Compose a 1250 words assignment on high-speed broadband. Needs to be plagiarism free! Currently. bandwidth speed is expressed in Mbps and Gbps through Gbps is only available only in a few countries that have fully embraced high-speed internet (Crandall, Alleman, and AEI-Brookings Joint Center for Regulatory Studies, 2012, p.45). However, the big question remains to be, is high-speed internet/broadband and investment worth taking?
A number of countries have fully embraced the need for high-speed broadband in various parts of the world with other countries like Australia still having plans of implementing it in what is known as the National Broadband Network (NBN). However, the Australian government has been facing difficult moments as lobby groups. opposition, critics, and a significant percentage of the population strongly oppose the project that is estimated to cost more than $43 billion. Much of this opposition is arising from the fact that the government has failed to convince or fully sell the idea to the citizens. Most of the detractors are reasoning on bases of the cost that the NBN project is likely to take rather than the short time and longtime benefits that may result from the project.
High-speed broadband has numerous benefits that can be accrued both in the short and in the long terms. Escalation of cross-border trade in the IT-enabled services (ITES) and IT services is one of the key benefits that the country is likely to enjoy (Shelly and Vermaat, 2010, p.104). IT experts estimate that the IT services, as well as ITES market figures, range between $US475 billion and $US700-800 billion respectively. Nonetheless, the country has not yet been able to tap a significant pie of this incredible opportunity as researches show that the country is currently managing to tap less than 15 percent of the market. Experts also suggest that the market has a very huge potential of future growth especially if the country can fully embrace high-speed broadband/internet.