 57 percent, while Ethernet spending should top more than $18 billion by 2014, In-Stat reports.
Interestingly, the report also predicts wired broadband spending in the small-business space will grow at a faster rate than any other segment over the next five years. In 2012, the retail and trade sectors are expected to spend more than $3 billion.