Press release
Rising Demand for High-Speed Broadband Networks Fuels Cable Modem Market Growth, Estimated to Reach $13.99 Billion by 2029
Cable Modem Market Growth
Cable Modem Market Poised for Accelerated Growth, Driven by Rapid Adoption of Smart Home Devices and Rising Demand of Gigabit Internet
What Is The Projected Market Size Of The Global Cable Modem Market And Its Growth Rate?
The global cable modem market has been experiencing steady growth and shows considerable potential for further expansion.
• An increase from $9.43 billion in 2024 to $9.81 billion in 2025 with a CAGR of 4.0% can be attributed to factors such as cable tv network infrastructure, growth in online streaming services, increased adoption of smart home devices, and government initiatives for broadband expansion.
• The market is projected to soar to $13.99 billion in 2029, demonstrating a significant CAGR of 9.3%, driven by the increasing demand for gigabit internet, the rise of remote work and learning, growing bandwidth requirements, energy efficiency initiatives, and enhanced network management solutions.
What Is Driving The Growth In The Cable Modem Market?
The growth of the cable modem market is directly linked to the rising demand for high-speed broadband networks. High-speed broadband network refers to the transfer of wide bandwidth data over a high-speed internet connection. The increased need for high-speed internet leads to a growing demand for cable modems which enable cable operators to provide broadband using the same coaxial cables. Inline with this, technology giant Cisco predicts that machine-to-machine connections will constitute half of the global connections by 2023, with 14.7 billion M2M connections. This indicates a surge in demand for high-speed internet, making a positive impact on the cable modem market.
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Who Are The Key Players Driving Cable Modem Market Growth?
The global cable modem landscape is shaped by several key players, such as:
• 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.
What Are The Key Trends In The Cable Modem Market?
Emerging trends in the cable modem market 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
What Are The Segments Of The Global Cable Modem Market?
The cable modem market is categorized into several segments:
• By Type: External Cable Modems, Internal Cable Modems, Interactive Set-Top Box
• By Connectivity: Wired, Wireless
• By Application: Residential, Commercial, Industrial, Schools and Institutes, Other Applications
Which Region Leads The Cable Modem Market?
Asia-Pacific dominated the cable modem market in 2024 and is expected to maintain this lead in the future. This region is projected as the fastest-growing during the forecast period. The cable modem market encompasses regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cable Modem Market Global Market Report?
- Market Size Analysis: Analyze the Cable Modem Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cable Modem Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cable Modem Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cable Modem Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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