The U.S. was the largest broadband market by services revenues in 2008, ahead of Japan and Germany, according to a new report from Pyramid Research (now part of the Light Reading group). (See Heavy Reading Gets Pyramid Power.)

According to data compiled for the report, Global Fixed and Mobile Broadband Outlook, the U.S. generated more than $32 billion in broadband revenues in 2008, a long way ahead of second-place Japan, which generated $23 billion in broadband revenues.

Germany was third in the chart, with more than $11 billion in revenues, followed by China with $7.9 billion.

China, however, still beats the U.S. in terms of the number of fixed broadband connections, with 81.9 million as opposed to the U.S.'s 78.5 million. Japan and Germany come in third and fourth places with 30.3 million and 23.3 million lines, respectively.

According to the report, those four countries will still hold the same positions in the fixed broadband league table in 2013, though China will have more than 220 million fixed broadband lines by then, a long way ahead of the forecast 101 million in the U.S.

That major surge in users will not put China at the top of the broadband revenues chart in 2013, though, according to Pyramid's research team. The report suggests the U.S. will still generate the most broadband revenues in 2013, at more than $40 billion, with Japan in second place and China in third.

The fastest growing market in terms of fixed broadband revenues during the next five years will be Indonesia, which is set to generate nearly nine times more revenues from broadband services in 2013 than in 2008, according to the report's findings.

— Ray Le Maistre, International News Editor, Light Reading