Parks Associates Launches Broadband Market Tracker: SpaceX’s Starlink Surpasses HughesNet and Viasat
Parks Associates Reports SpaceX’s Starlink Surpasses HughesNet and Viasat in Residential Subscribers
In a groundbreaking development in the broadband market, Parks Associates has revealed that SpaceX’s Starlink satellite broadband service has quickly amassed 1.3 million subscribers in the United States. This milestone signifies a significant shift in the industry, with Elon Musk’s Starlink service now surpassing longtime satellite broadband giants HughesNet and Viasat.
As of Q1 2024, Starlink has emerged as the 12th largest residential internet service provider in the US market, with projections indicating that it could break into the top 10 by the end of the year. Kristen Hanich, research director at Parks Associates, highlighted the changing landscape of the broadband market, citing regulatory changes, increased competition from wireless options, and the impact of mergers and acquisitions.
Additionally, Parks Associates released data showing that nearly 20% of home broadband subscribers now enjoy speeds of 1 Gbps or faster. The launch of the Broadband Market Tracker by Parks Associates offers detailed insights into market trends, profiles of key players in the US and Canadian residential internet markets, and quarterly reports analyzing subscriber counts and revenues.
The rapid growth of Starlink and the evolving dynamics of the broadband market underscore the importance of staying informed on industry trends. For more information on the Broadband Market Tracker and its implications for the future of residential internet services, visit Parks Associates’ website.
