While for much of the recent slowdown the UK broadband sector has been seemingly fairly immune it now looks as though time is catching up with the one true growth sector left in the UK technology market. Reports suggest that the installation figures for new broadband lines throughout the UK will be around 20% less than forecast at the start of the year as industry leaders pull in their horns to protect cash flow.
However, this is sure to be a short term issue as the broadband sector in the UK is entering a vital phase of its development with faster and faster services coming on line, more users transferring from the old dial-up connections and fibre optic networks edging closer and closer. While you can understand the reduction in investment in the short term there is no doubt that payback times will fall in the future ensuring that those who remain at the top of the tree will be able to push further and further ahead of the rest.
In truth the broadband sector has probably been the last major sector in the UK to be hit by the recession which is a reflection of the strength of the sector going forward.