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DUBLIN--(BUSINESS WIRE)--Oct 3, 2022--
The "Cable Modems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Cable Modems Market to Reach $9.5 Billion by 2026
Cable modems are an evolutionary response to the growing technology demand for alternate internet connectivity. Cable modems are used mainly for delivering broadband Internet access as cable Internet services by utilizing the high bandwidth offered by RFoG and HFC network. The growing demand for high speed Internet services from both residential and commercial sectors, expanding Internet user base, and the growing digitalization process especially in emerging economies is supporting demand for cable modem equipment.
The rapid rise in IPTV subscriber base and the escalating demand for high speed broadband services are fueling growth for the external cable modems market.
Amid the COVID-19 crisis, the global market for Cable Modems estimated at US$7.7 Billion in the year 2022, is projected to reach a revised size of US$9.5 Billion by 2026, growing at a CAGR of 4.8% over the analysis period.
Cable modem along with wireless router plays an important role in enabling customers to exploit the high-speed broadband service. These systems match the broadband service with requirements of customers. Cable modems available on the market are classified on the basis of Data over Cable Service Interface Specification (DOCSIS), which covers 1.x, 2.x and 3.x levels.
The U.S. Market is Estimated at $1.9 Billion in 2022, While China is Forecast to Reach $2.2 Billion by 2026
The Cable Modems market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.1% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. In North America, the prospects for cable modem equipment remains high due to the continuous rise in smart homes and the transforming corporate culture that supports BYOD trend in enterprises. The rapid rise in demand for high-speed Internet connectivity to support the needs of households and enterprises alike, especially in China, India, and Southeast Asian countries, is supporting demand for cable modem equipment in the Asia-Pacific region. The growing IT industry and the escalating demand for IPTV services are also expected to support growth of the cable modems market in the region.
Select Competitors (Total 27 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/r70x6y
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KEYWORD:
INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY 5G TELECOMMUNICATIONS NETWORKS INTERNET HARDWARE IOT (INTERNET OF THINGS) CONSUMER ELECTRONICS VOIP
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/03/2022 12:00 PM/DISC: 10/03/2022 12:02 PM
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