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Soaring Demand Set to Propel Cable Modem Termination System Market to $6.80 Billion by 2029
Cable Modem Termination System Market
What Is the Expected CAGR for the Cable Modem Termination System Market Through 2025?
The market size of the cable modem termination system has seen substantial growth in the recent past. The market is predicted to expand from a worth of $4.29 billion in 2024 to $4.71 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.0%. The significant growth during the historical period is due to factors like the rising demand for high-speed internet, increased acceptance of DOCSIS standards, ongoing development of video streaming services, growth of hybrid fiber-coaxial networks, and a boost in remote working and digitalization.
What's the Projected Size of the Global Cable Modem Termination System Market by 2029?
In the upcoming years, the cable modem termination system market is set to witness significant growth, expanding to $6.80 billion by 2029 with a CAGR of 9.6%. This anticipated growth during the forecast period can be credited to various factors such as the rising demand for 10G broadband, an increase in smart home IoT devices, wider adoption of virtualized cable modem termination systems solutions, a heightened attention towards energy efficiency, and the proliferation of cloud-based services. Key trends forecasted for this period encompass enhancements in virtualized cable modem termination systems solutions, evolution in data over cable service interface specification 4.0 infrastructure, innovations in energy-saving hardware, advancements in fiber-deep architectures, and the implementation of Artificial Intelligence-powered network optimization.
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Top Growth Drivers in the Cable Modem Termination System Industry: What's Accelerating the Market?
The expansion of internet connectivity is propelling market growth due to the escalating demand for dependable, scalable broadband connections.
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What Are the Key Trends Driving Cable Modem Termination System Market Growth?
In an attempt to increase network efficiency, enhance scalability, and provide more dependable and faster broadband services, major firms in the cable modem termination system market are concentrating their efforts on inventing cutting-edge solutions such as virtualized cable modem termination systems. These software-based solutions, known as virtualized cable modem termination systems (vCMTS), operate on conventional servers to manage broadband networks more effectively and flexibly than the traditional hardware-based systems. For example, in September 2023, CommScope, a telephone service provider based in the US, unveiled a cloud-native vCMTS called vCore. This operates on commercially available servers to provide flexibility, scalability, and top-notch speeds of approximately 8.7 Gbps downstream and 1.4-1.5 Gbps upstream in hybrid DOCSIS 3.1/4.0 network structures. vCore facilitates cable operators to deliver high-speed services economically and get ready for DOCSIS 4.0 upgrades without completely revamping their networks. It is compatible with multiple DOCSIS designs and plays an instrumental role in transitioning broadband infrastructure towards 10G networks. This assists operators to streamline network resources, conserve energy, and minimize space in headends.
What Are the Main Segments in the Cable Modem Termination System Market?
The cable modem termination system market covered in this report is segmented
1) By Type: Integrated Cable Modem Termination System, Modular Cable Modem Termination System
2) By Functionality: Data Transmission, Voice Over Internet Protocol, Video Streaming, Network Management
3) By Deployment: Telecom Service Providers, Cable Operators, Internet Service Providers
4) By Technology: Data Over Cable Service Interface Specification 3.0, Data Over Cable Service Interface Specification 3.1, Data Over Cable Service Interface Specification 4.0, Active And Passive Optical Network Integrations
5) By Application: Residential, Commercial, Other Applications
Subsegments:
1) By Integrated Cable Modem Termination System: Remote Physical Device, Remote Optical Line Terminal, Core Network Device
2) By Modular Cable Modem Termination System: Line Card, Control Card, Power Supply Module, Cooling Module
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Which Top Companies are Driving Growth in the Cable Modem Termination System Market?
Major companies operating in the cable modem termination system market are Huawei Technologies Co. Ltd., Cisco Systems Inc., Broadcom Inc., Nokia Corporation, ZTE Corporation, NETGEAR Inc., Harmonic Inc., Vecima Networks Inc., Teleste Corporation, Sumavision Technologies Co. Ltd., WISI Communications GmbH, Cable Television Laboratories Inc., ATX Networks Corporation, Blonder Tongue Laboratories Inc., Optiwella, Versa Technology Inc., Creonic GmbH, AXING AG, C9 Networks Inc., AH Tech Solutions Private Limited, Chongqing Jinghong V&T Technology Co. Ltd., and Hangzhou Dibsys Technologies Co. Ltd.
Which Regions Will Dominate the Cable Modem Termination System Market Through 2029?
North America was the largest region in the cable modem termination system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in cable modem termination system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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