The Cable Modem Termination System (CMTS) and Converged Cable Access Platform (CCAP) Market has entered
the growth phase and is expected to grow further in the near future. This
market is expected to be valued at USD 7.23 billion by 2023, at a CAGR of 10.96%
between 2017 and 2023.
The growth of Cable Modem Termination System Market is driven by the increasing investment in broadband services, the advent of over the top (OTT) services such as
Netflix, Amazon Prime, Hulu, and growing demand for IoT.
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DOCSIS 3.1 technology upgrade
cycle and government focus on cable digitalization are expected
to provide new opportunities to CMTS and CCAP systems. DOCSIS upgradation
is expected to provide a new opportunity
for CMTS and CCAP market. Rising demand for high-speed internet and video
streaming services are pushing MSOs to upgrade their existing headend systems
with DOCSIS 3.1 compatible systems. Moreover, with a high penetration rate of fixed broadband subscription, cable
operators worldwide are investing heavily to digitalize their cable network.
CCAP
systems present tremendous growth
opportunities for the CMTS and CCAP market as well as to the CMTS and CCAP market
players. The CMTS and CCAP industry is highly dependent on consumer application.
An increase in the demand for high speed internet and OTT services are
reinforcing the CMTS and CCAP market.
CCAP is
expected to grow at a higher CAGR during the forecast period. CCAP demand is rising
owing to the booming internet and over
the top (OTT) services, which,
in turn, is driving the adoption of new headend hardware. CCAP is capable of
fulfilling all the requirements related to high-speed internet and OTT
services, whereas CMTS is lagging. However, the cable industry’s DOCSIS 3.1 upgrade is also a major
instigating factor for high adoption of CCAP.
The market for DOCSIS 3.1 compatible systems is expected to grow at a higher CAGR during the forecast period. DOCSIS 3.1
compatible system is expected to start dominance from 2022 owing to the increasing
demand for high-speed internet and OTT services such as internet TV, video on
demand, music, and communications.
Data processing by CMTS and CCAP
systems in the consumer application is expected to grow at a higher CAGR. This growth is directly proportional to the number of broadband
subscriptions that are subscribed by consumers. This, in turn, affects the
network infrastructure market and increases the demand for CMTS and CCAP
systems.
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The market in RoW is expected to
grow at the highest CAGR owing to the emerging broadband demand in the region.
In the deployment of IoT technology in South America, the network infrastructure
can play an integral role in connecting different devices. North America has
emerged as a major consumer for the CMTS and CCAP market. Increasing demand for
high-speed internet and OTT services is expected to propel the CMTS and CCAP
market. Major companies, such as Arris, Harmonic, and Cisco, are launching
their products in this region. Moreover, DOCSIS 3.1 upgrade is encouraging CMTS
and CCAP system manufacturers to manufacture systems with DOCSIS 3.1
specification.
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