Voice, Broadband Poised For 'Bumper Year': Study

Even as the U.S. economy appears to be in a recession, two cable industry services – voice over Internet Protocol and broadband – will see double-digit growth in 2008, according to a study by research firm IBISWorld. VoIP service topped IBISWorld’s list of the top 10 growth sectors for the year, with the firm predicting a 24.3% annual increase in revenues, to reach $3.19 billion. IBISWorld expects the number of VoIP subscribers to rise by 21.2% this year, to 16.6 million. The firm also expects broadband to be a top growth area, with high-speed Internet connections forecast to rise by 15.1% and Web search portal revenues rising 13.4%.
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