FIGURE 4 Total Annual Revenue by Country (2025)
Most other subregions had very small revenue contributions of around a few percent. The Caribbean and Atlantic region was the smallest, with less than 1%. As we explained above, we first distributed sites by subregion, then by individual country within each subregion. But we also reallocated specific bandwidths according to different demand and pricing in each subregion. For some subregions, like Western Europe or the U.S. & Canada, demand is fairly uniform across different countries. But in others, such as Oceania, and East Asia, we further countries in those regions. This allocation, along with wide variance in service pricing, leads to massively different revenue numbers for most products at the country level. There is a massive difference in market size between countries. The upshot is that a few countries have an outsized contribution, and there is a long tail of countries with very small markets. · The U.S. and China clearly standout as massive revenue generators for enterprise WAN services. Western Europe contributes a large amount as a subregion, but many individual countries within the subregion contribute a fairly small amount.