Rising internet user base and digitization trend bode well for the growth of the industry

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DUBLIN, October 11, 2022 /PRNewswire/ — The “Cable Modems – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Global cable modem market to reach $9.5 billion by 2026
Cable modems are an evolving response to the growing technological demand for alternative Internet connectivity. Cable modems are primarily used to provide high-speed Internet access as cable Internet services using the high bandwidth offered by the RFoG and HFC network. Growing demand for high-speed Internet services from residential and commercial sectors, expanding Internet user base, and increasing digitalization process, especially in emerging economies, are supporting the demand for cable modem equipment.

The rapid increase in the number of IPTV subscribers and the growing demand for high-speed broadband services are fueling the growth of the external cable modem market.

Amid the COVID-19 crisis, the global cable modem market estimated at US$7.7 billion in 2022, is expected to reach a revised size of US$9.5 billion by 2026, growing at a CAGR of 4.8% over the analysis period.

The cable modem and wireless router play an important role in enabling customers to enjoy high-speed broadband service. These systems tailor broadband service to customer requirements. Cable modems available in the market are classified based on the Data Over Cable Service Interface Specification (DOCSIS), which covers levels 1.x, 2.x and 3.x.

The US market is estimated at $1.9 billion in 2022, when China is expected to reach $2.2 billion by 2026
The cable modem market in the United States is estimated at US$1.9 billion in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of US$2.2 billion by 2026 with a CAGR of 6.2% over the analysis period. Other notable geographic markets include Japan and Canadaeach predicting growth of 3.3% and 4.1% respectively over the analysis period.

In Europe, Germany is expected to grow at around 3.7% CAGR. In North America, the outlook for cable modem equipment remains high due to the continued rise of smart homes and the transformation of corporate culture that supports the BYOD trend in enterprises. The rapid increase in demand for high-speed Internet connectivity to meet the needs of households and businesses, especially in China, Indiaand Southeast Asian countries, supports the demand for cable modem equipment in the Asia Pacific Region. Growth in the IT industry and increasing demand for IPTV services are also expected to support the growth of the cable modem market in the region.

Select contestants (27 total featured):

  • Arcadyan Technology Corporation
  • Askey Computer Corporation
  • CastleNet Technology, Inc.
  • Cisco Systems, Inc.
  • CommScope
  • D-Link Corporation
  • Lindsay Broadband Inc.
  • Netgear, Inc.
  • Technicolor AG
  • Texas Instruments
  • TP-Link Technologies Co., Ltd.
  • Ubee Interactive
  • Zoom Telephony, Inc.
  • Zyxel Communications Corporation

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • Rising demand for high-speed broadband services is driving growth
  • Growing Cable Broadband Subscriber Base Presents Opportunity for Demand for Cable Modem Equipment
  • Rising internet user base and digitization trend bode well for the cable modem equipment market
  • Rising IoT Penetration Drives Demand for Cable Modems
  • The use of cable modem technology to enhance entertainment and information services on PCs and smart TVs is fueling the market outlook
  • Expanding IPTV Subscriber Base Accelerates Growth
  • Smart Home Trend Drives Installations of Cable Modem Equipment
  • Increase in trend of using smart devices in small business drives need for cable modem equipment
  • Deployment of cable modems for higher speeds
  • Recent Product Developments
  • The Advent of Cable Modems on CATV Networks Presents Opportunities for Growth
  • 5G network technology: a viable alternative to cable modems?

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

Companies cited

  • Arcadyan Technology Corporation
  • Askey Computer Corporation
  • CastleNet Technology, Inc.
  • Cisco Systems, Inc.
  • CommScope
  • D-Link Corporation
  • Lindsay Broadband Inc.
  • Netgear, Inc.
  • Technicolor AG
  • Texas Instruments
  • TP-Link Technologies Co., Ltd.
  • Ubee Interactive
  • Zoom Telephony, Inc.
  • Zyxel Communications Corporation

For more information about this report visit https://www.researchandmarkets.com/r/ssdb35

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

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SOURCE Research and Markets

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