$148.7bn
$XX.Xbn
243k
1,345
$XX.Xbn
The Internet Service Providers industry uses wired infrastructure to provide clients with internet access and related services, like web hosting, web page designing and consulting related to internet connectivity. Rising internet usage has benefited industry revenue growth and government-subsidized network expansion has done the same, increasing the number of US broadband connections. A push toward broadband expansion in rural markets and a rise in demand from business customers has boosted industry revenue, which is poised to incline at an annualized rate of 1.9% to $148.7 billion in 2024, including growth of 6.3% in 2024 as investments and activity mount in line with an improving macroeconomic environment.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $148.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Verizon Communications Inc. | 97,777.0 | 16,541.0 | 16.9 | |
Comcast Corporation | 26,379.7 | 8,285.8 | 31.4 | |
At&T Inc. | 24,666.5 | 4,387.9 | 17.8 |
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Industry revenue is measured across several distinct product and services lines, including Carrier and internet backbone services, Dial-up internet access and Residential broadband services. Carrier and internet backbone services is the largest segment of the Internet Service Providers in the US.
New technologies like software-defined networking and network slicing boost demand for carrier and internet backbone services
Internet service providers (ISPs) use wired infrastructure to provide clients with internet access and related services, such as web hosting, web page designing and hardware or software consulting related to internet connectivity. Operators, except telecommunications carriers, may also lease out capacity on their networks to support the network infrastructure of other companies, or backbone services. This industry excludes wireless internet and VoIP services.
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NAICS 517311 - Internet Service Providers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for high-speed internet is skyrocketing. COVID-19 accelerated our need for reliable, fast internet, pushing ISPs up their game for remote work and leisure activities. ...
Learn about an industry's products and services, markets and trends in international trade.
Rural broadband expansion is crucial for growth. As ISPs extend their broadband coverage to rural areas, more people will enjoy high-speed internet access, which is critical ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
ISPs are more likely to be located in areas with high population density because of their more extensive potential customer base. This means they can more quickly recover the...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The cost of building and maintaining a wired ISP network is very high. This makes it difficult for new ISPs to enter the market and compete with the established players.
Learn about the performance of the top companies in the industry.
Wireless ISPs are offering faster speeds and more affordable plans than wired ISPs. This pressures wired ISPs to provide better deals and improve their service. For example, ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Government support is fueling broadband expansion. Grants and tax incentives make it easier for ISPs to tackle costly infrastructure projects that bring faster internet to un...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
New ISPs are shaking things up with aggressive pricing. They're luring customers in with lower rates, squeezing established providers' profit margin.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Internet Service Providers in the US industry in United States is $148.7bn in 2024.
There are 1,345 businesses in the Internet Service Providers in the US industry in United States, which has grown at a CAGR of 3.2 % between 2019 and 2024.
The market size of the Internet Service Providers in the US industry in United States has been growing at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Internet Service Providers in the US industry in United States is expected to grow.
The biggest companies operating in the Internet Service Providers market in United States are Verizon Communications Inc., Comcast Corporation and At&T Inc.
Carrier and internet backbone services and Dial-up internet access are part of the Internet Service Providers in the US industry.
The company holding the most market share in United States is Verizon Communications Inc..
The level of competition is high and increasing in the Internet Service Providers in the US industry in United States.