America’s Internet Speeds Continue to Rise
According to the latest Cisco Annual Internet Report, the average fixed broadband speed in the United States will grow 2.4x between 2018 and 2023. Specifically, Cisco projects it will go from 58.9 Mbps in 2018 to a whopping 143.6 Mbps in 2023. That jump in speeds isn’t very surprising, considering the cable industry has invested over $290B in capital infrastructure over the past two decades.
This all comes as cable ISPs are working to build the 10G network, which will offer multi-gigabit speeds in the coming years. And as we recently wrote, Cisco also projects Americans will have even more IoT devices in 2023. More devices mean more traffic on home networks, which can slow down performance. That’s why network upgrades are staying ahead of the consumer demand curve, with projects like 10G coming sooner than you might think.