"The bulk of bandwidth growth and network roll-outs in the next few years will be driven by fibre-to-the-node deployments aided mainly by government spending on national high-speed broadband projects," Najam said.

Najam adds that technologies such as Web 2.0 apps, social networking, file sharing, online gaming as well as the decreasing cost of PCs and netbooks will continue to spur broadband subscription in the region.

"Consumer appetite for broadband will be spurred by the demand for high throughput value-added services such as IPTV and video-on-demand," he added.

The Philippines, however, continues to trail behind broadband penetration in the region, as the firm reports South Korea, Hong Kong, Singapore, Taiwan, Australia and Japan as the top countries with the highest penetration rates.

China, on the other hand, leads the region for subscription rates, registering 83.4 million users of the service.