Broadband Usage Still Robust in First Quarter of 2022
The OpenVault Insights Report for the first quarter of 2022 shows that broadband usage remains high. Average household broadband usage in March 2022 was measured at 514 gigabytes, staying over half a terabyte of data used for the average household. This is a drop from 536 gigabytes in the fourth quarter of 2021, but the first quarter has always shown seasonally lower usage than at the end of the previous year. Usage for the first quarter is up 11% from the 462 gigabytes in the first quarter of 2021. That’s a lower growth rate than the 20% growth rate we’ve come to expect – however, 2021 was not a normal year due to the extraordinary growth from the pandemic. The OpenVault statistics continue to show a huge number of users that are consuming more than 1 terabyte of data per month. At the end of the first quarter, 14.6% of homes used more than 1 terabyte of data, including 2.4% who used over 2 terabytes. That’s a significant increase since the first quarter of 2021 when 10% of homes used more than 1 terabyte of data – a year-over-year growth rate of 46%. One of the most interesting statistics reported by OpenVault is the migration of customers over time to faster broadband tiers. OpenVault’s conclusion from the latest data is that ISPs should expect the continued growth of customers who use more than a terabyte of data per month. They also note that there is a marketing opportunity for ISPs since customers seem willing to pay to upgrade to faster speeds.
Q1 Broadband Usage Still Robust