Cable Modems Global Market Report 2022: Rise in Internet User Base and Digitalization Trend Augurs Well for Sector Growth
DUBLIN, Oct. 11, 2022 /PRNewswire/ -- The "Cable Modems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Cable Modems Market to Reach $9.5 Billion by 2026
The rapid rise in IPTV subscriber base and the escalating demand for high speed broadband services are fueling growth for the external cable modems market.
Amid the COVID-19 crisis, the global market for Cable Modems estimated at US$7.7 Billion in the year 2022, 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.
The U.S. Market is Estimated at $1.9 Billion in 2022, While China is Forecast to Reach $2.2 Billion by 2026
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.
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/ssdb35
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