Press release
Cable Modem Market Size, Share & Industry Analysis 2024-2033
Cable Modem Market Size
Cable Modem Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $12.62 billion In 2028 At A CAGR Of 6.9% :
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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Cable Modem Market Major Segments
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
Key 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.
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Prominent 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.
Cable Modem Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the cable modem market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable modem market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cable Modem Market Report Structure
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 leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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