Cable Modem Market Overview:
A cable modem termination system (CMTS) is the system that interchanges digital signals with cable modems on the cable network. Cable modem subscribers use the bandwidth of cable modems for implementing the internet services at the desired locations.
The Cable Modem Market was valued at USD 3.87 Billion in 2018 and is expected to reach USD 7.23 Billion by 2025 at a CAGR of 10.96%.
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Drivers and Restraints of the Cable Modem Market:
The factors that contribute to the growth of cable modem are IoT initiate the increase in the subscription of effective and high speed cable modems to increase the speed of internet connections for performing various applications. Thus with the advent of IoT is fuelling the growth of cable modem market. Other significant factors driving this market include increasing investment in broadband services, the advent of over the top services such as Netflix, Amazon Prime, and Hulu, and growing demand for IoT.
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Geographical Analysis of Cable Modem Market:
North America region majorly contributes to the growth of cable modem market on account of high penetration of the internet in the region. Asia Pacific market is expected to rise because of the increase in modem devices, rise in income, youth using more data and also cheap rates, boosting the market growth.
Market Leaders of Cable Modem Market:
Arris, Netgear, Hitron, Technicolor, UBee, ZyXel, TP-LINK, SMC, D-Link, Toshiba, Belkin International
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