Press release
Cable Modem Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Cable Modem Market
The Business Research Company offers in-depth market insights through Cable Modem Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cable modem market size has grown strongly in recent years. It will grow from $9.18 billion in 2023 to $9.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to cable tv network infrastructure, growth in online streaming services, increased adoption of smart home devices, government initiatives for broadband expansion, .
The cable modem market size is expected to see strong growth in the next few years. It will grow to $12.62 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing demand for gigabit internet, rise of remote work and learning, growing bandwidth requirements, energy efficiency initiatives, enhanced network management solutions.. Major trends in the forecast period include evolution of multi-gigabit ethernet connectivity, global connectivity initiatives, integration with wi-fi 6 technology, advanced network virtualization, quality of service (qos) optimization, 5g integration and coexistence..
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Market Segmentation:
The cable modem market covered in this report is segmented -
1) By Type: External Cable Modems, Internal Cable Modems, Interactive Set-Top Box
2) By Connectivity: Wired, Wireless
3) By Application: Residential, Commercial, Industrial, Schools and Institutes, Other Applications
Major Driver - Elevating Demand For High-Speed Broadband Networks Boosts The Cable Modem Market
The rising demand for high-speed broadband networks is contributing to the growth of the cable modem market. High-speed broadband networks refer to the transmission of wide bandwidth data over a high-speed internet connection. Cable modem service enables cable operators to provide high-speed broadband using the same coaxial cables, as a result, the rising demand for high-speed broadband networks increases the demand for the cable modems market. For instance, according to Cisco, a US-based technology company, states that, the proportion of Machine-to-Machine (M2M) connections will rise from 33% in 2018 to 50% by 2023. By 2023, there will be 14.7 billion M2M connections. Therefore, the increasing demand for high-speed internet is expected to propel the growth of the cable modem market going forward.
Competitive Landscape:
Major companies operating in the cable modem market report are CommScope Inc., NETGEAR Inc., TP-Link Technologies Co. Ltd., Ubee Interactive Inc., Zoom Telephonics Inc., Zyxel Communications Corporation, Arcadyan Technology Corporation, ARRIS International LLC, Askey Computer Corporation, Aurora Networks Inc., Broadcom Inc., Casa Systems Inc., Castle Net Technology Inc., C-COR Inc., Cisco Systems Inc., D-Link Corporation, Harmonic Inc., Hitron Technologies Inc., Huawei Technologies Co. Ltd., Lindsay Broadband Inc., Motorola Solutions Inc., NetComm Wireless Limited, Nokia Corporation, Sagemcom Broadband SAS, Surat Municipal Corporation, Technicolor SA, Vecima Networks Inc., Toshiba Corporation, Blurex Corporation, Windstream Holdings Inc.
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Top Trend - Innovative Product Offerings Drive Advancements In The Cable Modem Market
New product innovations have emerged as a key trend gaining popularity in the cable modem market. Major companies operating in the cable modem sector are focused on introducing new innovative products to sustain their position in the market. For instance, in October 2021, CommScope, a US-based company that manufactures cable modems, launched ARRIS SURFboard G34, G36 DOCSIS 3.1 Cable Modem, and Wi-Fi 6 Routers based on AX3000 Wi-Fi 6 technology. This system enables customers to experience faster speeds in their home network.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cable Modem Market Characteristics
3. Cable Modem Market Trends And Strategies
4. Cable Modem Market - Macro Economic Scenario
5. Cable Modem Market Size And Growth
…..
27. Cable Modem Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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