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Top Market Shifts Transforming the Cable Modem Market Landscape: Key Insights
Cable Modem
What Is the Expected CAGR for the Cable Modem Market Through 2025?
In recent years, the cable modem market has witnessed a consistent growth. The market, which is estimated to be worth $9.43 billion in 2024, is projected to increase to $9.81 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.0%. The surge in growth during the preceding years can be linked to factors such as the expansion of cable tv network infrastructure, the rise in popularity of online streaming services, enhanced adoption of smart home devices, and the government's actions to broaden broadband coverage.
What's the Projected Size of the Global Cable Modem Market by 2029?
The size of the cable modem market is predicted to experience notable expansion in the coming years, with an expected valuation of $13.99 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 9.3%. The surge expected in the forecast period is due to a rising necessity for gigabit internet, the emergence of remote work and education, escalating bandwidth needs, initiatives for energy efficiency, and improved solutions for network management. Key trends to note for the projected period include the advancement of multi-gigabit ethernet connectivity, worldwide connectivity agendas, the incorporation of Wi-Fi 6 technology, cutting-edge network virtualization, optimization of Quality of Service (QoS), and the integration and coexistence of 5g.
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Top Growth Drivers in the Cable Modem Industry: What's Accelerating the Market?
The escalating need for high-velocity broadband networks is fueling the cable modem market's expansion. Essentially, high-velocity broadband networks allow for the conveyance of extensive bandwidth information via a swift internet connection. Cable modems allow cable operators to offer this rapid broadband utilizing the same coaxial cables. Consequently, the soaring demand for such networks inevitably boosts the cable modem market. For instance, Cisco, a leading American technology corporation, predicts that Machine-to-Machine (M2M) connections will increase from 33% in 2018 to half of all connections by 2023. In fact, by 2023, it's projected there will be a staggering 14.7 billion M2M associations. Thus, the burgeoning demand for speedy internet connectivity is anticipated to further drive the cable modem market's growth.
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What Trends Will Shape the Cable Modem Market Through 2029 and Beyond?
Leading organizations in the cable modem market are concentrating on creating innovative products like modem-routers, improving internet access, and simplifying the user experience. A modem-router is a gadget that merges a modem and a router's features, enabling individuals to connect to the internet and providing wireless network capabilities simultaneously. This all-purpose unit makes configuration easier and decreases the number of devices required for home or office internet access. For instance, Arris International Limited, an America-based telecommunications gear corporation, introduced the SURFboard S34, a cutting-edge DOCSIS 3.1 cable modem aimed to provide rapid internet connections in September 2024. This modem offers substantial benefits by providing download speeds up to 2.5 Gbps, making it perfect for activities requiring high bandwidth like gaming and streaming 4K or 8K content simultaneously.
What Are the Main Segments in the Cable Modem Market?
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
Subsegments:
1) By External Cable Modems: Standalone Cable Modems, Cable Modem Routers
2) By Internal Cable Modems: PCI Or PCIe Cable Modems, Integrated Cable Modems
3) By Interactive Set-Top Box: Standard Set-Top Boxes, Advanced Interactive Set-Top Boxes
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Which Top Companies are Driving Growth in the Cable Modem Market?
Major companies operating in the cable modem market include 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.
Which Regions Will Dominate the Cable Modem Market Through 2029?
Asia-Pacific was the largest region in the cable modem market in 2024.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.
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