Hong Kong had the third fastest average internet connection speeds in the world during the first quarter, trailing only South Korea and Japan, according to Akamai's latest State of The Internet report.

Hong Kong's average connection speed grew 24% year-on-year to 13.3Mbps, the report shows. South Korea's average speed surged 145% to 23.6Mbps, while Japan's was up 29% to 14.6Mbps.

The global average connection speed meanwhile increased 24% year-on-year to 3.9Mbps, and is on track to reach the 4Mbps broadband threshold in the second quarter, Akamai said.

Hong Kong's broadband adoption rate -- or percentage of connections above this 4Mbps threshold -- was 84% during the quarter. This compares to 94% for South Korea and 86% for Japan.

According to the report, Hong Kong was second behind only South Korea in terms of global average peak connection speed.

But while South Korea's total grew 52% year-on-year to 68.5Mbps, Hong Kong's average peak speed grew a meager 0.3% year-on-year - and fell 3.3% sequentially -- to 66 Mbps.

South Korea is also well ahead of the competition in terms of the percentage of the internet population on "high broadband" - defined as speeds of above 10 Mbps.

South Korea's 77% compares to 54% for next-ranked Japan.. Hong Kong was fifth at 43%. Globally, the percentage is 21%, a 61% improvement from a year earlier.