The cable modem termination system market and converged cable access platform market is expected to be valued at USD 3.87 Billion by 2017 and is projected to reach USD 7.23 Billion by 2023, at a CAGR of 10.96% between 2017 and 2023. The factors such as 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 are expected to drive the growth of cable modem termination system and converged cable access platform market.
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Among the major applications of the CMTS and CCAP market, the consumer application held the largest share of the market in 2016. The main driver for the growth of this market is the increasing number of broadband subscriptions. This, in turn, affects the network infrastructure market and increases the demand for CMTS and CCAP systems.
The market for DOCSIS 3.1 standard systems are expected to hold the largest share, and it is also expected to grow at the highest CAGR during the forecast period. The growth is attributed to the surge in OTT demand and broadband subscription. In addition, DOCSIS 3.1 is expected to grow at the highest CAGR owing to the increase in the demand for high-speed internet and OTT services such as internet TV, video on demand, music, and communications.
Data processing through cable modem termination system and converged cable access platform systems for consumer application is expected to reach the highest CAGR between 2017 and 2023. The growth is attributed to the increase in the number of broadband subscriptions. In addition, the rising demand for high-speed internet aids in providing uninterrupted transmission and other related services, thereby creating a huge data traffic.
In terms of different geographic regions, North America held the largest market share in 2016 and expected to grow at moderate CAGR in the forecast period owing to the increasing demand for high-speed internet and OTT services. In APAC, China accounted for the highest market share. An increase in the ecommerce and e-governance activities has spurred this growth in APAC owing to the increased government funding to promote telecommunications industry in this region. As a result of this, many CMTS and CCAP market players are investing in this region, thereby resulting in rapid growth of the said market.
In cable modem termination system market and converged cable access platform market, bandwidth sharing is acting as the biggest challenge for the CMTS and CCAP market. In cable-based broadband services, the Internet upstream and downstream communication occur with the help of single communication line. This communication occurs between subscribers and internet provider. At the time of communication, internet provider provides the Internet with a certain bandwidth, and when it reaches subscribers, the bandwidth reduces; this reduction is known as bandwidth sharing.
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The major players in the market include Arris (US), Cisco (US), Casa Systems (US), Harmonic (US), Nokia (Finland), Huawei (China), Broadcom (US), Juniper (US), Chongqing Jinghong (China), Blonder Tongue Laboratories, Inc. (US), Sumavision Technologies Co., Ltd. (China), Versa Technology Inc. (US), C9 Networks Inc. (US), Vecima Networks Inc. (Canada), and Teleste Corporation (Finland). Most of the leading companies have followed the organic strategy of product launches to boost the revenue of the company.
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