Cable Modem Termination System Market is projected to $18.15 billion with an 8.8% CAGR by 2034

Popularity of OTT Services Positively Influencing Market for Cable Modem Termination Systems: Fact.MR Report

According to a new study published by Fact.MR, the global cable modem termination system market is projected to reach US$ 7.82 billion in 2024 and further expand at 8.8% CAGR from 2024 to 2034.

Broadband Internet connections have become necessary to watch high definition and 4K content due to the growing popularity and demand for Over-the-Top (OTT) services such as Netflix, Amazon Prime, Hulu, and several others. Customers are becoming more drawn to these social media platforms for enjoyment, which is driving up the demand for effective Internet and related services. ISPs are responding by deploying cable modem termination systems to enhance their networks. These improvements enable ISPs to meet consumer expectations and demand while handling the enormous amount of data traffic generated by OTT services and maintaining the quality of the photo finish stream.

North America is projected to lead the global market throughout the projection period due to the high adoption of fast Internet, growing investments in network improvements, and advanced broadband infrastructure. Also, the presence of various leading technology businesses and increasing demand for gigabit-speed Internet services have been driving market growth in the region.

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Key Takeaways from the Market Study:

• The global cable modem termination system market is forecasted to reach a size of US$ 18.15 billion by 2034.
• The East Asia market is projected to generate revenue worth US$ 2.07 billion in 2024.
• North America is forecasted to account for 34.5% of the global market share by the end of 2034.
• Under applications, revenue from the business segment is projected to touch US$ 14.39 billion by 2034.
• The market in Japan is projected to be valued at US$ 1.24 billion by the end of 2034.
• Demand for cable modem termination systems in Canada is forecasted to increase at 9.7% CAGR through 2034.

“Governments in several countries are heavily investing in broadband infrastructure to provide outside areas with high-speed Internet, which will be a key growth driver for the target market,” says a Fact.MR analyst

Cable Modem Termination System Market:

Casa Systems; Nokia; Broadcom; Huawei Technologies Co., Ltd.; Versa Technology Inc.; Inango Systems Ltd.; C9 Networks Inc.; Harmonic Inc.; Juniper Networks, Inc.; CommScope; Chongqing Jinghong V&T Technology Co., Ltd.; Infinera Corporation

Growing Popularity of DOCSIS 3.1 System Standards

Greater performance and capacity to support higher data rates and increased network efficiency of DOCSIS 3.1 system standards is driving up demand for them in comparison to DOCSIS 3.0. With features such as gigabit capability, increased spectral efficiency, and expanded network capacity, DOCSIS 3.1 offers huge improvements that enable service providers to offer high-speed Internet to more customers at the same time and satisfy the growing demand for the same. With stronger support for data-intensive applications such as 4K streaming and smart home devices, these enhancements make DOCSIS 3.1 a more future-proof solution, increasing its uptake over previous standards.

Cable Modem Termination System Market News:

1. In March 2024, as part of its Entra Cloud platform of open, interoperable, cloud-native applications to help cable operators reinvent their networks for future-proof internet access, Vecima Networks Inc. introduced the Entra Virtualized Cable Modem Termination System (vCMTS). Entra vCMTS is architected from the ground up to deliver the performance and scalability required for DOCSIS 4.0-based services.
2. During a September 2023 unveiling of a new vCMTS from CommScope, network providers prepare to go DOCSIS 4.0-upgrading. As expected, the 'vCore' architecture of the company emerged winner in recent trial runs against the company's previous CMTS architectures, affirming cable service providers are able to achieve above 8 Gbps by harnessing the intermixing of new and established equipment.
3. In February 2023, Cisco and T-Mobile launched the Meraki 5G Gateways. The primary goal was to deliver an easy, scalable, and repeatable business Internet. Cisco Meraki MG51 and MG51E cellular gateways provide a different way of doing wide-area networking. It is 5G-powered and cloud-first. T-Mobile for Business customers will enjoy the cloud-native capabilities of the Cisco Meraki platform.

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More Valuable Insightson Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the cable modem termination system market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on type (virtual CMTS, traditional CMTS), DOCSIS standard (DOCSIS 3.0 & below system standard, DOCSIS 3.1 system standard), and application (business, consumer), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

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