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Global Cable Modems Market to Reach $9.5 Billion by 2026
SAN FRANCISCO, May 18, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Cable Modems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: May 2021
Executive Engagements: 5277
Companies: 27– Players covered include Arcadyan Technology Corporation; Askey Computer Corporation; CastleNet Technology, Inc; Cisco Systems, Inc; CommScope; D-Link Corporation; Lindsay Broadband Inc; Netgear, Inc; Technicolor SA; Texas Instruments; TP-Link Technologies Co., Ltd; Ubee Interactive; Zoom Telephonics, Inc; Zyxel Communications Corporation and Others.
Coverage: All major geographies and key segments
Segments: Type (External, Internal, Interactive); Application (Residential, Commercial, Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
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ABSTRACT-
Global Cable Modems Market to Reach $9.5 Billion by 2026
Cable modems are an evolutionary response to the growing technology demand for alternate internet connectivity. Cable modems are used mainly for delivering broadband Internet access as cable Internet services by utilizing the high bandwidth offered by RFoG and HFC network. The growing demand for high speed Internet services from both residential and commercial sectors, expanding Internet user base, and the growing digitalization process especially in emerging economies is supporting demand for cable modem equipment. The rapid rise in IPTV subscriber base and the escalating demand for high speed broadband service are fueling growth for the external cable modems market. Amid the COVID-19 crisis, the global market for Cable Modems estimated at US$7.2 Billion in the year 2020, is projected to reach a revised size of US$9.5 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. External, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$6.6 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Internal segment is readjusted to a revised 2.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.9 Billion in 2021, While China is Forecast to Reach $2.2 Billion by 2026
The Cable Modems market in the U.S. is estimated at US$1.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. In North America, the prospects for cable modem equipment remains high due to the continuous rise in smart homes and the transforming corporate culture that supports BYOD trend in enterprises. The rapid rise in demand for high-speed Internet connectivity to support the needs of households and enterprises alike, especially in China, India, and Southeast Asian countries, is supporting demand for cable modem equipment in the Asia-Pacific region. The growing IT industry and the escalating demand for IPTV services are also expected to support growth of the cable modems market in the region.
Interactive Segment to Reach $1.4 Billion by 2026
In the global Interactive segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$869.5 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$188.9 Million by the year 2026, while Latin America will expand at a 5.1% CAGR through the analysis period. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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